SMC: Adam Sarhan Interviewed Market Wizard Tony Saliba Part I

SMC: Adam Sarhan Interviewed Market Wizard Tony Saliba Part I.
  


Tony shares some great stories of how he got started in the
business, some timeless lessons he's learned along the way, how
he handles risk, and how he thinks about and makes every
decision.    


Tony Saliba (Industry Bio)  


A globally renowned business leader and entrepreneur, Anthony
Saliba is CEO and founder of Mercury Digital Assets, the leading
digital asset and cryptocurrency trading technology provider. He
is also the Vice Chairman of The Board of Managers Matrix
Executions, a U.S. broker-dealer.  His areas of expertise
include workflow automation for derivatives agency activities,
securities routing/execution, risk management, strategic
planning, electronic trading, and derivatives education.
  Saliba has been a pioneer in the trading industry for
four decades, beginning his career in 1979 at the Chicago Board
Options Exchange (CBOE), where he traded equity options as an
independent market maker. Later he traded most CBOE products,
currencies and the S&P 500 contracts on the Chicago
Mercantile Exchange, along with the agricultural and interest
rate products traded on the Chicago Board of Trade (CBOT). He
spent three years on the Board of Directors at CBOE and also
served for two years on the board of the Chicago Stock Exchange
(CHX) before its acquisition in 2018. In 2019, he was an
inaugural recipient of the U.S. Options Lifetime Contribution
Award, selected by the U.S. options exchanges and the Options
Industry Council (OIC).  Saliba was the only options trader
to be featured in “Market Wizards” (1989), the seminal book by
Jack Schwager, showcasing the world’s best professional traders.
He has also authored numerous books himself, including: “Managing
Expectations: Driving Profitable Option Trading Outcomes Through
Knowledge, Discipline, and Risk Management”(2017); “Options
Workbook”(2001); “Option Strategies for Directionless Markets:
Trading with Butterflies, Iron Butterflies, and Condors”(2008);
and “Option Spread Strategies: Trading Up, Down, and Sideways
Markets” (2009, with Karen E Johnson, and Joseph C Corona).
 Saliba has founded several successful companies over the
course of his career. These include: the International Trading
Institute, which built and delivered the first options simulator
and pioneered training for pro traders and market makers
worldwide; LiquidPoint, a trading platform, broker and solution
provider sold to ConvergEx for a mid-nine-figure sum; and
Efficient Capital Management, a premier managed futures firm. He
has invested in nearly 100 companies and continues to lend his
expertise and experience to a variety of firms today.  In
2019, Saliba was recognized by the U.S. options exchanges and the
OIC as one of the first recipients of the U.S. Options Lifetime
Contribution Award.  Saliba lives in Chicago, Illinois, and
holds a BS in Accounting from Indiana University - Bloomington.
 Learn more here: https://mercurydigitalassets.com/