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Friday, March 12, 2010

Morgan Stanley launches MS PORT trading algorithm

Morgan Stanley has announced the launch of new electronic trading platform MS PORT.

According to the investment bank, MS PORT utilises more than 70 risk metrics to enable investors to implement trade instructions across multiple portfolios more effectively.

By comparing market impact, volatility and assets, traders should be able to reduce costs, achieve better execution and manage risk more efficiently when investing, the bank explained.

Andrew Silverman, global co-head of Morgan Stanley Electronic Trading, said: “The addition of MS PORT to our constantly evolving suite of algorithms underscores our commitment to providing our clients with a complete set of trading tools and solutions to manage their global execution needs.”

In a statement the bank added that MS PORT also integrates with MS Analytics, allowing investors to follow each step of a trade.

The new electronic trading product is now available in the US and Europe and will be introduced to Asia-Pacific markets later on in the year.

Morgan Stanley recently announced the appointment of Jeffrey L Shames and Edmond N Moriaty III to its Investment Management and Global Research teams.

The former was employed as chairman and chief executive officer of MFS Investment Management while the latter previously worked as senior vice-president at Merrill Lynch & Co.

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