If you had a hard time doing anything with Facebook ( FB) shares this morning — and apparently some did have a problem during the stock’s first hour of trading, because of Nasdaqglitches — the exchange wants you to know that you have until noon on Monday to get your order filled.
Nasdaq this evening sent around a missive saying trades put in between 11 am, Eastern, and 11:30 am, which were “offline,” did not go through. That was the period, you’ll recall, during which Facebook’s open was repeatedly delayed. The stock finally started trading at 11:30.
Here’s the Nasdaq notice:
The offline matching process for orders entered in FB between 11:11 and 11:30 AM resulted in nothing done. As previously noted, clients may submit a formal accommodation request to NASDAQ using the normal process. This must be done in writing by noon on Monday, May 21st. Any offline matching requests will be honored as initial notice of an accommodation request, though further details must be provided. NASDAQ will provide further notice directly to firms regarding their requests.
Facebook shares ended their first day up 23 cents from the offer price, or 0.6%, at $38.23.
~~~~~~~~~~~~~~~~~~~
I dont know what the above means......does that means all those trades are cancelled? If you do nothing then no order?
What if FB pops 10 on monday...surely the people will want the stock then
what a mess |
