Morgan Stanley Prototype For Automated Arbitrage

THIS WEEK'S LEAD STORIES

Rumor-mongering on a scale not seen since Iranscam has focused recently on the activities of Morgan Stanley & Co. Inc.'s Analytical Proprietary Trading Group. This all too little-known collection of mathematicians, technologists and traders, with an expressed interest in such exotic pastimes as simulated annealing and combinatorial optimization, has piqued widespread curiosity.

A chance conversation on the LIRR three years ago found a friend of a friend listening intently to the story of a small

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Systematic tools gain favor in fixed income

Automation is enabling systematic strategies in fixed income that were previously reserved for equities trading. The tech gap between the two may be closing, but differences remain.

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