Reuters
May 25, 2012
Citigroup’s Automated Trading Desk (ATD) had trading losses of around $20 million stemming from Facebook’s botched initial public offering on Nasdaq OMX Group’s U.S. exchange, a source with knowledge of the situation said on Friday.
The unit’s losses were in addition to claims by market makers Knight Capital Group and Citadel Securities, which each had losses of $30 million to $35 million.
UBS AG, the other large market maker involved in the IPO of the social networking company on May 18, has not disclosed any losses.
Tags: Financial
Share this article:
Related posts:
Road rage turns into demolition derby
Lianne Smith sentenced to 30 years for murdering children
Wyoming Oil Industry Pays Salaries of Federal Workers Who Issue Their Drilling Permits
Illegal Immigrant Worked at NJ Airport for 20 years
Seattle Fault Bigger Quake Threat Than Thought
Number of immigrants in some UK 'hot spots' has doubled, according to revised figures