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.

Early life and education

Saliba grew up in the Chicago area. He attended Highland Park High School in

Highland Park, Illinois Highland Park is a suburban city located in the southeastern part of Lake County, Illinois, United States, about north of downtown Chicago. Per the 2020 census, the population was 30,176. Highland Park is one of several municipalities located o ...

, where he competed in wrestling,

track Track or Tracks may refer to: Routes or imprints * Ancient trackway, any track or trail whose origin is lost in antiquity * Animal track, imprints left on surfaces that an animal walks across * Desire path, a line worn by people taking the shorte ...

, and cross country, and edited the school newspaper, and graduated 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 B.S. in accounting in 1977.

Career

Saliba began his career as a stockbroker at a small firm in

Indianapolis Indianapolis (), colloquially known as Indy, is the state capital and most populous city of the U.S. state of Indiana and the seat of Marion County. According to the U.S. Census Bureau, the consolidated population of Indianapolis and Marion ...

, 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, 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., 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, 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, 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, a CBOE options trading firm. He also founded Efficient Capital Management, 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. In 2015, he founded Saliba Venture Management, LLC (Saliba Ventures), which offers finance, strategy, and product consulting services. He served on the board of the

Chicago Stock Exchange NYSE Chicago, formerly known as the Chicago Stock Exchange (CHX), is a stock exchange in Chicago, Illinois, US. The exchange is a national securities exchange and self-regulatory organization, which operates under the oversight of the U.S. Sec ...

(CHX) from 2016 until 2018. Saliba has served as CEO of Matrix Execution Technologies since 2017. Matrix Executions, which formed as a joint venture with

Investment Technology Group Investment Technology Group, Inc. was a United States-based multinational agency brokerage and financial markets technology firm aimed at a hedge fund and asset management clientele. One of the first suppliers of electronic trading services, IT ...

(ITG), was created as an agency broker-dealer and trading technology provider in 2018.

Personal and outside interests

Saliba is a board member of the advisory committees of the Reagan Legacy Foundation, The Heritage Foundation, and '' The American Spectator'' magazine, and an adviser to the Gary Sinise Foundation. He is a co-owner of the Elite Football League of India and director of the Western Golf Association's Evans Scholars Foundation, 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) *''Option Spread Strategies: Trading Up, Down, and Sideways Markets'' (2009) *''Option Strategies for Directionless Markets: Trading with Butterflies, Iron Butterflies, and Condors'' (2008)

References

{{DEFAULTSORT:Saliba, Anthony 1955 births Living people American businesspeople American writers Highland Park High School (Illinois) alumni Indiana University alumni People from Highland Park, Illinois The Heritage Foundation