Street Stories: Managed Futures
Tony Saliba is a trader featuerd in The New Market Wizards
Q. What led you to become a trader?
A. I was a caddy for some grain traders when I was in high school. In college, a friend of mine asked me if I would like to be a broker. I though that he meant doing the same thing as the guys I had caddied for. So, I said, Yes. Great! Where? Indianapolis, he answered. I said, What exchange is in Indianapolis? None, he said, you do it on the phone. I had this impression of: Hello New York, buy; Chicago, sell. When I got there, I found out I was a salesman. After a few months, I asked the guys in the office, Who makes all the money in this business? They said you have to be on the floor. Right there I decided to go to the Chicago Board Options Exchange. On the floor, I met one of the traders I had caddied for years ago, and he grubstaked me with $50,000.
The New Market Wizards by Jack Schwager
Anthony J. Saliba has been a pioneer and active participant in the Chicago derivatives markets for over 20 years. He holds exchange memberships on the Chicago Board Options Exchange (serving on the Board of Directors from 1987-1990), The Chicago Board of Trade, and the Chicago Mercantile Exchange. His list of current professional endeavors include: CEO of Saliba Portfolio Management, L.L.C., a portfolio management firm providing state-of-the-art investment enhancement techniques through the use of derivatives; Founding Member of Saliba Partners, L.L.C. an options trading firm on the floor of the CBOE; Chairman/Founder of International Trading Institute, Ltd., an internationally renowned derivatives training institution; and Founder/Partner, First Traders Analytical Solutions, N.A., a system solution provider for front and middle office trading, pricing and risk-management systems for the electronic trading of options.
