Morgan Stanley enables FX STP for Hedge Funds

Morgan Stanleys Foreign Exchange and Prime Brokerage divisions have worked together to create an STP suite of products for hedge funds doing international trading.

First Published by e-Forex News: October, 2002

Morgan Stanleys Foreign Exchange and Prime Brokerage divisions have worked together to create an STP suite of products for hedge funds doing international trading. By combining the research, execution and allocation tools available from Foreign Exchange with the affirmation and reporting tools from Prime Brokerage, hedge fund clients will be able to handle all of their currency needs. Clients can leverage existing STP standards including FIX for execution and allocation as well as SWIFT for confirmations.
For clients who do not have the systems to support these standards, all of the tools for execution, allocation, affirmation and reporting are available online through Morgan Stanley ClientLink.