Morgan Stanley's online trading system for wealthy clients is down

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Morgan Stanley's online trading system for wealthy clients is down
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, one of the world's biggest wealth managers, said its online trading portal for wealthy clients went down on Wednesday.

, one of the world's biggest wealth managers, said its online trading portal for wealthy clients went down on Wednesday.

The bank's message for clients was to call a service representative to place trades, rather than using the company's website. A spokeswoman for the New York-based firm declined to immediately comment. Retail brokerages have suffered sporadic outages this month amid unprecedented volatility and volume in markets amid the coronavirus crisis. Most notably, free-trading pioneer Robinhood wasWhen Morgan Stanley announced last month it was

for $13 billion in stock, part of the rationale for the deal was to acquire the company's retail trading technology.

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