MarketAxess adds Ito to its repo team 14 July 2022US Reporter: Carmella Haswell
Image: MarketAxess
MarketAxess has expanded its US repo expertise with the addition of Steve Ito to its sales and business development repo team.
Ito will work alongside the firm’s US repo community across the buy- and sell-side to deliver workflow solutions in repo post-trade.
He joins MarketAxess’ New York office from an analyst position at Norges Bank Investment Management, where he held this role between 2018 and 2022.
Speaking on the announcement, Colleen Stapleton, product manager of match products, cash and repo, says: “We are excited to welcome Steve to the New York repo team and the post-trade solutions team more broadly. He will be working directly with me to build on the strong growth we have seen over the last couple of years following our US expansion.
“In the last two years alone, our matched US treasury volume has increased more than 550 per cent. This clearly demonstrates the need and desire for repo post-trade automation and MarketAxess post-trade repo is at the forefront of moving this market towards straight-through-processing.”
Ito adds: “I am thrilled to be joining the MarketAxess post-trade repo team at what is an exciting time for the business as it looks to expand its footprint in the US.
“I look forward to working closely with MarketAxess’ clients and to help them navigate the demand of matching repo transactions as close to execution as possible.”
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Image: MarketAxess 