At Daniels Trading, we focus on building trusting relationships with our clients. We believe one of the best ways for you to establish trust with your broker is to learn more about him or her! In our “Get to Know Your Broker” series, we will provide you with insight into the lives of our brokers, from their backgrounds and career paths in trading to their personal favorites and hobbies.
Introducing Matt Vitiello
Why did you become a futures & options broker?
The world of trading has always interested me. My mother worked in member services on the floor of the CME before I was even born, and my uncle was always involved in trading. I was introduced to trading before I even understood it. When I had the opportunity to take the Series 3 and make the leap from the banking industry in 2008, I went for it.
How has your background/personality influenced your broker style?
I try to communicate with and treat my clients the way I would like to be treated if I was a customer. I always try to talk straight with them and put myself in their shoes during any type of situation.
What are your primary strengths as a broker?
My primary strength as a broker is that I know the technology that we have available and can help clients or newcomers get comfortable with it. In addition, I know when to step in and provide my two cents on a subject when I think it is relevant. I’m informative, and I care about my clients’ positions so they know I’ve got their backs.
What are your favorite markets?
I don’t necessarily have favorite markets, if a trade makes sense from a technical and fundamental standpoint, I say go for it.
What are your favorite types of trades or strategies?
One of my favorite kinds of trades is seasonal futures spreads. Anytime you have a pattern that tends to reoccur year after year, I think that can be a great starting point to take advantage of in the futures or commodity markets.
What advice do you tell new clients?
I remind them that this is their trading account; and as far as our professional relationship, I want them to be vocal about how they want the arrangement/relationship to work. If they want me to do something or not do something, tell me and I’ll make it happen as long as it is possible/reasonable. They have the ability or authority to trade anything they want – I’m there to help with execution and manage risk on trades by keeping a pulse on what is going on with positions/trades they have on.
What is the most under-utilized brokerage service?
I think the most under-utilized brokerage service or resource is our mobile trading application. These days, most folks have a smartphone or a tablet, and our mobile application is great whether you are executing trades on it or just following the markets.
What is the key to being a good broker?
Communication. Over-communicate if possible. Make sure your message or information gets across and that you are always on the same page with the client.
What do you like the most about your job?
You get to see how real-time news/events affect the markets. That and interacting with all types of people on a daily basis – every day is unique.
What are your hobbies or what do you do on your leisure time?
I love sports. Chicago sports teams specifically. My family has had season Chicago Bears tickets since I was kid and I try to go to as many Chicago Bulls games as I can.
What is your favorite vacation spot?
Mexico. I think I’ve been there 15+ times – Puerto Vallarta, Acapulco, Cancun, Riviera Maya – I always have a great time!
Can you change a tire?
Can I? Yes.
Will I? That’s the better question.
Do you have any unique talents?
My random talent that most people may not know is that I can draw pretty well. I have never taken an art lesson and I have a natural talent to be able to draw almost anything if you give me a picture of it to replicate.
Do you prefer Chicago style or New York style pizza?
Chicago all day.
This material is conveyed as a solicitation for entering into a derivatives transaction.
This material has been prepared by a Daniels Trading broker who provides research market commentary and trade recommendations as part of his or her solicitation for accounts and solicitation for trades; however, Daniels Trading does not maintain a research department as defined in CFTC Rule 1.71. Daniels Trading, its principals, brokers and employees may trade in derivatives for their own accounts or for the accounts of others. Due to various factors (such as risk tolerance, margin requirements, trading objectives, short term vs. long term strategies, technical vs. fundamental market analysis, and other factors) such trading may result in the initiation or liquidation of positions that are different from or contrary to the opinions and recommendations contained therein.
Past performance is not necessarily indicative of future performance. The risk of loss in trading futures contracts or commodity options can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results.
You should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources. You should read the "risk disclosure" webpage accessed at www.DanielsTrading.com at the bottom of the homepage. Daniels Trading is not affiliated with nor does it endorse any trading system, newsletter or other similar service. Daniels Trading does not guarantee or verify any performance claims made by such systems or service.