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A Morgan Stanley Trader is Gone and Wall Street Rivals Take Note – Bloomberg

Full Article: Bloomberg

His undoing at the bank began when Hutchin Hill, a hedge fund with about $3 billion in assets, noticed someone carried out a trade on a security that it also owned, sparking a decline in the price.

Comments
  • Goose
    GooseAugust 5, 2017"wonder what would happen if MS called Hutchin Hill and asked them if they were involved in a trade. If HH thought the value was wrong, progressive options are out there to put your money where your mouth is. Become a buy side liquidity provider by sticking a bid where you believe value is in "all to all" or matching systems. Wonder what the results would be.…"
  • Jester
    JesterAugust 4, 2017"I found this article a little hard to follow. From what I can gather, here are the facts. 1) A HF got upset because someone traded a bond that they are long 2) After investigating, it looked like a MS trader was involved 3) The MS trader initially denied being involved 4) The HF complained to the trader’s boss 5) MS then admitted to doing the trade and then fired the trader If the above is true, why isn’t this article focused on the real question? Why is Hutchin Hill…"
  • Wolfman
    WolfmanAugust 4, 2017"The impact of recent regulatory changes have created a deeper need for the sell side to cater to the buy side. Lying is unacceptable for BOTH the buy side and sell side. I'm glad to know that the buy side is sinless.…"

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3 Comments on "A Morgan Stanley Trader is Gone and Wall Street Rivals Take Note – Bloomberg"

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Wolfman
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The impact of recent regulatory changes have created a deeper need for the sell side to cater to the buy side. Lying is unacceptable for BOTH the buy side and sell side. I’m glad to know that the buy side is sinless.

Jester
Member
I found this article a little hard to follow. From what I can gather, here are the facts. 1) A HF got upset because someone traded a bond that they are long 2) After investigating, it looked like a MS trader was involved 3) The MS trader initially denied being involved 4) The HF complained to the trader’s boss 5) MS then admitted to doing the trade and then fired the trader If the above is true, why isn’t this article focused on the real question? Why is Hutchin Hill furious about a trade happening in a position they own?… Read more »
Goose
Member

wonder what would happen if MS called Hutchin Hill and asked them if they were involved in a trade.
If HH thought the value was wrong, progressive options are out there to put your money where your mouth is. Become a buy side liquidity provider by sticking a bid where you believe value is in “all to all” or matching systems. Wonder what the results would be.

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