ADVFN - Advanced Financial Network.
HOME» NASDAQ » N » NDAQ Stock Price » NDAQ Stock News

Nasdaq Stock Market Share News

 The Nasdaq Omx Grp. (mm) Stock Price
NDAQ Stock Price
 The Nasdaq Omx Grp. (mm) Stock Chart
NDAQ Stock Chart
 The Nasdaq Omx Grp. (mm) Stock News
NDAQ Stock News
 The Nasdaq Omx Grp. (mm) Company Information
NDAQ Company Information
 The Nasdaq Omx Grp. (mm) Stock Trades
NDAQ Stock Trades

NYSE Criticizes Nasdaq's Facebook IPO Compensation Plan

NYSE Euronext (NYX) sharply criticized rival exchange Nasdaq OMX Group Inc.'s (NDAQ) plan to compensate some financial firms after the ill-fated Facebook Inc. (FB) initial public offering, calling Nasdaq's plan "unjust" and an anti-competitive potential grab for business. Nasdaq said earlier Wednesday that it planned for a one-time payout of around $40 million to compensate some of those who lost money in Facebook's IPO, which had been plagued with glitches on its first day of trading. The plan involves a mix of cash and trading discounts aimed to easing Nasdaq's reputational damage. "Such a tactic would potentially strongly incent customers to divert order flow to Nasdaq in order to receive compensation to which they are entitled, and allow Nasdaq to reap a benefit from market-share gains they would not have otherwise received," NYSE said. It further called the plan "tantamount to forcing the industry to subsidize Nasdaq's missteps and would establish a harmful precedent that could have far-reaching implications for the markets, investors and the public interest." It said it intends to fight against the Nasdaq plan. The planned payouts are subject to approval from the Securities and Exchange Commission and fall well below the $100 million or more that financial firms said they lost because of the technical problems. Problems with Nasdaq OMX exchange systems handling the May 18 opening of Facebook shares delayed the hugely anticipated debut by 30 minutes and left brokers with millions of shares' worth of unconfirmed trades. Firms didn't learn the results of their orders until more than two hours after the stock opened, and some were caught by surprise when they were notified by Nasdaq of unexpected positions in the social-networking company's newly listed stock. Nasdaq said it has hired International Business Machines Corp. (IBM) to review its trading systems. Write to Ben Fox Rubin at ben.rubin@dowjones.com

Stock News for Nasdaq Stock Market (NDAQ)
DateTimeHeadline
09/28/201606:00:00FXCM Inc. (Nasdaq: FXCM) to Ring The Nasdaq Stock Market Opening...
09/27/201611:00:00Nasdaq Entrepreneurial Center Celebrates First Anniversary: Support...
09/27/201610:00:00Northern Trust Corporation (Nasdaq: NTRS) to Ring The Nasdaq...
09/26/201616:05:00Nasdaq Announces Mid-Month Open Short Interest Positions in Nasdaq...
09/26/201612:28:20Six Exchanges Collectively Fine Merrill Lynch $3 Million for...
09/26/201610:25:53TubeMogul, Inc. (Nasdaq: TUBE) to Ring The Nasdaq Stock Market...
09/26/201609:37:27Nasdaq Scheduled Resumption in SkyPeople Fruit Juice, Inc.
09/26/201608:50:00CBOE Holdings to Buy Bats for $3.2 Billion
09/23/201617:35:57Nasdaq Welcomes Gridsum Holding Inc. (Nasdaq: GSUM) to The Nasdaq...
09/23/201616:05:00Delisting of Securities of BIND Therapeutics, Inc., InterCloud...
09/23/201615:22:56Nasdaq Welcomes Apptio (Nasdaq: APTI) to The Nasdaq Stock Market
09/23/201610:00:00Advertising Week 2016 to Ring The Nasdaq Stock Market Closing...
09/23/201610:00:00Cogint, Inc. (Nasdaq: COGT) to Ring The Nasdaq Stock Market Opening...
09/23/201606:00:00Gridsum Holdings, Inc. (Nasdaq: GSUM) to Ring The Nasdaq Stock...
09/23/201606:00:00Apptio, Inc. (Nasdaq: APTI) to Ring The Nasdaq Stock Market Opening...
09/22/201612:33:41Nasdaq Welcomes CapStar Financial Holdings, Inc. (Nasdaq: CSTR...
09/22/201611:05:23Nasdaq Appoints John Shay Global Head of Fixed Income and Commodities
09/22/201606:00:00CapStar Financial Holdings, Inc. (Nasdaq: CSTR) to Ring The Nasdaq...
09/22/201602:00:10Tokyo Commodity Exchange (TOCOM) Goes Live on Nasdaq Trading...
09/22/201602:00:00Tokyo Commodity Exchange (TOCOM) Goes Live on Nasdaq Trading...

Nasdaq Stock Market and other NASDAQ stock quotes are delayed by at least 20 minutes.
All other stock price and quote data is delayed by at least 15 minutes unless otherwise stated. By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2015 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad