Brian Chappatta, Columnist

Morgan Stanley’s 126% Bond-Trading Surge Is Electric

Electronification of fixed income most likely helped Wall Street deliver a blowout quarter.

January 16, 2020 at 10:51 AM EST

Brian Chappatta is managing editor of Bloomberg News' wealth group. He was previously team leader of billionaires coverage in the Americas. Before that he was a Bloomberg Opinion markets and finance columnist and a bonds reporter for Bloomberg News.

Going electric.
Photographer: Michael Nagle/Bloomberg

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Wall Street’s bond traders deserve a lot of credit for an impressive earnings season for the biggest U.S. banks. After all, fixed-income trading revenue easily blew past analysts’ estimates across the board.

But shareholders might want to show some respect to the machines, too.

Before it’s here, it’s on the Bloomberg Terminal

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