As prop traders for Goldman Sachs (GS) plan their exit, Morgan Stanley (MS) has reached a deal...

|About: Goldman Sachs Group Inc. (GS)|By:, SA News Editor

As prop traders for Goldman Sachs (GS) plan their exit, Morgan Stanley (MS) has reached a deal where its prop-desk chief Peter Muller will spin his team of about 60 into a new firm at the end of 2012. Muller's launch will be closely watched as he's built a winning record since 1993.