Morgan Stanley Trading Desk Sees Four Depart

Jul 21 2006 | 5:27pm ET

Morgan Stanley's program-trading desk took a big hit this week with the departure of four traders for rivals. 

Reuters reports that Mike Kelapire, Will McNeely and Jason Santos have joined New York-based Jefferies Group, just one week after Goldman Sachs' Andrew Silverman joined Morgan Stanley as head of U.S. electronic trading distribution. A fourth program trader, Therese Willett, has left for UBS.


In Depth

Electronifie: Better Bond Trading

May 11 2016 | 3:03pm ET

Technology has revolutionized countless aspects of investing and trading, but the...

Lifestyle

From Modern Trader: Stephen Curry is a Black Swan

May 18 2016 | 7:43pm ET

What do the rise of the Internet, the sinking of the Titanic, 9/11, and Stephen...

Guest Contributor

LendingClub and the Question of Internal Hedge Funds

May 19 2016 | 8:42pm ET

Peer-to-peer lending platform LendingClub Corp. has been in the news since the firm...