Morgan Stanley FX loss leaves ill-feeling, questions in wake

Options traders saw odd quotes by US bank months before losses were publicised

morgan-stanley

Traders caught in the wash from Morgan Stanley’s ill-fated options trades last year are trying to piece together the events that led to a reported $170 million loss for the US bank, and upended Turkish lira options books across the Street.

Based on a series of options trades that started around March – at prices that surprised other traders – the US bank is believed to have been trying to manage a complex and highly illiquid underlying position. In the weeks that followed, those options trades

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to FX Markets? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: