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Sunday, May 20
2012, 9:18 PM
NASDAQ OMX (NDAQ) CEO Robert Greifeld acknowledges the trade confirmation and order cancellation...
NASDAQ OMX (NDAQ) CEO Robert Greifeld acknowledges the trade confirmation and order cancellation issues that plagued the Facebook (FB) IPO, and which may have hurt its performance by preventing institutions from buying in. He adds the NASDAQ plans to change its IPO auction process on account of the woes. Update: Greifeld adds up to 30M shares worth of trades were affected by the glitches, a small percentage of the 580.6M shares that were traded.