Jan 10 2011 | 1:48pm ET
The process-driven trading group will be spun off as PDT Advisors at the end of 2012. All of the group’s roughly 60 employees are expected to join the new firm, which will be led by PDT chief Peter Muller.
The Wall Street giant will have an option to retain a preferred stake in PDT Advisors—and likely will, according to published reports—and will probably serve as its prime broker. PDT will acquire some assets from Morgan Stanley as part of the deal.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…