Subordinated Trading Assets
Current AssetsMorgan Stanley Subordinated Trading Assets decreased by 11.2% to $12.18B in Q4 2025 compared to the prior quarter. Over 3 years (FY 2022 to FY 2025), Subordinated Trading Assets shows relatively stable performance with a -0.1% CAGR.
Analysis
StatementBalance Sheet Statement
SectionCurrent Assets
CategoryRisk
SignalContext dependent
VolatilityVolatile
First reportedQ4 2024
Last reportedQ3 2025
How to read this metric
An increase suggests higher market-making activity or risk exposure, while a decrease may indicate a reduction in trading inventory or risk appetite.
Detailed definition
Subordinated trading assets consist of financial instruments held for market-making and trading purposes that have a low...
Peer comparison
Standard for global investment banks; peers report similar trading asset categories based on liquidity and seniority.
Metric ID:
trading_assets_subordinatedHistorical Data
4 periods
| Q4 '22 | Q4 '23 | Q4 '24 | Q4 '25 | |
|---|---|---|---|---|
| Value | $12.20B | $12.37B | $13.71B | $12.18B |
| QoQ Change | — | +1.4% | +10.9% | -11.2% |
| YoY Change | — | +1.4% | +10.9% | -11.2% |
Range$12.18B – $13.71B
Avg YoY Growth+0.4%
Median YoY Growth+1.4%
Subordinated Trading Assets at Other Companies
Frequently Asked Questions
- What is Morgan Stanley's subordinated trading assets?
- Morgan Stanley (MS) reported subordinated trading assets of $12.18B in Q4 2025.
- What is the long-term trend for Morgan Stanley's subordinated trading assets?
- Over 3 years (2022 to 2025), Morgan Stanley's subordinated trading assets has grown at a -0.1% compound annual growth rate (CAGR), from $12.20B to $12.18B.
- What does subordinated trading assets mean?
- Financial instruments held for trading that have a lower priority of claim.