New York broker demands $35 million compensation for Facebook IPO shambles:

A NEW YORK broker has asked Nasdaq to compensate it for up to $US35 million ($A36.01 million) in losses on the Facebook initial public offering due to the market’s computer problems on the first day of trade.

Knight Capital said in a filing to the Securities and Exchange Commission late on Wednesday that it had submitted a claim to Nasdaq over losses related to Friday’s computer problems, which disrupted buy [...]