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Morgan Stanley quietly closes Paris equity trading venue in sign Brexit has yet to bite

The bank closed the trading facility in September, a sign Brexit fears haven't come to pass

By

Jeremy Chan

Morgan Stanley's MTF was set up in 2018 and was seen as a potential hedge against trading difficulties that could have arisen with Brexit
Morgan Stanley's MTF was set up in 2018 and was seen as a potential hedge against trading difficulties that could have arisen with Brexit Photo: Getty Images

Morgan Stanley has quietly closed its Paris multilateral trading facility — a sign that the bank's Brexit worst-case hedging may have been too extreme.

The bank closed the MTF — an alternative trading platform that operates under Europe's MiFID II legal framework — in September, according to a person familiar with the matter.

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