OutFront live Mon. – Fri. 7p ET

Four others were wounded, including three critically, at a school north of Seattle, two federal law enforcement sources said. Erin Burnett has the latest.
June 7th, 2012
03:51 PM ET

The Number: Nasdaq pays up on Facebook IPO snafu

The fallout from the Facebook IPO continues. Part of the problem lies with the exchange in which Facebook trades: The Nasdaq. Glitches in the Nasdaq's systems on the day Facebook started trading caused losses for some big trading firms.

On Wednesday, Nasdaq announced it will provide some compensation to firms for 3 types of trading losses:

  • Orders to sell at $42 or less that didn't go through or went through but at a lower price than it should have
  • Orders to buy at $42 that weren't confirmed

So how much is the Nasdaq going to pay, that's our number tonight: $40 million.

RECOMMENDED: Nasdaq plans $40 million payout for Facebook losses


Filed under: The Number
soundoff (No Responses)

Post a comment


 

CNN welcomes a lively and courteous discussion as long as you follow the Rules of Conduct set forth in our Terms of Service. Comments are not pre-screened before they post. You agree that anything you post may be used, along with your name and profile picture, in accordance with our Privacy Policy and the license you have granted pursuant to our Terms of Service.

Follow

Get every new post delivered to your Inbox.

Join 371 other followers