CFTC’s Chilton on Delayed Facebook Trading

Bart Chilton, a commissioner at the U.S. Commodity Futures Trading Commission, talks about delays in Facebook Inc.’s first day of trading and the impact of high-frequency transactions on stock exchanges. Nasdaq OMX Group Inc., under scrutiny after shares of Facebook were hit by delays and mishandled orders on its first day, blamed “poor design” in the software it uses for driving auctions in initial public offerings. Chilton speaks with Cory Johnson on Bloomberg Television’s “Bloomberg West.”


Source: Bloomberg May 21 2012

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