ITG Names T Kelley Millet to Its Board of Directors

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 and research broker ITG, has appointed acting CEO, Vice Chairman and Treasurer of Banca IMI Securities, T Kelley Millet to its Board of Directors, following a similar role at MarketAxess Holdings.

Mr. Millet will now be grappling with his role at Banca IMI Securities as well as ITG’s new board, a role he should be accustomed to – from 2006-2011, he also was acting President and Board member at MarketAxess Holdings. Before his time at MarketAxess, Mr. Millet also served in a variety of executive management roles at Bear Stearns and JPMorgan.

According to Bob Gasser, ITG Chief Executive Officer and President, in a statement on the appointment, "My colleagues and I are excited to welcome Kelley to ITG's Board of Directors. His deep industry knowledge, particularly in fixed income, will make him a valuable contributor to ITG's Board. We look forward to leveraging his expertise."

"ITG is well known for its innovative, unconflicted approach to partnering with institutional investors. I look forward to working closely with ITG's management and Board of Directors as the firm builds upon its success in 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 and expands into fixed income and other asset classes," added Mr. Millet in an accompanying statement.