Morgan Stanley Enhances Electronic Trading Services in Canada

Toronto —

Morgan Stanley (NYSE: MS) today announced the expansion of its electronic trading platform in Canada with specialized local coverage and the launch of Inter-listed SORT, adding to the Firm's comprehensive algorithmic and direct market access offering. 

"As the Canadian market becomes more fragmented and electronic, financial institutions require the necessary technology and services to find the best liquidity at the best price," said Andrew Silverman, Managing Director and Global Co-Head of Morgan Stanley Electronic Trading.  "MSET is fully committed to servicing the Canadian marketplace and we plan to continually enhance our industry-leading electronic trading platform to meet the needs of Canadian financial institutions."

A significant milestone in Morgan Stanley's expanded Canadian offering is the launch of Inter-listed SORT, a routing mechanism that aims to achieve best execution by routing orders for inter-listed securities to either a U.S. or Canadian market center, based on prevailing prices and liquidity in the respective markets.  Inter-listed SORT identifies the market with the best price and most liquidity for inter-listed securities, and automates the foreign exchange (FX) conversion process, reducing FX exposure.

Clients will have access to a wide range of trading algorithms, including MS PORT, Morgan Stanley's sophisticated portfolio trading algorithm.  In addition to providing Canadian clients with full access to the Morgan Stanley Electronic Trading (MSET) platform, Morgan Stanley has also invested in its local sales and coverage team to offer clients regional expertise and support of the product.

Morgan Stanley Electronic Trading (MSET) offers a complete spectrum of services, from pre-trade analytics and execution, to post-trade execution performance analysis and commission management.  MSET offers a comprehensive algorithmic trading suite and various direct market access (DMA) strategies, including our smart order routing technology and dark pool aggregator. 

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services.  The Firm's employees serve clients worldwide including corporations, governments, institutions and individuals from more than 1,300 offices in 42 countries.  For further information about Morgan Stanley, please visit www.morganstanley.com.

Media Relations Contact: Jennifer Sala, 212.761.2435