ITG Appoints Michael Onofrio as a US Electronic Coverage Team Director

ITG, a technological trading solution provider and independent Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term brokerage, has tapped industry veteran Michael Onofrio as director of the United States Electronic Coverage team in New York. Mr. Onofrio’s most recent role was Executive Director of JP Morgan’s European Equities Equities Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Read this Term Electronic Coverage team in EMEA, based in London, England.

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Michael Onofrio has ten years of experience in the financial industry, most of which were dedicated to JP Morgan. According to his LinkedIn profile, Mr. Onofrio held his former position for four and a half years, starting in February 2013. Before joining this team, he served as the Vice President of Electronic Trading for nearly five years starting in June 2008 at the company’s office in New York. Mr. Onofrio also worked as an Analyst at Bear Sterns and Company between June 2007 and June 2008.

He has a bachelor’s degree in finance from Penn State University, which is located in Pennsylvania, United States.

In May, ITG tapped John Emmert and Sean O’Meara as Directors of the company’s New York team. Mr. Emmert has been appointed as Director of the Global Portfolio Trading team, while Mr. O’Meara has been secured as Director of ETF Trading US. Both men are industry veterans, with thirty-four years of experience between them.

In addition, ITG revealed its plans to assist in deploying conditional orders for POSIT Alert in Europe while the trading industry awaits the upcoming MiFID II legislation.