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"The merger will establish a more competitive bank with larger assets, a stronger capital base and improved liquidity," an official statement said.
Exchange operators have been seeking to merge in recent years in an effort to give investors faster transactions and improved liquidity.
The credit rating agency also gave Morgan Stanley credit for some of the recent changes to its business mix, saying "its reduced risk appetite, improved liquidity profile and stronger capital position" factored into its rating.
Algorithmic trading and high-frequency trading (HFT), virtually unknown until about six years ago, now account for almost 70% of the flow of orders on the main exchanges.The rise of HFT and algorithmic trading has improved liquidity in most big and highly traded stocks as well as in frequently traded currency pairs in foreign-exchange markets.
Ad exchanges have improved liquidity in the ad buying process.
Corporates told Nordea they would like instant account opening with KYC and improved liquidity planning.
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To improve liquidity, ITV also secured a £200m financing facility.
Some molecules are even given little branches, like twigs, to improve liquidity.
In other developments yesterday, the Federal Reserve injected $41 billion into the financial system to improve liquidity.
They enable firms to boost their revenue and profit streams and improve liquidity at low risk.
What they do is legal and can improve liquidity in share transactions.
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