Morgan Stanley, the Wall Street bank with the biggest trading-revenue increase last quarter, lost money in that business on eight days in the period, down from 31 days a year earlier.
Traders generated more than $100 million on nine days in the period, compared with two days in the third quarter of 2011, the New York-based company said yesterday in a regulatory filing. None of the daily losses exceeded the banks so-called value-at-risk, an estimate of potential trading losses.
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