Fumbling the most anticipated and high-profile IPO in recent memory is still haunting Nasdaq OMX. This week, the market maker reported a lower first quarter profit on Monday while it set aside money for reimbursing disgruntled clients.
ING Direct Canada has a great reputation when it comes to leading-edge, consumer-facing bank technologies. It has burnished that reputation as of late, as noted by BTN , with recent new-feature launches, including one that will allow customers to log in to their accounts via Facebook.
In the wake of Nasdaq's fumbling of the Facebook IPO ( NASDAQ:$FB )and Knight Capital's rogue algo that lost the firm hundreds of millions of dollars, the SEC is cracking down. In a set of rules created by regulators, exchanges and other trading platforms must test for potential software errors that could unleash havoc on the markets.
Facebook got some welcome news regarding its lawsuit woes.
When Facebook's IPO stumbled out of the gate last spring, investors looked for someone to blame. Many critics looked to Nasdaq and their technical glitches for fumbling the launch of the social media giant. Now it looks like the market maker is going to have to pay for their disastrous handling of the new stock.
PayPal founder-turned venture capitalist Peter Thiel invested so early in Facebook that even after the stock has tanked in the aftermarket he turned a massive profit.
The Facebook fiasco continues to reverberate on Wall Street, as some market makers wonder if they will get a raw deal from a decision by the Nasdaq to have Finra review contested Facebook trades.
The brokerage industry has been infatuated with social media for several years now.
Despite Nasdaq's recent botching of the Facebook IPO, the U.S. market structure remains sound, according to a panel of financial services experts.
If you were in or around the technology industry in the mid-1990s, you remember well what an electrifying moment the Netscape IPO was.