Morgan Stanley’s on-line buying and selling system for rich shoppers is down
Morgan Stanley, one of many world’s greatest wealth managers, stated its on-line buying and selling portal for rich shoppers went down on Wednesday.
The financial institution’s message for shoppers was to name a service consultant to position trades, quite than utilizing the corporate’s web site. A spokeswoman for the New York-based agency declined to right away remark.
Retail brokerages have suffered sporadic outages this month amid unprecedented volatility and quantity in markets amid the coronavirus disaster. Most notably, free-trading pioneer Robinhood was overwhelmed by traffic on a number of days, together with one of many greatest days for positive aspects on the Dow Jones.
When Morgan Stanley introduced final month it was purchasing online brokerage E-Trade for $13 billion in inventory, a part of the rationale for the deal was to accumulate the corporate’s retail buying and selling know-how.
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