Morgan Stanley Acquires Minority Stake in BATS Trading Inc.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Morgan Stanley  To comply with Wikipedia's , the introduction of this article needs a complete rewrite. (NYSE NYSESee: New York Stock Exchange :MS) announced today that it has acquired a minority stake in BATS Trading, operator of the BATS Electronic Communications Network (ECN (Electronic Communications Network) A computerized, private financial trading system. Terra Nova Trading (www.terranovatrading.com) and Instinet (www.instinet.com) are examples. ). This partnership with BATS, which provides an innovative low-cost electronic trading platform, will allow Morgan Stanley to continue to provide excellent client execution by incorporating additional pools of liquidity. About BATS Trading, Inc. BATS Trading, Inc. was incorporated in June 2005. The BATS trading platform was designed to handle high speed, high volume, anonymous, reliable, algorithmic trading Algorithmic Trading A trading system that utilizes very advanced mathematical models for making transaction decisions in the financial markets. The strict rules built into the model attempt to determine the optimal time for an order to be placed that will cause the least amount of that has become increasingly common in the equity markets today. BATS is dedicated to continually enhancing its product functionality and being a market innovator for years to come. For more information, visit www.batstrading.com. About Morgan Stanley Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management, wealth management and credit services. The Firm's employees serve clients worldwide including corporations, governments, institutions and individuals from more than 600 offices in 30 countries. For further information about Morgan Stanley, please visit www.morganstanley.com. |
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