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See the best of Reuters photography. See more | Photo caption Transgendered beauty Transgendered contestant Jenna Talackova takes part in Miss Universe Canada. Slideshow Inside Facebook A behind the scenes look at Facebook. Slideshow Nasdaq to revamp system after tech problems on Facebook IPO: WSJ Tweet Share this Email Print Related News Historic Facebook debut falls short of expectations Fri, May 18 2012 Messy Facebook debut marks weak day on Wall Street Fri, May 18 2012 Facebook prices at top of range in landmark IPO Thu, May 17 2012 Insight: Who got Facebook shares? Fairness may not come into it Thu, May 17 2012 Several brokerages stop taking Facebook IPO orders Wed, May 16 2012 Analysis & Opinion Did sentiment on Twitter predict Facebook’s post-IPO gyrations? http://t.co/Hbox42bR) Counterparties: Facebook’s share price is a number Related Topics Tech » Media » Facebook » Monitors show the value of the Facebook, Inc. stock at the closing bell at the NASDAQ Marketsite in New York, May 18, 2012. Credit: Reuters/Keith Bedford Sun May 20, 2012 10:46pm EDT (Reuters) - The Nasdaq is planning to revamp its systems for handling stock offerings after acknowledging that technology problems had affected trading in millions of newly issued Facebook (FB.O) shares on Friday, the Wall Street Journal reported. Individual investors were left in the dark for hours on Friday about whether their buy and sell orders for Facebook shares had actually been executed, in the latest of a series high-profile exchange glitches. Nasdaq Omx Group Inc (NDAQ.O) Chief Executive Robert Greifeld said in a conference call with reporters on Sunday that there had been a malfunction in the trading-system's design for processing order cancellations, the Journal reported. Greifeld also said extensive testing that was performed ahead of the deal failed to spot this problem. Nasdaq officials said the company is planning to redesign its IPO systems, according to the Journal, although it did not give further details. Investor confidence in the equity markets, where trading is largely computer-driven, has wavered since the "flash crash" in May 2010 when $1 trillion in shareholder equity was temporarily wiped out in a matter of minutes. In March, the botched IPO of BATS Global Markets, the third-largest U.S. stock exchange, refocused attention on the potential for marketplace mishaps. A series of unforeseen glitches hit the company's market debut on its own exchange and caused it to take the extremely rare step of withdrawing its IPO. (Reporting by Sakthi Prasad; Editing by Joseph Radford) Tech Media Facebook Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. 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