Latest Morgan Stanley News: Finextra Research

Morgan Stanley looks to 'on demand' savings from IBM contract extension

Morgan Stanley says it expects to save millions of dollars under a new software and services 'on demand' contract with IBM.

27 April 2004

/wholesale

Charles River online to CSFB and Morgan Stanley algorithmic execution services

Massachusetts-based Charles River Developement is to provide users of its Investment Management System (IMS) with direct access to execution services from Credit Suisse First Boston and Morgan Stanley.

13 April 2004

/regulation

Morgan Stanley buys risk firm Barra for $816.4m

Morgan Stanley has acquired Californian risk management technology vendor Barra for $41 per share in cash, or an aggregate consideration of approximately $816.4 million.

06 April 2004

/regulation

Dow Jones Indexes takes over Trac-X

Dow Jones Indexes (DJI) has finalised an agreement to manage Trac-X, the suite of credit default swap (CDS) index products formed by JPMorgan and Morgan Stanley in April 2003.

24 November 2003

/Sibos

Four more securities firms choose SwiftNet FIX

Bank of Ireland, Credit Agricole Indosuez Chevreux, Morgan Stanley Investment Management and Nomura International have joined over 45 other firms already participating in the SwiftNet FIX early adopter programme.

21 October 2003

/wholesale

Bear Stearns, Lehman Brothers and HSBC sign up as market makers on TRAC-X

Bear Stearns, Lehman Brothers and HSBC Bank USA have signed licensing agreements to become market makers in TRAC-X, the suite of credit default swap (CDS) index products developed by JPMorgan and Morgan Stanley.

16 October 2003

/regulation

IBM puts banking and finance on the Grid

IBM is releasing new Grid-based solutions for banking and financial markets following successful projects at Morgan Stanley, Hewitt Associates and Nippon Life Insurance.

24 September 2003

/wholesale

JPMorgan and Morgan Stanley launch TRAC-X Europe swaps

JPMorgan and Morgan Stanley have launched their combined default credit swaps index TTRAC-X Europe with BNP Paribas on board as a third European market maker.

12 June 2003

/regulation

DTCC gets big bank backing for credit default swaps service

The Depository Trust & Clearing Corporation (DTCC) has signed up three of the biggest dealers in the credit derivatives market for the launch of a new global, automated matching service for credit default swaps planned in June.

01 May 2003

/regulation

Morgan Stanley advances Linux migration

Morgan Stanley is running two years ahead of schedule in its ambitious Unix-to-Linux migration programme says Jeffrey Birnbaum, managing director and head of enterprise computing at the Wall Street bank's institutional securities division.

23 January 2003

/retail

Brief: Morgan Stanley chooses Bisys to support Individual(k) plan

US bank Morgan Stanley has selected technology from Bisys to support its Individual(k) retirement plan.

18 December 2002

/wholesale

Axioma and Morgan Stanley team up for portfolio management system

Axioma has signed a strategic agreement with Morgan Stanley to provide solutions for portfolio management in the financial services industry. Morgan Stanley is also making an equity investment in the financial technology company.

01 November 2002

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