Morgan Stanley tops US equities broker league for commissions
Morgan Stanley came first for commissions, while the combined Virtu/ITG algos are considered top by investment firms.
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.
Eleanor Beasley left Morgan Stanley late last year after almost 15 years with the investment bank.
Following news of major US players looking to establish a member-owned equities exchange, industry experts agree the move could prove to be positive for markets, but warn the road ahead for MEMX may be a difficult one.
Morgan Stanley, Virtu Financial, Citadel Securities, UBS and Fidelity Investments are among the firms looking to establish a low-cost, transparent equities exchange.
CLSNet operates on a distributed ledger technology platform for automated bilateral payment netting of FX trades.
Integral currently has more than 200 financial institutions that use its technology services for FX businesses.
Five major market participants have cleared $200 million in notional of OTC SOFR swaps since CME launched the product in May this year.