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Monday March 18, 2019


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Stories related to ‘Morgan Stanley’

Morgan Stanley Replacing Traders With Machines

Morgan Stanley Replacing Traders With Machines

Morgan Stanley is hiring programmers and tech specialists to help electronically trade bonds and handle client orders. This signifies part of the firm's effort to boost low returns in the business. Already, the ranks of interest-rate and foreign-exchange traders have been reduced by 10-20%. [Full Story…]

Big Wall Street Banks Producing Mobile Apps

Big Wall Street Banks Producing Mobile Apps

Typically tech innovations have been driven by business and then adopted by consumers, however, mobile apps seem to be doing the opposite. The current rise of institutional apps produced by such companies as Goldman Sachs Asset  Management, J.P. Morgan and Morgan Stanley  is being driven by the [Full Story…]

Citigroup/Morgan Stanley Tech Upgrade Stalls

Citigroup/Morgan Stanley Tech Upgrade Stalls

In January 2009, Citigroup and Morgan Stanley announced the combination of their brokerage units.  Customers, who were told that a soon-to-be-released major technology upgrade would make investment performance tracking easier, are still waiting.  James Dunaway, a retiree and customer of Smith Barney [Full Story…]

Startups: Saving College Grads From Life as Investment Bankers

Startups: Saving College Grads From Life as Investment Bankers

In a new infographic comparing Silicon Valley to Silicon Alley startups, Chris Dixon, the co-founder of Hunch, said, “We’re helping save the next generation of college grads that would have gone over to Morgan Stanley.” But John Doerr of Kleiner Perkins Caufield & Byers is a proponent of the [Full Story…]

Wall Street Impacted by Steve Jobs’ Innovations #SteveJobs

Wall Street Impacted by Steve Jobs' Innovations #SteveJobs

Banks have undergone a drastic difference in their operations since the inception of Apple products, which has allowed for increased efficiency and productivity. A few years ago, this wouldn't have been palpable, however, in 2011 every Wall Street firm has an app for the iPad, from E*Trade to Morgan [Full Story…]

Zelkova Ventures Founder Jay Levy Explains Career Path

Zelkova Ventures Founder Jay Levy Explains Career Path

We Are NY Tech recently profiled Jay Levy, founder of NY seed stage fund Zelkova Ventures. At one point Levy worked for Morgan Stanley, but decided that he did not fit in at a big business company. He explained that his job at Morgan Stanley did not allow for any creativity or innovation. Levy [Full Story…]

NJ Financial Site Defeats Wall Street Banks in Misappropriation Suit

NJ Financial Site Defeats Wall Street Banks in Misappropriation Suit

A federal appeals court reversed a lower court ruling that NJ-based Theflyonthewall.com Inc., a financial news website, misappropriated their stock research by posting it too soon after it was released from research reports and press releases of several Wall Street banks, including Bank of America's [Full Story…]

Morgan Stanley Allows Brokers to Use Twitter, LinkedIn

Morgan Stanley Allows Brokers to Use Twitter, LinkedIn

According to Wall Street & Technology, Morgan Stanley's brokers will be able to use LinkedIn and Twitter within six months.  The largest U.S. retail brokerage firm is currently testing a slightly modified version of LinkedIn and a more restricted version of Twitter. Last year, Financial [Full Story…]

Could the Subway be the New Facebook?

Could the Subway be the New Facebook?

29 year-old Solomon Lederer, a Morgan Stanley software developer, is changing the way people view NYC subway “performers.” Unlike the normal subway interruption of someone asking you to buy a candy bar or singing a song that no one cares to care, Lederer is starting and initiative to use the [Full Story…]

Mapping the Journey of a Startup Entrepreneur

Mapping the Journey of a Startup Entrepreneur

In a time of economic distress, quitting your job to start your own company is a risk not many are willing to take, but that is precisely what Andrew Montalenti did.  Montalenti is an NYU graduate who previously worked as an engineer at Morgan Stanley, decided that he wanted to start his own [Full Story…]

Morgan Stanley Launches App for iPad

Morgan Stanley Launches App for iPad

New York's Morgan Stanley yesterday announced the launch of a new, free app for the iPad that lets institutional clients view reports on fixed income markets, stocks, currencies and economics. With the app, users can filter research reports to their liking, and can use a variety of analytic [Full Story…]

Goldman Sachs Employees Restricted from Using Electronic Profanity

Goldman Sachs Employees Restricted from Using Electronic Profanity

New York's Goldman Sachs has told its employees that using profanity in electronic messages is no longer tolerated, which applies to all of its 34,000 traders, investment bankers and other employees. According to an article on in The Wall Street Journal, there is no written report spelling out [Full Story…]

Thomson Reuters Kicks Off “The StreetApps Challenge”

Thomson Reuters Kicks Off "The StreetApps Challenge"

NYConvergence ORIGINAL This week NY-based Thomson Reuters kicked off The StreetApps Challenge, a competition for software developers created by ChallengePost, the same company that helped the city develop its NYC BigApps contest. The contest challenges developers to build mobile apps, based on [Full Story…]

NJ Finance News Site Must Wait to Post News

NJ Finance News Site Must Wait to Post News

In recent verdict in a case before a U.S. District Court,  Theflyonthewall.com a financial news Web site based out of Summit, New Jersey, was found to have engaged in "systematic misappropriation" of the financial news that it posts.  Overall, it means that the court found the [Full Story…]

Core Services Corp. Opens New Jersey Data Center

Core Services Corp. Opens New Jersey Data Center

Core Services Corp., an Oracle solutions specialist, has opened a new 50,000 square foot data center in Somerset, New Jersey, the company said Monday. The center joins a a growing cluster of data centers popping up in New Jersey's Middlesex and Somerset counties for companies such as Digital [Full Story…]