Nasdaq Officials Are Sorry About The Whole...Y'Know
They've reviewed the tapes and it appears an apology is in order.
Robert Greifeld said he and other Nasdaq Stock Market officials "owe the industry an apology" for the exchange's technical problems that marred Facebook highly anticipated stock offering last month and left traders and investors frustrated and confused. In his first one-on-one interview about the social-networking company's initial public offering, Mr. Greifeld, chief executive of Nasdaq OMX Group Inc., said Wednesday that he and his staff have undergone "an entirely clinical, analytical" review of the events of May 18 in order to calculate trading losses caused by the IPO. "Clearly we didn't succeed here," Mr. Greifeld said in his office at Nasdaq's MarketSite in New York's Times Square.
