Copying and distributing are prohibited without the permission of the publisher. If you wish to distribute this content please contact Christopher Hunt (firstname.lastname@example.org) for a quote.
Subscribe today: Order Euromoney by contacting us on +44 (0)20 7779 8999 (UK) or +1 212 224 3570.
ClusterFICC: what Morgan Stanley's cutbacks mean for fixed income trading
The US firm's embarrassing re-rightsizing is not a knee-jerk reaction: it shows just how bad FICC revenues are likely to be in the longer term. Will other banks follow suit?
To receive similar stories, sign up for Banking emails.