About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

IBM to Review Nasdaq OMX Technology in Wake of Facebook IPO Problems

Subscribe to our newsletter

Following the debacle that was the Facebook IPO on May 18, and Nasdaq OMX’s announcement that it plans to compensate member firms for who were “disadvantaged by technical problems” during the IPO process, the exchange has also revealed that it “has selected IBM to conduct a thorough review of the current state of processes for designing, developing, testing, deploying and operating market systems.”

Reports suggest that IBM’s remit is wide ranging, covering not just the IPO crossing systems, but Nasdaq’s entire trading systems, including its Inet trading technology, which has been installed at exchanges globally. Inet is considered to be the fastest matching technology available, as was recently noted in its rollout at the SIX Swiss Exchange.

It’s not been a great year for technology underpinning IPOs. In March, Bats Global Markets had to withdraw its own IPO – the first it had attempted – when its technology failed, causing disruption to the trading of some other stocks.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: High-Performance Networks & Low-Latency Connectivity for Trading

With financial markets becoming more complex and interconnected in today’s electronic trading environment, trading firms, exchanges, and infrastructure providers need to continually push the boundaries of network performance to stay ahead. Ultra-low latency, seamless connectivity, and resilient infrastructure are no longer just advantages – to stay competitive, they’re necessities. This webinar, part of the A-Team...

BLOG

Rethinking the Foundations: The Evolution of OMS and EMS in Capital Markets

What’s in a label? Has the industry’s fixation on traditional terms like OMS and EMS become a barrier to progress? How should firms balance the need for innovation with the demand for reliability in order and execution management systems? And what does a next-generation O/EMS infrastructure really look like in an environment where adaptability and...

EVENT

Data Licensing Forum 2025

The Data Licensing Forum will explore industry trends, themes and specific developments relating to licensing of financial market data from Exchanges and Data Vendors.

GUIDE

AI in Capital Markets: Practical Insight for a Transforming Industry – Free Handbook

AI is no longer on the horizon – it’s embedded in the infrastructure of modern capital markets. But separating real impact from inflated promises requires a grounded, practical understanding. The AI in Capital Markets Handbook 2025 provides exactly that. Designed for data-driven professionals across the trade life-cycle, compliance, infrastructure, and strategy, this handbook goes beyond...