Today’s guest is Jorge Soltero who is currently living in Puerto Rico. He started out as a floor trader Chicago, trading options. After a few years, he landed a job at Hull Trading. If you don’t know, this is the firm owned by the Blair Hull, a legendary trader.
After Goldman Sachs bought Hull Trading in 1999, Jorge became an institutional trader. He still worked at Goldman, then moved onto UBS and Merrill Lynch. It was there he specialized in options and ETFs.
When listening to this episode, you’ll learn about the culture of trading pits. You’ll also learn other things, including what it was like to be a trader during Jorge’s time at Hull trading and what makes ETFs so attractive.
This was a wonderful, and I hope you enjoy listening to it.
What’s Covered in This Interview:
- How Jorge become a options floor trader coming as a philosophy graduate.
- What Jorge says it was like to work with your direct competition and how physical the business actually is.
- Jorge’s experience with Hull Trading – including the blackjack influence on trading models, focusing on technology and team building.
- How Jorge made the transition from being a floor trader to working behind a screen after moving onto Goldman Sachs. He also dives deep into why some traders weren’t able to adapt.
- What institutional traders can teach retail traders.
- How after leaving a trading desk at Merrill Lynch helps him approach markets now.
- Why ETFs are attractive for traders and investors. Jorge talks about some things people need to be aware of if you’re new to the space, including how management fees work.
Links and Resources:
- EP 085: Blair Hull
- EP 109: Edward Thorp
- The New Market Wizards
- A Man for All Markets
- Beat the Dealer
- @El_9uapo – Follow Jorge on Twitter
- ETF.com – A great website to learn about ETFs
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