Now, It Is Man vs. Machine

In a move to repair its flagging bond-trading business, Morgan Stanley (MS)  is scrambling to replace some of its well-paid bond traders with computers.

The New York company is hiring programmers and technology specialists to help it trade bonds electronically and handle client orders in the hope of exploiting an expected shift in the way bonds and other fixed income products are traded.

While the effort represents only a part of what the firm is doing to boost low returns in the business, the shift already has reduced the ranks of interest-rate and foreign-exchange traders on some desks by 10% to 20%.

Morgan Stanley's head of interest-rate trading, Glenn Hadden, has told colleagues in recent months and that the trading floor of the future will surround a few traders with the hum of powerful machines. The unit, which has at least 200 staff according to industry estimates, has cut about 10% of staff on some trading desks. Morgan Stanley declines to discuss employment levels, but there according to these estimates the company employs more than 1,000 traders.

Continue Reading Now, It Is Man vs. Machine

CNBC Portfolio Challenge Bonus Bucks Answers for Tuesday, November 29

1. Research conducted by financial services recruitment firm Astbury Marsden showed City workers were expecting what average bonus this year?

ANSWER: £19,920

2. Morgan Stanley has cut global growth forecasts for 2012 once again, nearly three and a half months after cutting them in august. What is the firm's new forecast?

ANSWER: 3.5%

3. Which of the following is NOT one of three things to watch in Europe this week, according to PIMCO’s Mohamed El-Erian?

Answer: Stock market performances

@AllAmerInvest S&P Down 65%, Morgan Stanley Risk, IBM, Keynes , Al Qaeda

ALBERT EDWARDS: Everyone Is Still Way Too Optimistic, And The S&P Is Going To Lose 65%

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Morgan Stanley (MS) Seen as Risky as Italian Banks

Morgan Stanley (MS), which owns the world’s largest retail brokerage, is being priced in the credit- default swaps market as less creditworthy than most U.S., U.K. and French banks and as risky as Italy’s biggest lenders.
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All American Investor

IBM (IBM) Has Also Blown Past Microsoft, Becoming The Second-Most Valuable Tech Company In The World
http://read.bi/nxFV8Q

CNBC Bonus Bucks Answers for , Friday, September 30, 2011
http://bit.ly/nVFDP1

Morgan Stanley has agreed to pay $2.4 Billion for a hotel chain owned by which airline?

CNBC Portfolio Challenge Bonus Bucks Answers for Friday, April 13, 2007 and CNBC Million Dollar Portfolio Challenge

Morgan Stanley has agreed to pay $2.4 Billion for a hotel chain owned by which airline?
Get the Answers

CNBC Bonus Bucks Answers for Friday, April 13, 2007and CNBC Million Dollar Portfolio Challenge Bonus Bucks Answers

Which publicly-traded U.S. student loan company reportedly is in buy-out talks with a private equity firm?

Morgan Stanley has agreed to pay $2.4 Billion for a hotel chain owned by which airline?

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CNBC Portfolio Challenge Bonus Bucks Answers for Friday, April 13, 2007 and CNBC Million Dollar Portfolio Challenge

Which publicly-traded U.S. student loan company reportedly is in buy-out talks with a private equity firm?

Morgan Stanley has agreed to pay $2.4 Billion for a hotel chain owned by which airline?
Get the Answers

CNBC Portfolio Challenge Bonus Bucks Answers
CNBC Bonus Bucks Answers for Friday, April 13, 2007and CNBC Million Dollar Portfolio Challenge Bonus Bucks Answers

Which publicly-traded U.S. student loan company reportedly is in buy-out talks with a private equity firm?

Morgan Stanley has agreed to pay $2.4 Billion for a hotel chain owned by which airline?