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Article: Thinking Like Sales Traders is Goal at MSIM.
- Article from:
- Traders
- Article date:
- February 1, 2008
- Author:
CopyrightCOPYRIGHT 2008 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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During his 16 months as global head of equity trading at Morgan Stanley Investment Management, Ray Tierney has instituted a number of initiatives-all in the name of increasing access to liquidity and driving down trading costs. "To me, there is an enormous amount of opportunity that can be captured if we manage [our desk] properly," says Tierney, a 26-year veteran of brokerage sales and distribution, his last 15 at Morgan Stanley.
Tierney, described as "intense" and "high-energy" by colleagues, hasn't wasted time in his transition to the money management division with $265 billion in equities. He has introduced new technology, upgraded systems and streamlined ...