InfoAnda - Facebook's market maker losses may top $115 million: sources |

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

"Clash of the Titans" leads box office | 5 April 2010
Crisis leaves Russian ambitions thwarted at Rome G7 | International | | 16 February 2009
"American Idol" Crowns Kris Allen As Season 8 Champ | 21 May 2009

Rosie Huntington-Whiteley Bares (Almost) All for Burberry Body | 18 July 2011

Forum Views () Forum Replies ()

Read more with google mobile : Facebook's market maker losses may top $115 million: sources |

Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Technology Media Small Business Legal Deals Earnings Social Pulse Business Video The Freeland File Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB World World Home U.S. Brazil China Euro Zone Japan Mexico Russia India Insight World Video Reuters Investigates Decoder Politics Politics Home Election 2012 Issues 2012 Candidates 2012 Tales from the Trail Political Punchlines Supreme Court Politics Video Tech Technology Home MediaFile Science Tech Video Tech Tonic Social Pulse Opinion Opinion Home Chrystia Freeland John Lloyd Felix Salmon Jack Shafer David Rohde Bernd Debusmann Nader Mousavizadeh Lucy P. Marcus David Cay Johnston Bethany McLean Edward Hadas Hugo Dixon Ian Bremmer Lawrence Summers Susan Glasser The Great Debate Steven Brill Jack & Suzy Welch Frederick Kempe Christopher Papagianis Breakingviews Equities Credit Private Equity M&A Macro & Markets Politics Breakingviews Video Money Money Home Tax Break Lipper Awards 2012 Global Investing MuniLand Unstructured Finance Linda Stern Mark Miller John Wasik James Saft Analyst Research Alerts Watchlist Portfolio Stock Screener Fund Screener Personal Finance Video Money Clip Investing 201 Life Health Sports Arts Faithworld Business Traveler Entertainment Oddly Enough Lifestyle Video Pictures Pictures Home Reuters Photographers Full Focus Video Reuters TV Reuters News Article Comments (0) Follow Reuters Facebook Twitter RSS YouTube Read Exclusive: Fidelity facing "thousands" hit by Facebook woes 24 May 2012 SEC shuts down $11-million Ponzi scheme 1:19pm EDT GLOBAL MARKETS-Stocks, euro fall as Europe dents sentiment 2:21pm EDT Facebook market makers' losses at least $100 million | 5:09pm EDT Protests planned after minister calls for gays to be fenced in 24 May 2012 Discussed 151 Exclusive: U.S. lets China bypass Wall Street for Treasury orders 118 Obama presses ailing Europe to focus on growth 93 ”Battleship” bomb may hit studio’s profits: analysts Watched A look at the UK’s most beautiful face Thu, May 10 2012 SpaceX Dragon in Space Station fly past Thu, May 24 2012 A novel way to relocate Thu, May 24 2012 Wealth and Investing Center Pictures Reuters Photojournalism Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography. See more | Photo caption Fleet Week The U.S. Navy takes Manhattan for a week. Slideshow The SpaceX mission A privately owned unmanned rocket blasts off on a mission to be the first commercial flight to the International Space Station. Slideshow Facebook's market maker losses may top $115 million: sources Tweet Share this Email Print Related News CORRECTED-UBS lost $30 mln on Facebook IPO fiasco -source 4:15pm EDT Citi unit lost $20 million in Facebook IPO: source 2:21pm EDT Exclusive: Fidelity facing "thousands" hit by Facebook woes 8:14am EDT Tech pressures Nasdaq in volatile trading Thu, May 24 2012 Shareholders sue Facebook, NYSE comes calling Thu, May 24 2012 Analysis & Opinion Why plaintiffs’ lawyers would rather sue Facebook than JPMorgan Road shows, analysts and jumping the gun: the Facebook IPO Related Topics Tech » Money » Media » Facebook » By John McCrank NEW YORK | Fri May 25, 2012 5:12pm EDT NEW YORK (Reuters) - Four of Wall Street's major market makers involved in Facebook's botched initial public offering last Friday expect their losses from technical glitches on Nasdaq's exchange to be around $115 million. A software error on Nasdaq OMX Group Inc's U.S. exchange delayed the social networking company's market debut by 30 minutes last Friday. Many client orders were delayed, leading to significant losses to some investors and traders as the stock price dropped. The exchange operator is facing lawsuits from investors and threats of legal action from brokers. Claims from market makers look to overwhelm the $13 million fund the exchange aims to set up to deal with potential claims. Nasdaq's liability is limited to $3 million in certain cases, but electronic trader Knight Capital Group, for one, has said it will fight to be fully compensated. According to sources with knowledge of the situation: * UBS AG had trading losses of around $30 million stemming from Facebook's IPO; * Knight Capital Group saw losses of between $30 and $35 million; * Citadel Securities booked losses of $30 million; and * Citigroup Inc's Automated Trading Desk notched losses of about $20 million, according to a source. A market maker is a firm that stands ready to buy and sell a particular stock on a regular and continuous basis at a publicly quoted price. Other firms are expected to report additional losses from Facebook's IPO, including a $1 million loss by E*Trade Financial, potentially adding millions of dollars in cumulative claims, sources said. Regulators, including the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority and Massachusetts Secretary of the Commonwealth William Galvin are now looking into how the IPO was handled. The U.S. Senate Banking Committee is also reviewing the matter. (Reporting By John McCrank; Writing by David Randall; Editing by Walden Siew and Kenneth Barry) Tech Money 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. Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Connect with Reuters Twitter Facebook LinkedIn RSS Podcast Newsletters Mobile About Privacy Policy Terms of Use AdChoices Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Other News on Saturday, 26 May 2012
Syrian forces kill 50 in Homs province: opposition group |
Exclusive: U.S. probes China's ZTE over tech sales to Iran |
Qaeda-linked suicide bomber kills 12 in Yemen |
French left ahead in parliament vote: poll |
Turkmen leader sacks oil and gas minister |
Facebook options debut a wild card for volatility |
Dell-Quest deal possible over weekend: sources |
Facebook's market maker losses may top $115 million: sources |
They're here. They're geeks. Get used to it |
HP tries to stem Autonomy exodus after founder goes |
Corrected: Dish, TV networks take fight over ad zapper to judges |
Keira Knightley engaged to British rocker boyfriend |
Making France's Intouchables bankable in the U.S. |
Horror film Chernobyl Diaries draws some protests |
Brother of blind Chinese activist goes missing: lawyer |
Afghan parliament approves U.S.-Afghan security pact |
Muslim Brotherhood seeks unity ahead of Egypt runoff |
Lebanese Syria hostage release delayed, massacre claimed |
Bud weakens to storm off Mexico's Pacific coast |
Clinton to visit Scandinavia, Caucasus, Turkey |
Rooftop gunman kills one, wounds 8 in Finland |
Qaeda-linked suicide bomber kills 12 in Yemen |
Japan's Renesas eyes 14,000 job cuts, chip plant sale: Nikkei |
SpaceX capsule docks at space station, opens new era |
DigitalGlobe, GeoEye jump on nod for imagery funding |
Folk artist Doc Watson's responsive after surgery: agent |
Iran has enough uranium for 5 bombs: expert |
Putin puts Medvedev in charge of Russia's ruling party |
Greek pro-bailout conservatives regain lead: polls |
Israeli settler shoots Palestinian in West Bank |
Pope's butler charged over leaks scandal |
Muslims buried in Bosnia town, Serb veterans march |
Cannes gets happy ending with river film Mud |
Cannes' Middle East films show Arab Spring unfurl |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01