Morgan Stanley retains European equities broker crown

US bank held off competition from BAML and UBS to remain the top-ranked broker for European cash equities in 2013, according to data from Markit

Morgan Stanley has retained its position as the top-ranked broker of European cash equities by value traded, holding off competition from rivals Bank of America Merrill Lynch and UBS.

The US bank traded European equities worth €1.19 trillion on behalf of clients last year, according to figures released today by data provider Markit, up from €905 billion in 2012.

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