Morgan Stanley to Spin Off PDT Business

Process Driven Technology (PDT), Morgan Stanley's quantitative proprietary trading unit, is set to be spun off from the investment bank in order to become an independent advisory firm at the end of 2012. The firm's new name will be PDT Advisors.

Morgan Stanley has confirmed that all of PDT's 60-strong staff will join the new entity.

In the interim, PDT, which has been part of the Morgan Stanley stable for the last 18 years, will continue to manage Morgan Stanley's capital and will also look to

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: