No, that's wrong Sunlover. Read up on Dodd Frank and why MS and any US regulated bank (Citi, GS, MS, JPM, BAML) are heavily restricted in what they can and cannot do in their own name UNLESS it's facilitation (whuch has strict rules) of if they are holding and booking on swap to a customer.
This MS paranoia is rubbish.....why would they choose to trade TTB which averages 4.5mm shares/day (call it $200k)? There is no logic to it whatsoever, the substantial shareholder notices just fuel the fire. They would have to be on the right side of ever trade, every day to make it work, and I'm sure they are other names in Australia/Asia/Globally + in deriv land they could make more than is possible by flipping TTB.
Disc: I am absolutely not associated with MS or in fact any US bank....but I do know how swaps, HFT, Abr and Primebrokerage work and a bit about Dodd Frank too.
Bring on the IBM news.....at least that will be real.
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