The SPA newswire

Morgan Stanley says structured products are a bright spot for the firm while UBS is set to up its focus on the market. Writing on behalf of the Structured Products Association, Negin Janati examines this month's major stories

Morgan Stanley (New York) - Reflecting a robust year on Wall Street, Morgan Stanley reported record net revenue of $6.9 billion in the third quarter, the highest since the second quarter of 2000. The firm noted that it achieved record revenues in its Institutional Securities division. Morgan Stanley also noted that structured products continued to be a bright spot for the financial institution: fixed income sales and trading net revenues were $2 billion, up 63% from the third quarter of 2004

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