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OverviewVenuesMS TRAJECTORY CROSS (ATS-1)

MS TRAJECTORY CROSS (ATS-1)

MORGAN STANLEY & CO. LLC ATS (MS TRAJECTORY CROSS)

ATS● ACTIVE
SOPHISTICATED DARK POOL
CONTSSEGPMDTRTH

MARKET STRUCTURE

Continuous Midpoint

INNOVATION

Tier 2 · Sophisticated Segmentation

PRIORITY

Price-Mkty-Duration-Time

TEMPORAL

Regular Trading Hours

PLATFORMSelf-built

SEGMENTATION METHODOLOGY

Price-Marketability-Duration-Time (PMDT) priority; unique trajectory-based matching aligns with algorithmic order execution curves

STRUCTURAL DETAIL

PMDT priority is unique in the ATS ecosystem; matches orders based on market price trend alignment and duration willingness in addition to standard price-time

MPID

MSTX

conf: 1.00 · FINRA_ATS_ISSUE

CIK

0000068136

conf: 1.00 · MANUAL

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AFFILIATED_BDMS POOL (ATS-4)
AFFILIATED_BDMS RPOOL (ATS-6)