The U.S. Commodity Futures Trading Commission (CFTC) today issued an order filing and settling charges that, over an 18-month period, Morgan Stanley & Co. LLC (Morgan Stanley), a registered futures commission merchant (FCM), unlawfully executed, processed, and reported numerous off-exchange futures trades to the Chicago Mercantile Exchange (CME) and Chicago Board of Trade (CBOT) as exchanges for related positions (EFRPs).
Eurex Clearing, Europe's leading clearinghouse, announced today that it cooperates with Barclays, BNP Paribas, Citibank, Credit Suisse, Deutsche Bank, J.P. Morgan and Morgan Stanley to support the launch of its new clearing service for OTC Interest Rate Swaps (IRS).
Nasdaq OMX Stockholm has slapped a Skr400,000 fine on Morgan Stanley after a Direct Market Access (DMA) client of the US bank mis-keyed an algo trade that spooked the markets and triggered an intraday auction by one of the Exchange's automatic volatility guards.
Peer-to-peer loan specialist Lending Club has added former Morgan Stanley chairman and CEO John Mack to its board of directors.
AcadiaSoft, today announced that four additional investment banks - BofA Merrill Lynch, Barclays, Credit Suisse and Morgan Stanley - are in production on MarginSphere, AcadiaSoft's online community for margin automation in the OTC derivatives market.
Traiana, leading provider of post-trade solutions, announced today that six of the largest foreign exchange (FX) clearers have chosen Traiana's comprehensive client clearing solution, Harmony CCP Connect, to manage the connectivity and workflow required to clear over-the-counter (OTC) FX derivatives.
SS&C Technologies (Nasdaq:SSNC), a global provider of investment and financial software-enabled services and software, today announced that SS&C Fund Services has been selected by Morgan Stanley to provide administration and accounting services for the FX Gateway platform.
A group of five financial institutions, including Goldman Sachs and BofA Merrill Lynch, have acquired minority stakes in Chi-X Global, which operates trading platforms in Canada and Japan.
Bowing to pressure from Citadel, its largest shareholder, online brokerage E*Trade has fired Morgan Stanley and brought in Goldman Sachs to conduct the strategic review that could see it sold off.
Online brokerage E*Trade has responded to calls from Citadel, its largest shareholder, to sell itself by bringing in Morgan Stanley to carry out a strategic review.
© Finextra Research 2014