No Trust in the 'Futures,' Morgan Stanley Plays Mr. Fix It, Technology Bugs and More Quotes of the Week

Morgan Stanley officials vowed this week to fix the technology systems for the company's brokerage sales force, while the Peregrine and MF Global debacles have industry leaders losing faith in the futures industry. Plus, JPMorgan's new chief investment officer hopes for a return to a sense of normalcy at the firm after its own debacle.

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2. Tech Fail

The problem is that this thing just doesn't work.

— a Morgan Stanley brokerage executive told the FOX Business Network, referring to the technology system for the brokerage sales force. It has so many glitches that brokers can’t sign up new clients, according to FBN.

Source: Morgan Stanley Working to Stem Broker Revolt

Greg MacSweeney is editorial director of InformationWeek Financial Services, whose brands include Wall Street & Technology, Bank Systems & Technology, Advanced Trading, and Insurance & Technology. View Full Bio

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