Citadel May Have Lost Millions In Facebook (FB) IPO Trading

May 24, 2012 2:27 PM EDT
Hedge fund Citadel may have lost a similar amount to Knight Capital Group, Inc. (NYSE: KCG) in trading of the Facebook (Nasdaq: FB) IPO, CNBC reported.

Knight Capital Group said pre-tax loss related to the events associated with the trading of Facebook will be in the range of $30 to $35 million.

Knight Capital is going after Nasdaq OMX Group Inc. (Nasdaq: NDAQ) for the money. It is possible that Citadel will to.


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