Morgan Stanley (MS) may spin off its quant trading unit, Process Driven Trading, in the wake of...

|About: Morgan Stanley (MS)|By:, SA News Editor

Morgan Stanley (MS) may spin off its quant trading unit, Process Driven Trading, in the wake of the Dodd-Frank Act, which restricts banks' prop trading. The plan: PDT, headed by quant whiz Peter Muller, would retain access to Morgan Stanley’s resources, and Morgan would keep a minority stake in PDT.