NYSE runs Twitter IPO test to avoid Facebook chaos

twitterA test run was carried out by the New York Stock Exchange on Saturday of Twitter's profoundly expected market making a big appearance, as it looks to evade the sorts of issues that tormented Facebook's (FB. O) first sale of stock on opponent Nasdaq.

The NYSE was trying essentially for two things: To check whether its frameworks could handle the measure of message activity that could be created by the IPO; and to determine that once the IPO occurred any firms that put requests would speedily gain the reports letting them know that their requests had been executed.

It can additionally be seen as a feature of NYSE's battle with Nasdaq for matchlessness in innovation postings. Both trades vied to be home to Twitter's stock, and numerous investigators said the exchanging interruptions that happened on Facebook's Nasdaq make a big appearance likely played to NYSE's support, as it tries to turn into the objective of decision for engineering postings, something Nasdaq once ruled.

The Big Board, run by NYSE Euronext (NYX. N), normally does frameworks testing on the weekends, yet this was the first occasion when it had run a mimicked IPO, and it finished so at the solicitation of its part firms - a hefty portion of whom joined in Facebook's 2012 IPO on Nasdaq OMX Group's (NDAQ. o) fundamental trade.