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Morgan Stanley & Co. is No. 1 on the 2016 All-America Trading Team, Institutional Investor's exclusive annual ranking of the trading services providers preferred by asset managers that invest in U.S. equities.
Complete survey results can be found at www.institutionalinvestor.com/rankings.
Goldman, Sachs & Co. and J.P. Morgan Securities share second place, while Bank of America Merrill Lynch lands at No. 4.
II's newly expanded survey asked buy-side traders, market structure analysts and other financial professionals to rank their trading partners on a dozen attributes, including block liquidity, price improvements and preventing information leakage.
Morgan Stanley finished in the top three in 11 of the 12 categories, missing out only in analytics. Goldman and J.P. Morgan earn a top-three spot in nine of them; BofA Merrill, five.
Survey participants could also vote for the sales traders and electronic-trading salespeople whom they feel provide exceptional service. Morgan Stanley's Michael Cohen claims first place among sales traders, followed by Brendan Grady of Barclays Capital in second place and James (Chip) Clingham of Credit Suisse Securities (USA) in third.
Among electronic-trading salespeople, J.P. Morgan's Charlie Whitlock is No. 1 and Katherine Sullivan and Anthony Pallone, both of Jefferies, capture second and third place, respectively.
Survey results reflect the opinions of 280 investment professionals at 232 firms that paid an estimated $5.28 billion in commissions for U.S. cash equities last year.
