Morgan Stanley Matrix pushes new boundaries

Morgan Stanley’s focus on delivering market-leading quantitative analysis tools through its fixed income e-commerce platform started to pay dividends last year. Facing stricter regulations and tighter profit margins, a growing spectrum of clients are using Matrix’s advanced functionality for unrivalled pre and post-trade transparency and to enter the world of algorithmic trading. Caroline Henshaw spoke to David Wright, head of FX electronic distribution and product development in Europe & the US, and Pete Eggleston, head of Quantitative Solutions and Innovations (QSI), about how the bank is tailoring its unique tool set to the needs of its clients.

Pete Eggleston“Last year we tripled the number of clients trading our algo products, which coincided with us launching a unique set of decision support tools for algorithmic trading.”What does Morgan Stanley offer in FX trading that competitors don’t? DW: Morgan Stanley’s differentiator is our focus on understanding our client’s needs, partnering with them, and applying our offering to suit those needs. For many clients, Matrix is a critical part of that offering across all or part of their pre-trade, trade and post trade flow. For example, a client may take advantage of our market leading pre- and post-trade Transaction Cost Analysis (TCA) on Matrix, but allocate through a third party.  Matrix is our storefront, but behind it are robust services available to our clients’ particular workflow.    A number of clients are reassessing their execution methodology and are looking for a combination of enhanced execution via products like algos, while at the same...continued

Exclusive Content

The full article is only available to current subscribers. Click here to sign in or subscribe by clicking here