Morgan Stanley (MS) plans to launch Power E*Trade Pro in June to bolster its retail trading business, Bloomberg News reported Monday, citing Jed Finn, the head of wealth management.
The platform, in a pilot period, lets day traders customize as many as 120 tools across six screens on a desktop application, Bloomberg said.
Morgan Stanley didn't immediately respond to a request for comment from MT Newswires.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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