Five major market participants have cleared $200 million in notional of OTC SOFR swaps since CME launched the product in May this year.
Morgan Stanley has appointed a new head of cross divisional programs group to oversee the bank's large and complex programs in technology.
Jay Lee has been an executive director at US investment bank Morgan Stanley for the past eight years.
Morgan Stanley’s wealth management business will pay $3.6 million after one of its advisors stole $7 million from client accounts.
Former BAML global head of equities structured products to join Societe Generale in June.
Consortium aims to establish universal connectivity standards for industry desktop applications.
Goldman Sachs saw the biggest fall in bond trading profits among rivals, as low volatility hits fourth quarter trading activity.
Morgan Stanley has been fined a total of $350,000 after the CFTC found it had omitted data from its Large Trader reports.
Clients of Morgan Stanley were overcharged more than $1.5 million for exchange and clearing fees.
Jason Massey worked as an executive director for listed derivatives sales at Morgan Stanley for more than seven years.