As was said of Elvis Presley when he left a given Venue. Several of the Players have stopped taking orders for Facebook shares ahead of the IPO Friday.
Several brokerages stop taking Facebook IPO ordersHowever Mr Z will be in the building at Nasdaq Ringing the Bell to begin trading Friday
(Reuters) - Investors who want Facebook Inc shares when the No. 1 online social network goes public later this week may have lost the opportunity. TD Ameritrade and Fidelity's brokerage arm both stopped accepting orders of Facebook shares as of Tuesday evening, according to representatives for each of the companies.
Morgan Stanley & Co did the same, according to three advisers at the firm who declined to be named because they are not authorized to speak to the press. E*Trade Financial also stopped accepting orders as of 4 p.m. Eastern Tuesday, according to a client alert sent out that day.
Wells Fargo & Co's brokerage arm, Wells Fargo Advisors, stopped accepting new orders as of 4:00 p.m. EDT Wednesday, according to two advisers at the firm.
A Morgan Stanley spokesman and a Wells Fargo spokeswoman declined to comment.
NASDAQ stress testing their systems. This is to avoid the the bats in belfry incident at the BATS Exchange
Exchanges iron out kinks as Facebook IPO looms
NEW YORK, May 15 (Reuters) - The frenzy around Facebook's public debut has exchange operators taking extra precautions to make sure the social network giant's stock trades smoothly on Friday, especially in the wake of recent technical glitches.
When Facebook Chief Executive Mark Zuckerberg rings Nasdaq OMX's opening market bell on Friday from company headquarters in Menlo Park, California, Nasdaq will have completed three straight days of testing on its initial public offering systems.
On Tuesday, the exchange ran a test debut using the dummy ticker symbol ZWZZT. The stock began the test with a massive surge of nearly 11 million shares.
The New York-based exchange conducted another test last week, and has more planned for Wednesday and Thursday.