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Nasdaq OMX (NDAQ) has improved its offer of compensation to brokers and market makers that lost...

Nasdaq OMX (NDAQ) has improved its offer of compensation to brokers and market makers that lost money because of Facebook's (FB) botched trading debut to a total of $62M in cash from $40M mostly in reduced trading costs. However, the new amount is still probably far below the losses suffered, which include $35.4M for Knight Capital (KCG), and a reported $20M for Citigroup (C) and $350M for [[UBS].
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Comments (2)
  • Swliv
    , contributor
    Comments (139) | Send Message
     
    "$350M for [[UBS]"?!?? You sure?
    24 Jul 2012, 04:11 PM Reply Like
  • Swliv
    , contributor
    Comments (139) | Send Message
     
    Mea culpa. 350 MM.
    31 Jul 2012, 06:50 PM Reply Like
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