Fewer days of trading losses for M Stanley

Morgan Stanley's traders cut in half the number of days they lost money in 2009 as opportunities reappeared after the financial crisis soured markets in 2008, according to a regulatory filing.

In 2009, Morgan Stanley traders lost money on 38 days after losing money on 76 days in its fiscal 2008 when volatility rocked markets, especially in the second half of the year.

Morgan Stanley's fiscal year in 2008 ended on November 30 of that year. It changed to a calendar year after receiving a commercial banking license during the financial crisis.

The firm scaled back risk after the credit crisis, but missed out on windfall trading profits during H1 2009.

 

Keep up with the latest business news from the region with the Emirates Business 24|7 daily newsletter. To subscribe to the newsletter, please click here.

 

Comments

Comments