Tuesday, 24 May 2016
Last updated 13 hours ago
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.