AFTAs 2021: Best cloud initiative—Morgan Stanley

Due to regulatory demands and complexities pertaining to market structure issues across the capital markets, there is tremendous pressure to calculate more risk based on regulations and the increasing demands of generating alpha.

Morgan Stanley’s Equity Risk Scenarios computes end-of-day risk, which for VaR calculations, for example, requires pricing every position at the firm under historical market conditions 280 times per day.

In addition to being computationally intensive, this