Morgan Stanley Electronic Trading (MSET) garnered the award for "Top-Rated Provider of Trading Algorithms Among U.S. Clients," according to The Trade's 2011 Algorithmic Trading Survey of 400 global buy-side traders. MSET also picked up two global awards for "Execution Consistency" and "Anonymity," and was named a top-three provider in eight other categories.
The award for Execution Consistency — getting trades done efficiently and consistently — is a first-time win, and this is the third year in a row that Morgan Stanley has received the Anonymity award for protecting clients' orders.
This is the fourth year that The Trade, a London-based journal, has conducted this online survey — one of the largest buy-side polls to focus specifically on electronic trading. The results are based on data collected from October 2010 to February 2011, and the results are weighted by assets under management (AUM), level of algorithmic business and number of algorithmic providers used. Respondents included T Rowe Price Group Inc., Alliance Bernstein LP, HBK Investments LP, ING Groep NV, JPMorgan Chase & Co., Lord, Abbett & Co. LLC, Teachers Retirement System of Texas and Northern Trust Corp.