NEW YORK: Nasdaq OMX Group Inc has reached out to at least one brokerage that lost money due to Facebook's botched initial public offering on the exchange, saying it will make an announcement on Wednesday, a person at the brokerage firm said on Tuesday.
Nasdaq is expected to release details of a plan to make up some losses sustained by banks and trading firms, which collectively have been estimated above $100 million, in a filing with the U.S. Securities and Exchange Commission, according to the Wall Street Journal, citing unnamed sources.