American conservative and businessperson
Anthony "Tony" J. Saliba (born May 5, 1955) is a trader, author, and entrepreneur in Chicago, Illinois, who currently serves as CEO of Liquid Mercury, Vice Chairman of The Board of Managers at Matrix Executions, CEO of Option Technologies Solutions International, and Founder and CEO of Fortify Technologies.
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Early life and education
Saliba grew up in the Chicago area. He attended Highland Park High School in Highland Park, Illinois, where he competed in wrestling, track, and cross country, edited the school newspaper, and graduated in 1973. His interest in trading began in high school when he caddied for grain traders.
In 1977, he graduated as an Evans Scholar at the Kelley School of Business at Indiana University with a B.S. in accounting.
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 were 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 more than 30 years.
In 1991, Saliba founded Salibaco, LLC, a floor based options trading company that trained and financially backed young traders.
In 1992, Saliba founded his first company, First Traders Analytical Solutions, LLC,[4] to provide options traders with technological solutions to route and execute trades.
In 1999, Saliba founded and served as CEO of LiquidPoint,[5] a trading platform, broker and solution provider that sold to Convergex Group, LLC for a mid-nine-figure sum in 2007. He was made executive managing director of Convergex after the acquisition until 2014. 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.
In 2018, Saliba founded and is CEO of Liquid Mercury, a sister company of Matrix Executions. It is a hybrid that handles OTC (high-tough) cryptocurrency execution.
He served on the board of the Chicago Stock Exchange (CHX) from 2016 until 2018.[10]
Saliba served as CEO of Matrix Execution Technologies and currently serves as the Vice Chairman of the Board of Managers since 2022. .[11] Matrix Executions, which formed as a joint venture with Investment Technology Group (ITG), was created as an agency broker-dealer and trading technology provider in 2018. [12]
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Saliba is a board member of the advisory committees of the Reagan Legacy Foundation, The Heritage Foundation,[14] and The American Spectator magazine, and was previously an adviser to the Gary Sinise Foundation.[15]
He is a co-owner of the Elite Football League of India[16] and director of the Western Golf Association's Evans Scholars Foundation,[17] which awards college scholarships to caddies from modest means.
He is listed as a board trustee of the Project 2025 political movement.5
Books (selection)
- Managing Expectations: Driving Profitable Option Trading Outcomes Through Knowledge, Discipline, and Risk Management (2016)[18]
- Option Spread Strategies: Trading Up, Down, and Sideways Markets (2009)[19]
- Option Strategies for Directionless Markets: Trading with Butterflies, Iron Butterflies, and Condors (2008)[20]
References
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