Clients asked to rank their top electronic-trading partners by their ability to reduce trading costs and level of anonymity named Morgan Stanley Electronic Trading the top provider, according to results from The Trade's 2010 Algorithmic Trading Awards. MSET also appeared on The Trade's "Roll of Honour" for execution consistency and for top broker among European respondents.

"Winning the global award for anonymity represents the market's validation of MSET's long-standing value proposition to clients," said Andrew Silverman, Global Co-Head of Morgan Stanley Electronic Trading. "Our commitment to protecting client orders and maintaining transparency regarding our order-handling practices is core to our liquidity strategy and a key source of differentiation from competitors."

Editors interviewed more than 300 senior traders at global buy-side firms, asking them to rank their service providers on a number of services. Those firms with the top three scores were named to the "Roll of Honour."

Last month, MSET launched MS PORT, a portfolio-trading algorithm that offers buy-side traders better execution and risk management. The algorithm differs from single-stock algorithms by taking into account correlations among assets, as well as volatility and projected market impact.

In December, MSET was named the top global provider of trading technology to hedge funds with $1bn or more in assets by Institutional Investor magazine for the third year in a row.