Anthony Saliba

Anthony "Tony" J. Saliba (born May 5, 1955) is a trader, author, and entrepreneur based out of Chicago, Illinois. He currently serves as CEO of Matrix Holding Group, Mercury Digital Assets, Option Technology Solutions, and Fortify Technologies. [1]

Early Life & Education

Saliba grew up in the Chicago area. He attended Highland Park High School, where he competed in wrestling, track, and cross country, and edited the school newspaper, graduating in 1973. His interest in trading began in high school when he caddied for grain traders. He graduated as an Evans Scholar from Indiana University's Kelley School of Business with a BS in Accounting in 1977.

Career

Saliba began his career as a stockbroker at a small firm in Indianapolis, Indiana in 1977. In 1979, after learning about the opportunities that existed in options trading, he became a clerk at the Chicago Board Options Exchange (CBOE). After a few months of clerking, a chance encounter on the floor with a trader who he had once caddied for sparked a fateful partnership. The terms of their agreement we simple: Saliba contributed his now-extensive trading knowledge while his acquaintance provided $50,000 in capital. Saliba was soon able to buy out his partner and began building his own trading network. By 1987, he was a director on the CBOE board with 27 traders working for him. In 1989, Saliba was the only options trader profiled in Jack Schwager’s Market Wizards,[2] a classic trading book that features interviews with exceptionally successful traders. He served on CBOE’s Board of Directors until 1990.

In 1989, he founded International Trading Institute, Ltd.,[3] a training institution for derivatives traders that built and delivered the first options simulator and pioneered training professional traders and market makers worldwide, and has continued to do so for 30 years.

Saliba founded his first company, First Traders Analytical Solutions,[4] LLC, in 1992 to provide frontend and backend technological solutions for options traders to route and execute trades.

In 1999 Saliba founded and ran LiquidPoint,[5] a trading platform, broker and solution provider that sold to Convergex Group, LLC for a mid-nine-figure sum. He was made executive managing director of Convergex after the acquisition. He is a founding member of Saliba Partners, LLC,[6] a CBOE options trading firm. He also founded Efficient Capital Management,[7] a portfolio investment firm, in 1999.

In 2011, he founded Fortify Technologies, a firm that operates outside of the trading industry. In 2014, he made an overseas investment by purchasing the Lough Erne Resort in Belfast, Northern Ireland.[8] In 2015, he founded Saliba Venture Management, LLC (Saliba Ventures),[9] which offers finance, strategy, and product consulting services.

He served on the board of the Chicago Stock Exchange (CHX) from 2016 until 2018.[10]

Saliba has served as CEO of Matrix Execution Technologies since 2017.[11] Matrix, which formed as a joint venture with Investment Technology Group (ITG), was created as an agency broker-dealer to “serve the needs of both the buy and sell-side institutional trading communities, retail investors, exchanges and market makers via industry-leading front-end EMS capabilities, advanced algorithms, and low-latency routing technology.” [12]

Personal & Outside interests

Saliba is a board member of the advisory committee at the Reagan Legacy Foundation, the Heritage Foundation,[13] and the American Spectator Magazine. as well as adviser to the Gary Sinise Foundation.[14]

He is also co-owner of the Elite Football League of India[15] and director of the Western Golf Association’s Evans Scholars Foundation,[16] which awards college scholarships to caddies from modest means.

Books

Saliba is the author of three books:

Managing Expectations: Driving Profitable Option Trading Outcomes Through Knowledge, Discipline, and Risk Management (2016)[17]

Option Spread Strategies: Trading Up, Down, and Sideways Markets (2009)[18]

Option Strategies for Directionless Markets: Trading with Butterflies, Iron Butterflies, and Condors (2008)[19]

References
  1. "Tony Saliba". Bloomberg. Retrieved 7 August 2019.
  2. "Market Wizards". Good Reads. Retrieved 7 August 2019.
  3. "Tony Saliba". Linkedin. Retrieved 7 August 2019.
  4. "First Traders Analytical Solutions". Bloomberg. Retrieved 7 August 2019.
  5. "LiquidPoint". Bloomberg. Retrieved 7 August 2019.
  6. "Saliba Partners LLC". Broker Check. FINRA. Retrieved 7 August 2019.
  7. "About Us". Efficient Capital Management. Retrieved 7 August 2019.
  8. "Why a Chinese bid to buy Chicago Stock Exchange stirs security fears". Belfast Telegraph. Retrieved 7 August 2019.
  9. "Saliba Ventures". Saliba Ventures. Retrieved 7 August 2019.
  10. "Why a Chinese bid to buy Chicago Stock Exchange stirs security fears". Washington Post. Retrieved 7 August 2019.
  11. "Matrix Executions Launches". Markets Media. Retrieved 7 August 2019.
  12. "Matrix Announces the Launch of Matrix Executions Combining Best in Class Assets from Option Technology Solutions and ITG Derivatives". Cision. Retrieved 7 August 2019.
  13. "Anthony Saliba". Heritage Foundation. Retrieved 7 August 2019.
  14. "Anthony Saliba". Gary Sinise Foundation. Retrieved 7 August 2019.
  15. "Anthony Saliba". CrowdFunder. Retrieved 7 August 2019.
  16. "Anthony and Moira Saliba". Inside Philanthropy. Retrieved 7 August 2019.
  17. "Managing Expectations: Driving Profitable Option Trading Outcomes Through Knowledge, Discipline, and Risk Management". Amazon. Retrieved 7 August 2019.
  18. "Option Spread Strategies: Trading Up, Down, and Sideways Markets". Amazon. Retrieved 7 August 2019.
  19. "Option Strategies for Directionless Markets: Trading with Butterflies, Iron Butterflies, and Condors". Amazon. Retrieved 7 August 2019.
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