EUROPE - Ian Forrest is to head MTS Money Markets in response to robust growth of its repo market.
Previously, Forrest was the founder of Treasury Dealer, an electronic dealer-to-client platform for money market products. Before that he was co-head of European treasury at BNP Paribas in London after having managed BNP's international repo desk.
Forrest has also headed the securities lending trading desk for JPMorgan in London and headed international fixed-income for James Capel & Co.
“Going forward, MTS will offer a much broader spectrum of money market products, either through our own development or through strategic alliances with existing markets, boosting the opportunities for clients to realise truly transparent, efficient trading of these markets,” said Forrest.
“We will also work closely with clearing and settlement institutions to bring clients the most efficient, cost-effective transactions.”
MTS is a European electronic market for fixed-income securities with average transaction volumes of e70bn per day.
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