Morgan Stanley Takes Speedway Trading Platform Global
Morgan Stanley announced that U.S. traders can now use Speedway, its high-speed direct access platform for low-latency trading, to access major equity trading venues in Europe and Asia.
The investment bank originally launched Speedway, which also takes aim at traders dealing in U.S. markets, in 2007. The software can be co-located across a number of major equity trading venues and enables traders to interface directly through exchange APIs or by FIX protocol.
“The expansion of Speedway into Europe and Asia provides one of the only global solutions for traders who require the lowest latency around the world,” William Neuberger, Morgan Stanley’s global head of electronic trading said in a release.
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