Nasdaq OMX

John Gapper

With hindsight, moving its listing to Nasdaq OMX on the grounds that it would get better advertising at Times Square than downtown at the New York Stock Exchange wasn’t a clever calculation for Kraft.

The trading glitch which caused Kraft’s shares wrongly to soar 30 per cent as it completed its switch to Nasdaq OMX was blamed by the exchange on an algorithmic trading error that affected other trading places as well. Read more