Credit Morgan Stanley, the derivatives business, in particular, its collateralized debt obligations (CDO) business has been extremely successful. One of its main proposals is TRAC-X product designed and marketed jointly by Morgan Stanley and JP Morgan. However, a new competitor, iBoxx, entered the picture, offering a similar product synthetic CDO. Lisa Watkinson at Morgan Stanley must now decide how to respond to this new challenge. "Hide
by George Chacko, Vincent Dessain, Anders Sjoman, Leonie Maruani Source: Harvard Business School 13 pages. Publication Date: March 1, 2005. Prod. #: 205075-PDF-ENG
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