Morgan Stanley executes first DMA trade

The first customer DMA trade was completed on July 11, a release said here.        

"We are proud to offer DMA on the Indian exchanges," Morgan Stanley's Managing Director, Head of Electronic Trading in Asia, Scott Field-Marsham, said in the release.        

"Having DMA capability in this important market further enhances Morgan Stanley Electronic Trading's global footprint, which is of critical importance to our clients," he added.     
   
Morgan Stanley executed the first DMA trades after reveiving formal approval to deliver DMA to foreign institutional investor registered firms for both equities and listed derivatives on the NSE and for equities on the BSE.        

According to Morgan Stanley's Managing Director, Co-Head of Equities in India, Parag Gude, "today's announcement not only highlights Morgan Stanley's leadership in electronic trading, but it also underscores our commitment to offering our clients best-in-class execution services in India."        

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services.