Morgan Stanley Launches Customisable Trading Algorithm in Asia

Hong Kong —

HONG KONG, June 21, 2010 - Morgan Stanley (NYSE: MS) announced today the launch of Algorithm Manager in Asia, a new tool that provides traders with dynamic control over the execution strategy of individual orders. The launch of Algorithm Manager is part of Morgan Stanley's global expansion of its customisable electronic trading platform.

Algorithm Manager allows traders to automatically switch an order between several different Morgan Stanley Electronic Trading (MSET) algorithms depending on market conditions, time or quantity executed. When Algorithm Manager receives an order, execution begins with the default algorithm. Upon occurrence of an event or passage of time as defined in the execution template, Algorithm Manager switches to an alternate algorithm and continues the order execution.

"Algorithm Manager is an important step in our goal towards providing clients with a full suite of customisable and intelligent trading solutions," said Zach Tuckwell, Head of Asia Electronic Trading. "As the marketplace in Asia becomes more electronic, it is more important than ever that our clients are armed with the most sophisticated and flexible tools available to react to various factors and changes in market conditions."

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 our 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.