Nasdaq Acknowledges Troubles With Facebook Deal
Robert Greifeld, chief executive of Nasdaq OMX Group Inc., 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 Inc. on Friday.
Mr. Greifeld said in an interview with reporters that problems with order cancelations interfered with the IPO process. Tests Nasdaq had conducted ahead of the highly anticipated offering failed to detect the problems, he said.
