Thursday, July 5, 2012

Nasdaq Critic Takes Aim Over Facebook IPO

Settling into his seat last month at the witness table in a congressional hearing room, Thomas Joyce leaned toward the man on his left.

"Don't elbow me," he said.

The 57-year-old Mr. Joyce, who runs stock-trading firm Knight Capital Group Inc., was warning Duncan Niederauer, chief executive of NYSE Euronext, to brace for a squabble over the future of the U.S. stock market.

"Likewise," Mr. Niederauer shot back. Both men grinned.

Lately, Mr. Joyce, known as T.J., has reserved his sharpest jabs for another exchange executive: Robert Greifeld, head of Nasdaq OMX Group Inc., who oversaw Facebook Inc.'s controversial initial ...

Settling into his seat last month at the witness table in a congressional hearing room, Thomas Joyce leaned toward the man on his left.

"Don't elbow me," he said.

The 57-year-old Mr. Joyce, who runs stock-trading firm Knight Capital Group Inc., was warning Duncan Niederauer, chief executive of NYSE Euronext, to brace for a squabble over the future of the U.S. stock market.

"Likewise," Mr. Niederauer shot back. Both men grinned.

Lately, Mr. Joyce, known as T.J., has reserved his sharpest jabs for another exchange executive: Robert Greifeld, head of Nasdaq OMX Group Inc., who oversaw Facebook Inc.'s controversial initial ...

Source: http://online.wsj.com/article/SB10001424052702303933404577504981772663406.html?mod=rss_asia_whats_news

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