Morgan Stanley Expands Electronic Trading Services in Brazil

New York —

Morgan Stanley (NYSE: MS) is pleased to announce the launch of cash equity trading for securities listed on the BM&F Bovespa Exchange (Bovespa) in Brazil, through both direct market access (DMA) and algorithmic strategies.  The offering was introduced in April 2010, with a number of clients currently accessing the platform.  The offering is part of Morgan Stanley's continued expansion of its electronic trading platform in Brazil and Latin America.  Morgan Stanley rolled out its full suite of trading algorithms for Mexico in July 2009.

The Morgan Stanley Electronic Trading (MSET) offering in Brazil includes a full suite of algorithms to trade equities, including VWAP, Arrival Price, TWAP, Target Percentage of Volume, Price React and Close.  Clients can access these algorithms through MSET's Passport trading system, their own proprietary system or third-party order/execution management systems.  In addition, MSET offers direct market access to the Bovespa via Passport or FIX connection. 

"The expansion of our existing platform in Brazil underscores our commitment to the region and to arming our clients with the tools they need to navigate the Latin American marketplace," said Andrew Silverman, Managing Director and Co-Head of Morgan Stanley Electronic Trading (MSET).

Morgan Stanley Electronic Trading (MSET) provides 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.