Bloomberg News

Nasdaq Sets Up Appeals Process for Missed Facebook Orders

May 18, 2012

Nasdaq OMX Group Inc. (NDAQ:US) set up an appeals process for traders whose Facebook Inc. (FB:US) trades didn’t go through, giving them a deadline of 5 p.m. New York time to submit requests.

Nasdaq OMX said traders with questions about orders placed between 11:11 a.m. and 11:30 a.m. New York time should contact the exchange operator at +1-212-231-5100.

“Our intention is to reach resolution of those trades today through an offline matching process,” Nasdaq said in an e-mailed statement. “If at the end of that process, a firm continues to have questions or concerns, the firm needs to submit a formal accommodation request to us through the normal channels.”

To contact the editor responsible for this story: Nick Baker at nbaker7@bloomberg.net


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Companies Mentioned

  • NDAQ
    (NASDAQ OMX Group Inc/The)
    • $44.9 USD
    • 0.07
    • 0.16%
  • FB
    (Facebook Inc)
    • $77.57 USD
    • -0.05
    • -0.06%
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