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Predictably, the majority of comment on the BIS survey led with the largely meaningless aggregate turnover figure, a measure that is about as useful a gauge of FX market development as VaR is as a tool for the management of an exotic options book
EuromoneyFiX / FX news: Morgan Stanley hopes for Matrix revolution
February 19, 2010
Alexandra Fletcher
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In a parallel virtual world, MS will become a top player in FX. Meanwhile, back in reality, it will remain a biggish player which nevert quite ever manages to become huge.
This is "HOT STUFF", very curious to see how well this can go and hopefully unlike Morgan Direct, private investors can play with it as well rather than Insitutional only.
Joseph Kassouf
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EuromoneyFiX / FX news: Morgan Stanley hopes for Matrix revolution