"Clearly we didn't succeed here" and we "owe the industry an apology," said Nasdaq OMX (NDAQ)...

|About: Nasdaq Inc. (NDAQ)|By:, SA News Editor

"Clearly we didn't succeed here" and we "owe the industry an apology," said Nasdaq OMX (NDAQ) CEO Robert Greifeld yesterday in reference to the botched Facebook debut. As compensation for the technical errors that plagued the IPO, Nasdaq will pay market makers and brokers $40M, partly in the form of credits for reduced trading costs. (previously)