The top executives of Nasdaq OMX Group Inc. and NYSE Euronext won’t get to face off before lawmakers next week over how brokers affected by Facebook Inc.’s botched initial public offering should be compensated.
In today's "Movers & Shakers" Bloomberg's Betty Liu reports that Nasdaq OMX Group CEOP Robert Greifeld, under scrutiny after shares of Facebook Inc. were plagued by delays and mishandled orders on its first day of trading , blamed “poor design” in the software it uses for driving auctions in initial public offerings. She speaks on Bloomberg Television's "In The Loop." (Source: Bloomberg)
Regulators cleared Nasdaq OMX Group Inc.’s plan to pay $62 million to compensate brokers for its mishandling of Facebook Inc.’s public debut, dealing a defeat to Wall Street firms that say they lost many times that amount.