Trading technology product of the year (bank): Morgan Stanley

Risk Awards 2015: US bank finds cure for forex fatigue

Pete Eggleston, Morgan Stanley

Gaining a competitive edge as a bank in the foreign exchange arena is arguably harder today than it has ever been; the market is deep and liquid, but market-making in most currency pairs is typically dominated by a small group of flow-monster banks. If there is an edge to be found, it is generally already in use - and has probably been blunted over time.

Morgan Stanley is the exception that proves the rule, bringing an execution analytics tool to the market last year that has been a big hit with

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