NEW YORK . Nasdaq OMX Group Inc. predicts have reached more than
U.S. $ 62 million to pay these companies are harmed when the IPO Facebook . At
that time , there was a system disorders resulting in delayed confirmation of
purchase .
Nasdaq said it is working in the investigation of Securities and Exchange Commission ( SEC ) over the issue. Exchange operator in New York is also revealed is facing eight lawsuits from investors and one of the trading company . They demanded Nasdaq responsible for any problems that occurred on Facebook IPO debut , May 18 .
" We expect to bear the additional expenses in defending lawsuits , related to the SEC investigation , and apply teknsi changes and improvements necessary or advisable , " the statement Nasdaq .
Nasdaq said it is working in the investigation of Securities and Exchange Commission ( SEC ) over the issue. Exchange operator in New York is also revealed is facing eight lawsuits from investors and one of the trading company . They demanded Nasdaq responsible for any problems that occurred on Facebook IPO debut , May 18 .
" We expect to bear the additional expenses in defending lawsuits , related to the SEC investigation , and apply teknsi changes and improvements necessary or advisable , " the statement Nasdaq .
Facebook debut on the Nasdaq stock exchange is problematic . Many
pre -order the Nasdaq stocks that could not be confirmed until many hours after
Facebook started to be transacted . In fact , confirmation usually comes in only
a few milliseconds .
As a result , traders are not sure if they 've managed to have a sham or not . The market makers are claiming losses of up to U.S. $ 500 million due to this problem .
Last week , UBS AG said it would take legal action against Nasdaq . UBS loses U.S. $ 350 million in IPO 's .
Computer system error was repeated again in New York trading last week . Wednesday ( 1/8 ) , Knight Capital Group to run a new electronic trading system , but it failed to work his computer coding . As a result , Knight must replace
As a result , traders are not sure if they 've managed to have a sham or not . The market makers are claiming losses of up to U.S. $ 500 million due to this problem .
Last week , UBS AG said it would take legal action against Nasdaq . UBS loses U.S. $ 350 million in IPO 's .
Computer system error was repeated again in New York trading last week . Wednesday ( 1/8 ) , Knight Capital Group to run a new electronic trading system , but it failed to work his computer coding . As a result , Knight must replace
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