Nanex Research
Nanex ~ IPO Failure x 2
On Thursday, April 19, 2012, there were two IPO's that had less than stellar openings.
In fact both should be considered outright failures. We'll let the SEC figure out
both.
SPLK 500 millisecond interval chart showing trades color coded by exchange
and NBBO.
NBBO shaded gray for normal, yellow for locked (bid = ask) or red for crossed (bid
> ask)
TUMI 1 second interval chart showing trades color coded by exchange and NBBO.
NBBO shaded gray for normal, yellow for locked (bid = ask) or red for crossed (bid
> ask)
This IPO was less problematic, but hardly what one would expect from our perfectly
transparent and smoothly running exchange networks.
Nanex Research