Chatting with Tony Saliba: Exchanges, Internalization & Payment for Order Flow Discussed
Traders Magazine, September 2005
Tony Saliba, the founder of many trading enterprises, is an options business legend. He began as a one-lot trader at the CBOE in 1978. Today Saliba heads two firms that offer execution and analytical software services, First Traders Analytical Solutions and LiquidPoint. The latter is a brokerage firm with access to all exchanges and a presence on the floor of both the CBOE and the AMEX. Saliba made his mark negotiating volatile markets until 1991. He tried software development in the area of training traders about options. Saliba then went into software development at the point of execution. That led him to consult on the launch of electronic trading at seven options exchanges. They include exchanges in Frankfurt (DTB, now Eurex), Austria (OTOB) and Milan (IDEM). Traders Magazine columnist Mark Longo asked Saliba about the options industry.
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