SEC May Order Nasdaq Upgrading

(Reuters) - U.S.

(Reuters) - U.S. securities regulators may force Nasdaq OMX Group Inc to upgrade its trading systems following last month's glitch-ridden IPO of Facebook Inc , the Wall Street Journal reported. The Securities and Exchange Commission is looking into what caused the glitches that left the market makers - who facilitate trades for brokers - in the dark for hours as to which trades had gone through. ...

U.S. securities regulators may force Nasdaq OMX Group Inc to upgrade its trading systems following last month's glitch-ridden IPO of Facebook Inc , the Wall Street Journal reported. The Securities and ...

Shortly after launching on Monday, Facebook’s Craigslist competitor, Marketplace, became overrun with ads for drugs, exotic animals, adult services, and other illegal items in violation of the company’s own policies. Today, the social media network blamed a glitch for allowing the posts to become public. 

Capital continues to move at such a high speed from stringently regulated public markets to the lightly monitored private arena that regulators are scrambling for tighter oversight.

Just over three hours ago, when discussing the NASDARK 3 hour trading halt, we asked: "what was it about Apple's locked Bid and/or Ask that caused the NASDAQ freak out, and was all the Tape C trouble at the NASDAQ purely a function of a locked order originating at NYSE Arca?" Moments ago, we got one half of the answer courtesy of the WSJ, which reports that "Nasdaq OMX Group Inc.

Chinese securities firms saw their assets under management (AUM) balloon to 1.2 trillion yuan at the end of 2012, up from 280 billion yuan at the start of 2012, according to the latest data from Securities Association of China.