2 days ago
Morgan Stanley to Shutter Electronic Equity Market-Making Unit
Morgan Stanley is shuttering a unit focused on electronic market-making for US equity options, retreating from a corner of the derivatives landscape that's grown increasingly popular with retail investors, even as trading volumes boom.
The business, known internally as automated market-making, is being closed, according to two people familiar with the matter, who declined to be identified because the information is confidential.
