Wall Street and commodity risk - Morgan Stanley measure slips

(Reuters) - Morgan Stanley Inc's commodity trading risk measure, known as Value-at-Risk (VaR), fell to its lowest in at least three years in the quarter through June, the bank said on Wednesday, as the Wall Street bank reported higher commodities revenue. The bank's daily average VaR indicator was $10 million (£7.5 million) in the second quarter, down $1 million from the previous quarter and compared with $16 million a year earlier. The VaR is a risk-reward indicator that measures the comm