Morgan Stanley announced today that its algorithmic trading platform is now available on the Mexican Stock Exchange (BMV).
The Morgan Stanley Electronic Trading (MSET) offering includes a full suite of algorithms: VWAP, Arrival Price, TWAP, Target Percentage of Volume, Volume Dispense, Price React and Close. Clients can access these algorithms through their own proprietary system, third-party order/execution management systems or MSET’s PassportSM Windows system.
In addition, MSET now offers Direct Market Access (DMA) on the Mexican Futures Exchange (MexDer). Morgan Stanley clients trading futures can realize the benefits of DMA via Passport or FIX connection.
“This expansion into Mexico underscores MSET’s commitment to offering best-in-class electronic trading tools for a global marketplace,” said Andrew Silverman, Managing Director and Global Head of Distribution, Morgan Stanley Electronic Trading. “We plan to continue our global expansion to meet the evolving needs of our clients.”
MSET currently offers a full suite of algorithms in 30 countries. Last year, Morgan Stanley executed the first DMA trade in India. Morgan Stanley is committed to addressing market fragmentation globally by providing its clients with the most efficient trading tools to conveniently and easily access global markets.
Source: Mrogan Stanly, 21.01.2009
Filed under: BMV - Mexico, Exchanges, FIX Connectivity, Mexico, News, Trading Technology, Algo Trading, BMV Bolsa Mexicana de Valores, Derivatives, Derivativos, DMA Direct Market Access, Exchanges, FIX, MexDer, Mexico, Order Routing, Trade Connectivity
