Morgan Stanley Deploys Black Box Trading System
THIS WEEK'S LEAD STORIES
Morgan Stanley & Co. is offering its clients a new flavor of execution service in the form of a black box equity trading system. The system -- called MatchPlus Patient Trading System -- is designed to handle crosses of equity portfolios at low cost and without market impact. The service will be available through several quote vendors' terminal networks.
All New York Stock Exchange-listed and NASDAQ National Market System stocks are eligible for crossing on MatchPlus, which will match orders
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