Morgan Stanley will shut down its U.S. stock options "automated market-making" business
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Morgan Stanley is shutting down its electronic market-making division for U.S. stock options, despite the growing trading volume in this area. This decision reflects the disadvantages traditional financial institutions face when competing with proprietary trading firms. Morgan Stanley was one of the few large banks that paid retail brokers for options order flow services, but this business is now dominated by high-frequency trading firms
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