Morgan Stanley to appeal €20 million fine for rigging bond market in France
France’s AMF has imposed a fine on Morgan Stanley for allegedly manipulating bond prices, but the US bank will appeal the decision.
France’s AMF has imposed a fine on Morgan Stanley for allegedly manipulating bond prices, but the US bank will appeal the decision.
The two US banks were the first to act as clearing participants for Eurex Clearing’s OTC FX clearing service.
Morgan Stanley and LBBW have cleared the first €STR derivatives referencing the new interest rate benchmark.
Prime brokerage is ‘the centre of the machine’ for equity sales and trading, according to Morgan Stanley, as revenues rise in the third quarter.
One of Morgan Stanley's most senior prime brokerage executives will retire at the end of 2019 having led the division since 2009.
Jeffrey Wang, a former Morgan Stanley trading executive, will lead business development and operations in the Americas for Amber Group.
Morgan Stanley came first for commissions, while the combined Virtu/ITG algos are considered top by investment firms.
Morgan Stanley is that latest investment bank to offer client clearing of credit derivatives through LCH CDSClear.
Dan Veiner from BlackRock tells delegates at the Fixed Income Leaders Summit in Philadelphia that relationships with the sell-side remain important to the buy-side.
Morgan Stanley’s institutional equity division head in Japan will take over as CEO in Japan, as Jonathan Kindred confirms his retirement.