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.
Under the agreement, Morgan Stanley's structuring and execution services will be bundled with Axioma's portfolio optimisation software, PortfolioPrecision, to form a new solution for asset managers.
Axioma says its solution helps portfolio managers identify and execute a set of transactions that best match the trade-off between expected return and trading impact for each portfolio.