Morgan Stanley Traders Lost $390 Million in One Day (Update1) (Bloomberg.com)

Story date: 2007-10-10 03:27:51
Added on: 2007-10-11 05:00:42

Oct. 10 (Bloomberg) -- Morgan Stanley, the world's second- biggest securities firm, said its quantitative strategy traders lost $390 million during a single day in August as their computer models failed to account for ``widespread'' investor selling.


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