TECHNOLOGY NEWS: 'Hundreds of thousands' of orders placed for Alibaba in debut: NYSE

NEW YORK (Reuters) - A top New York Stock Exchange executive on Friday said on CNBC that "hundreds of thousands of orders" for shares of Alibaba Group Holdings Ltd. (BABA.N) had been placed ahead of the stock's trading debut, expected later in the morning.

In an interview on CNBC, Scott Cutler, head of the NYSE's global listing business, said an initial indicative pricing range for the stock would be posted shortly.

Brokerage TD Ameritrade told Reuters that half the orders in its orderbook on Friday morning were for Alibaba.

NYSE officials said all systems were operating smoothly and all other listed issues were trading normally.

(Reporting By Dan Burns Editing of W Simon)


FIND OUT MORE ABOUT 'BEN Latest News'

'Like us on Facebook'
http://www.facebook.com/pages/BEN-Latest-News/443681719077160

'Follow us on Twitter'
www.twitter.com/benlatestnews

For Advertisment and Partnering with us contact our CEO on:
BEN Latest News™
BB PIN: 260158B5
Skype: cwizard123
Phone: +2348075912014
Email: cwizard123@gmail.com
On: Facebook, Twitter | LinkedIn - cwizard123