Eranet News on December 30,The company that operates the Nasdaq exchange said on Friday it will compensate firms for claims related to Facebook's botched May 2012 initial public offering.

In a note to traders, Nasdaq OMX Group said it will pay out on qualified claims on Dec. 31.

Nasdaq said previously  it would pay up to $41.6 million in claims to market participants who lost money when a glitch in Nasdaq's system during the IPO prevented timely order confirmations for many traders.

In August a software bug paralyzed thousands of Nasdaq-listed stocks market wide for three hours. That happened just days after a technical problem at Goldman Sachs sent a flood of erroneous orders to the U.S. equity options markets. 

After the Nasdaq outage, the SEC called the heads of all of the exchanges to Washington to discuss ways to strengthen critical market infrastructure and improve its resilience when technology fails. 

Other major glitches include BATS Global Markets' botching of its own market debut, which it had to abandon, just months before Facebook's IPO. And last Aug. 6, the exchange operator faced an outage on one of its markets of nearly an hour.

It is worth mentioning that, Facebook listed the case is referred to the worst-ever technology company listed on the case, not only the exchange transaction failures in the first day of the outbreak, as Facebook in preparation for the listing process, brokerage analysts issued "bizarre" report . At present, many investors have put several Facebook executives (including the CEO Zucker berg) and underwriters to court, they alleged Facebook deliberately withheld important information to investors (only privately disclosed to the brokerage analysts), United States a recent court ruling, this allegation effective management for Facebook, the listing of the hassle, is far from over.

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