Saturday 26 October 2013

INQUIRER.net: NYSE holds ‘successful’ test for Twitter IPO

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NYSE holds 'successful' test for Twitter IPO
Oct 27th 2013, 00:26

The New York Stock Exchange said its test run of Twitter's initial public offering on Saturday was a success, as the exchange tries to avoid the technical problems that marred Facebook's debut last year.   While the NYSE often does testing on the weekend, this was the first time the exchange conducted a mock IPO. Early Saturday, traders from member firms gathered with NYSE staff to run simulated buy and sell orders, test the flow of those orders and open the stock.   Twitter is expected to go public sometime before the end of November.   "This morning's systems test was successful, and we're grateful to all the firms that chose to participate," NYSE s...

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