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NASDAQ Reports Eurand N.V. Early IPO Trades Canceled Due to Operational Error


NEW YORK, May 18, 2007 (PRIME NEWSWIRE) -- NASDAQ experienced an issue with the IPO Eurand N.V. (Nasdaq:EURX) on May 17, 2007, which was released for trading by NASDAQ during the positioning window at 10:10 a.m., 10 minutes prior to the official published time of 10:20 a.m. ET. NASDAQ made a decision to break all trades that were executed early in EURX, and worked with other exchanges to break their trades. The NASDAQ IPO Cross process was restarted and operated normally with trading beginning at 11:00 a.m. The root cause of the issue was operational in nature and NASDAQ has implemented procedural changes to resolve the error.


NASDAQ is the largest U.S. electronic equities exchange. With approximately 3,200 companies, it lists more companies and, on average, trades more shares per day than any other U.S. electronic market. It is home to companies that are leaders across all areas of business including technology, retail, communications, financial services, transportation, media and biotechnology. NASDAQ is the primary market for trading NASDAQ-listed stocks as well as a leading liquidity pool for trading NYSE-listed stocks. For more information about NASDAQ, visit the NASDAQ Web site at or the NASDAQ Newsroom at


CONTACT: NASDAQ Media Contact: Bethany Sherman 212-401-8714

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