Axioma Forms Strategic Alliance With Morgan Stanley
Strategic alliance combines Morgan Stanley’s industry-leading trading
solutions with Axioma’s state-of-the-art optimization software
NEW YORK, October 25, 2002 – Axioma Inc., a leading provider of optimization
software, has entered into a strategic agreement with Morgan Stanley (NYSE:
MWD) to provide solutions for portfolio management in the financial services
industry. Morgan Stanley chose to partner with Axioma after an extensive search
for the fastest, most flexible software capable of handling the complex scenarios
that its clients encounter daily. The strategic alliance is coupled with an equity
investment in Axioma by Morgan Stanley.
As part of the alliance, Morgan Stanley’s structuring & execution services will be
bundled with Axioma’s premier decision support technology to form a brand new
solution for the asset manager. The offering will leverage Axioma’s market
leading portfolio optimization software PortfolioPrecision and will be available to
Morgan Stanley clients starting the fourth quarter, 2002.
The integration of portfolio management and trading, one of the biggest open
challenges for the asset management community, is mathematically complex,
operationally difficult, and can significantly enhance investment performance.
Axioma's optimizer helps portfolio managers identify and execute a set of
transactions that best matches the tradeoffs between expected return and trading
impact for each portfolio.
“We are delighted to be working with a market leader like Morgan Stanley,
providing their clients with the ability to make more efficient investment decisions
and ultimately, to achieve better returns,” said Sebastián Ceria, President and
CEO of Axioma, Inc. “By entering into an operating alliance as well as investing
in the future of our company, Morgan Stanley has given our technology a strong
vote of confidence.”
Axioma’s Chairman Bill Guttman added, "Joining Morgan Stanley’s trading
expertise and industry leadership with Axioma's groundbreaking portfolio
optimization technology answers the question: What's the next frontier in a fully
integrated software solution for asset management?"
About Axioma: Axioma Inc. provides optimization-based decision-support software and
consulting services to the financial industry. The culmination of more than a decade of
optimization research and development experience, Axioma's offerings blend cuttingedge
optimization technology with expert consulting services to deliver results-driven
client solutions. For more information about Axioma and decision-support solutions for
the financial services industry, please call (800) 558-7983 or visit the company's Web
site at www.axiomainc.com.
About Morgan Stanley:
Morgan Stanley (NYSE: MWD) is a global financial services
firm and a market leader in securities, asset management and credit services. With
more than 600 offices in 28 countries, Morgan Stanley connects people, ideas and
capital to help clients achieve their financial aspirations.
