Morgan Stanley Commodities was named Best Global Commodities House by Euromoney magazine at their 2009 Awards for Excellence dinner in London on July 8.

Euromoney cited Morgan Stanley for its combination of experience, long-term relationships with clients and its physical trading and financing capacity during a year of unprecedented commodity-price-volatility.

"Morgan Stanley's long-term relationships in commodities have given it trust from its client base," the editors noted. "It has a more established, tight-knit team, and a physical trading capacity it has been building for a quarter of a century. Over the past 12 months, these qualities were vital."

This award follows a series of accolades from Energy Risk magazine which include:

Structured Products House of the Year 2009

#1 Dealer Overall in 2009

#1 Dealer in the 15-Year Rank of Rankings

In its write up, Euromoney acknowledged Morgan Stanley for its ability to combine trading capacity with the power to provide credit, "something other banks have had to forgo, even as clients were needier than ever," the editors wrote.