Nasdaq had argued that its status as a self-regulatory organization (SRO) gave it immunity from claims it broke securities laws and was negligent in how it executed orders to buy and sell shares of the social media company on May 18, 2012, the first day of trading.
Nasdaq OMX Group Inc agreed to buy electronic Treasuries-trading platform eSpeed from BGC Partners Inc for USD 750 million in cash, providing the exchange operator an entry into one of the world's largest and most liquid cash markets.
Nasdaq OMX Group Inc and investors who sued the exchange operator over Facebook Inc's USD 16 billion initial public offering have asked a judicial panel to keep their dispute separate from dozens of related shareholder lawsuits.
FACEBOOK-NASDAQ-PR-IPO:Nasdaq plays tough with clients angry over Facebook
NYSE, Nasdaq, LSE bid for clearer LCH.Clearnet
Nasdaq OMX Group and IntercontinentalExchange Inc will take their takeover bid for NYSE Euronext straight to the Big Board's shareholders as they try to corner the company into talks.
Nasdaq OMX Group and IntercontinentalExchange Inc are expected to soon go hostile in their bid for NYSE Euronext, taking their takeover offer directly to shareholders, two sources familiar with the situation said on Thursday.
Nasdaq OMX Group Inc's plans to launch a rival bid for NYSE Euronext faces hurdles as differences with potential partner IntercontinentalExchange Inc persist, the Wall Street Journal reported on its website on Thursday.
Indian asset manager Motilal Oswal has launched its third ETF, the Nasdaq 100. The new portfolio will provide rupee exposure to the Nasdaq 100. The ETF will be the only second international ETF on the Indian bourses.
Nasdaq OMX Group Inc, left out of a global merger frenzy among exchanges, is exploring options that include teaming up with a partner on a rival bid for NYSE Euronext, a person familiar with the situation said on Tuesday.
News that computer hackers had infiltrated the operator of the Nasdaq Stock Exchange is the latest blow for Wall Street as it works to repair an image with investors and traders dented by last year's "flash crash."