Morgan Stanley

Morgan Stanley

Morgan Stanley Analytics (MSA) includes applications that estimate pre-trade costs and evaluate post-trade costs using multiple benchmarks. MSA can be accessed directly by the end user (trader, analyst, portfolio manager) and supplemented by a coverage desk to assist and consult in trading strategies and evaluations. The post-trade analysis tool within MSA will accept the following data: symbol, side, executed quantity, total order quantity, average price, currency, start date, start time, end date, end time, and price scale. For trades executed with Morgan Stanley, the execution data will be automatically captured with the inclusion of a liquidity map that provides the user with added transparency, detailing the execution venue.

Asset classes and markets

MSA covers equities, futures and ETFs.

Benchmarks

Executed transactions can be evaluated using up to four user-selected benchmarks, which may include: prior close, open, arrival price, interval VWAP, full-day VWAP, or participation weighted price at multiple levels. Trading data is organised in multiple categories including: country, market cap, spread, volatility, liquidity and trading strategy.

Reporting options

Post-trade reports can be run on a daily, weekly, or monthly basis, as well as a custom timeframe. Orders executed with Morgan Stanley can be analysed down to the execution level. Formatting changes can be customised to accommodate customer requests or clients can access their data through a number of existing templates.

Consultancy services

Morgan Stanley’s coverage team is available for trading consultation and review of execution performance.

Pre-trade analysis

The MSA pre-trade tool is interactive. It allows the user to quickly identify the characteristics, risk exposures, and projected cost outliers of a portfolio or trade program. It also provides “what-if” analysis to evaluate the potential impact of adjustments. Pre-trade analysis can be sorted and reorganised in multiple views upon user interaction and data can be exported in spreadsheet format, as well as generate blind risk bid sheets.

Future plans

Morgan Stanley has a dedicated team continually working to improve its analytic tools, by evolving with market changes and client needs.