Role of High Frequency Trading in Facebook's Nasdaq IPO at the Speed Traders Workshop 2012 Shanghai
It was reported by The Wall Street Journal that high-frequency trading firms, known for the heavy burden they place on exchange systems, played no role in Nasdaq's problems opening up Facebook's shares for trading, Mr. Eric Noll, Nasdaq OMX Group's Head of Transaction Services, said on the conference call. Most such firms do their trading after stocks open on the broader U.S. markets, Mr. Noll told member firms, and there were no signs that any were active as Nasdaq struggled...
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