Nasdaq Is 'Humbly Embarrassed' Over Facebook Troubles
Category: Global Market
Sunday, May 20, 2012 9:24 PM / News Alert from The Wall Street Journal
Robert Greifeld, chief executive of Nasdaq OMX Group, on Sunday acknowledged design problems with Nasdaq's technology after the exchange operator was widely seen as bungling the landmark listing of shares of Facebook on Friday.
Mr. Greifeld said in an interview with reporters that problems with order cancelations interfered with the initial public offering process. Tests Nasdaq had conducted ahead of the highly anticipated offering failed to detect the problems, he said.