Individual investors were left guessing for more than two hours on Friday about whether their buy and sell orders for newly issued Facebook shares had been actually executed. The Nasdaq Stock Market, where Facebook is listed, had problems sending electronic messages back to the brokerages that handle orders from individual, or “retail,” investors, according to people with direct knowledge of the situation. Because the electronic acknowledgements didn’t come back from the exchange, the brokers were unable to tell their clients that trades had been executed. Such acknowledgements usually occur almost instantaneously. “Nasdaq’s delay in passing back executions is causing a lot of heartburn on the Street,” said one source. “We had to tell clients we didn’t get the print back,” said another. READ MORE: Facebook investors left guessing after Nasdaq glitch
Pop-upView Separately

Individual investors were left guessing for more than two hours on Friday about whether their buy and sell orders for newly issued Facebook shares had been actually executed.

The Nasdaq Stock Market, where Facebook is listed, had problems sending electronic messages back to the brokerages that handle orders from individual, or “retail,” investors, according to people with direct knowledge of the situation.

Because the electronic acknowledgements didn’t come back from the exchange, the brokers were unable to tell their clients that trades had been executed. Such acknowledgements usually occur almost instantaneously.

“Nasdaq’s delay in passing back executions is causing a lot of heartburn on the Street,” said one source. “We had to tell clients we didn’t get the print back,” said another.

READ MORE: Facebook investors left guessing after Nasdaq glitch

30 Notes/ Hide

  1. compozz reblogged this from deli-hell-me
  2. hzmnryk reblogged this from reuters
  3. nagas reblogged this from reuters
  4. businessoutsider reblogged this from reuters
  5. nutpics reblogged this from pdl2h
  6. longroof reblogged this from mako-28
  7. parmodule reblogged this from reuters
  8. wizardblue reblogged this from reuters
  9. baveshmoorthy reblogged this from reuters
  10. mako-28 reblogged this from pdl2h
  11. waterbluecity reblogged this from nemoi
  12. kobat987 reblogged this from triflebit
  13. private-photosonic reblogged this from nemoi
  14. nemoi reblogged this from indivi
  15. indivi reblogged this from deli-hell-me
  16. graphinity reblogged this from pdl2h
  17. triflebit reblogged this from deli-hell-me
  18. deli-hell-me reblogged this from pdl2h
  19. komanbu reblogged this from pdl2h
  20. anhbabi reblogged this from reuters
  21. matthewgroehl reblogged this from reuters
  22. 3dori reblogged this from pdl2h
  23. pdl2h reblogged this from reuters
  24. aatombomb said: Tech!
  25. mmq1986 reblogged this from reuters
  26. reuters posted this