Morgan Stanley president Kelleher says trading activity has improved

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Morgan Stanley president Colm Kelleher said trading activity for the first three months of the year has felt "slightly better" than the end of 2016.

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Kelleher, speaking at a European financials conference on Tuesday, said bond trading is "doing well" while client volumes in stock trading are down across Wall Street.

(Reporting by Olivia Oran in New York; Editing by Chizu Nomiyama)