This is the Year of Pre-Trade Advances and Market Structure Changes
Traders Magazine, February 2006
Morgan Stanley's Brian Fagen has a unique perspective on electronic trading, having spent the bulk of his 18 years in the securities industry in program trading. He heads Morgan Stanley's client self-trading group-which includes direct market access, algorithms and Morgan Stanley's Passport DMA system. The self-trading group grew out of Morgan Stanley's program trading desk. The broker decided to separate the two in 2002. "We split program trading and electronic trading because we believe there is an anonymity factor in using self-trading tools," Fagen said.
All TradersMagazine.com articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, online technology directory, the iPad App, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our e-newsletters covering the latest breaking news, opinions from industry leaders, developing trends and trading strategies.