MORGAN STANLEY

CUSIP: 617480280 Class: SHRT EUR ETN20

Tower Research Capital LLC (TRC)'s Holding History (CIK: 0001533421)

Note: Option positions (PUT/CALL) are excluded.

Q4 2015
Shares 12 Value ($000) $1 Avg Close — Range —
Q4 2014
Shares 200 Value ($000) $10 Avg Close — Range —
Q1 2014
Shares 800 Value ($000) $31 Avg Close — Range —
Q4 2013
Shares 583 Value ($000) $22 Avg Close — Range —