Joe Corona is a veteran trader, industry strategist and software and brokerage executive who is the chief strategy officer of Matrix Executions, an agency broker on all US options, equities, and futures exchanges.
Before joining Matrix Executions, Corona was director of strategic planning and product strategy for ConvergEx Options Trading and Technology, formerly known as LiquidPoint.
Corona has experience as a trader in both listed and over-the-counter derivatives markets. He has traded in the U.S., Europe and Asia. He is the co-author of two books on options trading; Option Spread Strategies, and Option Strategies for Directionless Markets. Corona is a longtime business associate and collaborator with Anthony Saliba.
Corona partnered with fellow trader Bruce Lawrence to create a trading group they later named "Meltdown Trading" after the 1987 stock market crash nearly bankrupted the trading group. Corona and Lawrence had a group of options traders in Chicago in the financial and agricultural markets. They also hired some off-the-floor traders in 1989, one of whom was John Lothian.
Meltdown Trading was backed by LIT America, which eventually reorganized and then shutdown the group after losses accumulated after the 1989-90 FBI investigation into the market cause volatility to drop and the group was impacted by some traders who bought long time-frame call options in the soybean market.
Corona is a graduate of Northwestern University in Evanston, IL, where he was a member of the football team.
Corona was interviewed at the 2022 Options Conference in San Antonio, Texas for the JLN Industry Leader video series.
Corona was interviewed for the Open Outcry Traders History Project in a two part interview.
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