Employees of Process Driven Trading agreed to acquire certain assets of Process Driven Trading from Morgan Stanley (NYSE:MS) on January 10, 2011. An independent advisory firm to be named PDT Advisors will be launched at the end of 2012. The full Process Driven Trading team, which comprises approximately 60 employees globally, will join the independent firm.

Employees of Process Driven Trading completed the acquisition of certain assets of Process Driven Trading from Morgan Stanley (NYSE:MS) on January 1, 2013.