Pete Najarian

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Pete Najarian
Pete Najarian.JPG
Occupation Co-Founder
Employer Najarian Advisors
Location Connecticut
Twitter @petenajarian
Website www.najarianfamilyoffice.com

Pete Najarian is a professional investor, trader, former professional football player, exchange member, CNBC personality, television market analyst and co-founder of Najarian Advisors, a financial managment firm.[1] He is a contributor on CNBC television's Fast Money show.[2] He also contributes to CBOE-TV, the exchange's popular webcast.

Background

Najarian grew up in Minnesota, and is the son of the famous transplant surgeon John Najarian, and one of four brothers. Najarian, who looks very similar to his brother Jon, is a former professional football player whose career included several seasons with the NFL's Tampa Bay Buccaneers and Minnesota Vikings.[3]

After his football career concluded, Najarian took up options trading in 1992, joining his brother, Jon ‘DRJ’ Najarian, at Mercury Trading, a market-making firm at the Chicago Board Options Exchange (CBOE). Two years later he assumed responsibility for Mercury's risk and arbitrage and later led its entry onto the New York Stock Exchange (NYSE).

He also led Mercury's joint venture with M.J. Meehan, the third largest specialist firm on the NYSE. From 2000 to 2004, Najarian served as president of Mercury, and helped execute its sale to Citadel, one of the world's largest hedge funds. During this period, Najarian chaired the exemption committee of the CBOE for three years and served as a floor official for eight terms.

Along with his brother, Jon Najarian, he founded an online brokerage called tradeMONSTER and optionMONSTER, a provider of market intelligence, commentary, and trading strategies for stock and option traders in October 2005. tradeMONSTER, an online options broker, was purchased by General Atlantic in June 2014 and then simultaneously merged with OptionsHouse.[4] The firm [5]

He was a founding member of OneChicago, an electronic exchange trading futures on individual stocks, narrow-based indexes, and ETFs. He is the co-founder of Hedgehog stock, options, and futures trading platform and together with brother Jon, co-developed the Heat Seeker™ and complementary programs for tracking unusual buying activity in stocks, options, and futures.

Education

Najarian graduated cum laude from the University of Minnesota with a degree in genetic engineering.[6]

References

  1. Our Team. Najarian Family Office.
  2. Top Trader Pete Najarian Joins CNBC’s “Fast Money”. CNBC.
  3. About optionMONSTER. optionMONSTER.
  4. Online brokerage launches into stormy seas. Crain's Chicago Business.
  5. A Chicago Startup that's no longer for sale. Crain's Chicago Business.
  6. Top Trader Pete Najarian Joins CNBC’s “Fast Money”. CNBC.