About a-team Marketing Services
The leading knowledge platform for the financial technology industry
The leading 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: The art of implementing data lineage

This webinar has passed, but you can view the recording by registering here. Data lineage is a regulatory and internal requirement with potential to deliver significant operational and business benefits, but financial institutions can find it difficult to implement and complex to maintain as systems and regulatory requirements themselves, change quickly. The importance of understanding...

BLOG

ICE Partners with Techary to Provide Hardware Procurement and Managed Services

Market infrastructure provider Intercontinental Exchange (ICE) has launched a global procurement and managed services solution in collaboration with Techary, a global technology solutions provider. The new service, which will be offered by ICE Global Network (IGN) and supported by Techary, will provide customers with end-to-end hosting, hardware procurement, management and support through one single IGN...

EVENT

RegTech Summit London

Now in its 7th year, the RegTech Summit in London will bring together the RegTech ecosystem to explore how the European capital markets financial industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

Evaluated Pricing

Valuations and pricing teams are facing a much higher degree of scrutiny from both the regulatory community and the investor community in the glare of the post-crisis data transparency spotlight. Fair value price transparency requirements and the gradual move towards a more harmonised accounting standards environment is set within the context of the whole debate...