The Bank of United States is one of several institutions like the first day of trade, lost millions of dollars in Facebook if orders made evil processed by the client.In a letter of 17 pages on which securities and Exchange Commission (SEC) shot Citi NASDAQ would operate gaming, proprietary software, on the morning of 18 may float itself as characters who fought was developed to deal with the volume of orders."The failure to notify NASDAQ as Citi market makers, to what was behind the scenes is inexcusable", said Citi.The criticism is the most difficult, but NASDAQ role in the supply of (£ special insurance) $104bn - brought and taken so much that he saw Facebook hover in $38 and constant 49pc fall from. Citi, the $ 20 million lost in the IPO, said that he had proposed that $62 million NASDAQ compensation covered all affected market-maker "only a fraction of their losses". The Bank also had claims responsibility is limited on the NASDAQ were Exchange due to its legal status as "Self-regulation".UBS, Knight capital and Citadel, a hedge fund, there are companies that lost money in its capacity as the creators of Facebook stock market. UBS, the more than 350 million $ lost, considering their legal options. Citadel will be the SEC of NASDAQ compensation plan to approve, after the exchange the payment of $40 million raised to $ 62 million. NASDAQ refused to comment.
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