OVERVIEW
Morgan Stanley MTF comprises three order books operating independently of each other:
1. A periodic auction order book, with eligible Orders triggering periodic auctions and pre-trade publication of the uncross price, indicative uncross volume and an imbalance indicator to attract additional liquidity
2. A non-displayed liquidity pool, executing at the midpoint of the relevant reference market utilising either the reference price waiver or the large in scale waiver (depending on the size of the Orders)
3. A negotiated trade book, which provides a mechanism for members to agree off-book negotiated trades which are subject to conditions other than current market price (e.g. benchmark trades) and bring those negotiated trades onto the MTF and subject to the MTF’s rules under the negotiated trade waiver (pending regulatory waiver approvals)
Morgan Stanley MTF operates during the relevant Primary Market hours of continuous trading (which excludes any auction periods).
BECOMING A PARTICIPANT
To register your interest in becoming a Participant, please complete the below documentation and return to msmtfmembership@morganstanley.com
DOCUMENT LIBRARY
Participant Documents:
- Morgan Stanley MTF Fee Schedule
- Morgan Stanley MTF Rulebook (English)
- Morgan Stanley MTF Rulebook (Français)
- Morgan Stanley MTF Order To Trade Ratio Policy
- Morgan Stanley MTF Participant Manual
Technical Documentation:
- MS MTF – Automated Testing Service
- MS MTF – Binary Interface Specification
- MS MTF – FIX 4.2 Interface Specification
- MS MTF – Market Data Interface Specification
Reference Data:
- List of Tradable Securities
- Tick Size Table
- Latest Tradable Securities changes:
- Trading Calendar
- Morgan Stanley MTF MiFID RTS 27 Reporting
NEWS & UPDATES
Please find below relevant news and Participant Notice publications.
Participant Notice
CONTACTS
General Enquiries:
msmtfmanagement@morganstanley.com
+44 (0) 207 425 3222
Trading & Technical related queries :
+33 1 85 14 85 90
Membership:
msmtfmembership@morganstanley.com
Compliance: