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MSUSA is registered as a Broker-Dealer with the U.S. Securities and Exchange Commission and a Futures Commission Merchant with the U.S. Commodity Futures Trading Commission. We are members of the Financial Industry Regulatory Authority and the National Futures Association. Our London office is regulated by the U.K. Financial Services Authority.

MSUSA is a member of or has access to most major domestic and international futures exchanges. MSUSA also is a member of the NASDAQ and BATS exchanges. MSUSA is a Primary Dealer in U.S. Government securities and, as such, participates in the Federal Reserve Bank of New York open market operations and in auctions of U.S. Treasury securities.

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