IBKR Podcasts

Tony Crescenzi, Executive Vice President, Market Strategist, and General Portfolio Manager for PIMCO in New York, discusses the role of bonds in an investor’s portfolio and their place in the investment universe. He is hosted by Interactive Brokers’ Andrew Wilkinson, Head of Investor Education, and Steve Sosnick, Chief Strategist. Note: Any performance figures mentioned in this podcast are as of the date of recording (March 15, 2023). DISCLOSURE: OPTIONS TRADING Options involve risk and are not suitable for all investors. For more information read the “Characteristics and Risks of Standardized Options” also known as the options disclosure document (ODD). To receive a copy of the ODD call 312-542-6901.Multiple leg strategies, including spreads, will incur multiple commission charges.

IBKR’s senior economist, Jose Torres, used to work at the FDIC. He offers helpful perspective about the ramifications of and reactions to the recent bank failures in this discussion with Andrew Wilkinson, IBKR’s director of education, and Steve Sosnick, its chief strategist

Mat Cashman, Principal of Investor Education at OCC joins IBKRs Senior Trading Education Specialist Jeff Praissman to discuss the history of options, the role of the Options Clearing Corporations plays in the industry, and recent volume trends. Sponsor Contact Information: For more free options education from The Options Industry Council (OIC), an industry resource provided by OCC, visit OptionsEducation.org. Have an options-related question? Contact the OCC Investor Education team at [email protected] or via live chat on OptionsEducation.org. Connect with OIC Instructor, Mat Cashman. DISCLOSURE: OPTIONS TRADING Options involve risk and are not suitable for all investors. Multiple leg strategies, including spreads, will incur multiple commission charges. For more information read the “Characteristics and Risks of Standardized Options” also known as the options disclosure document (ODD) or visit ibkr.com/occ

Sean McGovern, vice president of research at McAlinden Research Partners, returns to our series on agricultural commodities for a deep look into wheat futures and how the ongoing Russo-Ukrainian War has been affecting prices. Will Russia extend the upcoming deadline for the Black Sea Grain Initiative? And how will shipment pressures affect the likes of ADM, Bunge, and other companies in the grain industry ecosystem? Join us for a full rundown, complete with IBKR’s Jeff Praissman’s and Cassidy Clement’s stories of higher consumer costs, whether GMO wheat will disrupt traditional business, and ... whatever happened to the restaurants' bottomless bread basket? Note: Any performance figures mentioned in this podcast are as of the date of recording (February 16, 2023).

Hardman & Co. Economist Keith Hiscock discusses the plight of the UK economy in the aftermath of Brexit and considering global monetary policy tightening. Host Guillaume Roux Chabert digs for investing insight surrounding key British sectors of legal firms and real estate.

Sentiment to begin the week is dour, as interest rate traders have had a rethink about Chairman Powell’s assertion that policy tightening isn’t over just yet. Steve Sosnick and Jose Torres discuss with Andrew Wilkinson.

Find out what’s brewing in the coffee futures market with Sean McGovern, vice president of research at McAlinden Research Partners. We cover everything from Brazil’s weather to international trade to the Fed’s monetary policy to China’s Zero-COVID policies and more. Note: Any performance figures mentioned in this podcast are as of the date of recording (January 26, 2023).

While the FOMC continues its gentle tapping on the brakes, Rareview Capital’s CIO Neil Azous discusses recent signs of optimism for US stocks taking place earlier in January. Neil explains why disinflation is now more important for the US economy than recession talk. Sponsor Information: Email: [email protected] Web: www.rareviewcapital.com Note: Any performance figures mentioned in this podcast are as of the date of recording (January 26, 2023)

Jan Szilagi, CEO and founder of TOGGLE AI joins IBKR’s Senior Trading Education Specialist Jeff Praissman to discuss stock picking through a macro lens. Sponsor Contact Information: https://toggle.ai/ Note: Any performance figures mentioned in this podcast are as of the date of recording (January 10, 2023). DISCLOSURE: OPTIONS TRADING Options involve risk and are not suitable for all investors. Multiple leg strategies, including spreads, will incur multiple commission charges. For more information read the “Characteristics and Risks of Standardized Options” also known as the options disclosure document (ODD) or visit ibkr.com/occ

Technical Analysis is a discipline focused on price, volume, and other market data that allows traders and investors to better understand supply and demand relationships in real time. Tyler Wood, CMT chats with Interactive Brokers’ director of trading education Andrew Wilkinson about facts, and some myths, about technical analysis. TYLER WOOD, CMT Managing Director, CMT [email protected] Website: CMTAssociation.org CoHost of Fill the Gap

Todd Hawthorne of Frontier Alpha joins IBKR’s Senior Trading Education Specialist Jeff Praissman to discuss why the 60/40 classic allocation strategy is broken and how investors can use volatility to add yield and diversify their portfolio. Sponsor Contact information: [email protected] www.linkedin.com/in/TGH28 Note: Any performance figures mentioned in this podcast are as of the date of recording (December 15, 2022). DISCLOSURE: OPTIONS TRADING Options involve risk and are not suitable for all investors. Multiple leg strategies, including spreads, will incur multiple commission charges. For more information read the “Characteristics and Risks of Standardized Options” also known as the options disclosure document (ODD) or visit ibkr.com/occ

Andrew Wilkinson, IBKR’s director of investor education, discusses potential market drivers for early 2023 with his colleagues Steve Sosnick, chief strategist, and Jose Torres, senior economist. Note: Any performance figures mentioned in this podcast are as of the date of recording (January 10, 2023).

Will McBride and Dmitry Pargaminik, cofounders of Market Chameleon join IBKR’s Senior Trading Education Specialist Jeff Praissman to discuss what data points they look at when analyzing option volume trends and how to decipher the data. https://marketchameleon.com/ [email protected] Note: Any performance figures mentioned in this podcast are as of the date of recording (December 14, 2022). DISCLOSURE: OPTIONS TRADING Options involve risk and are not suitable for all investors. Multiple leg strategies, including spreads, will incur multiple commission charges. For more information read the “Characteristics and Risks of Standardized Options” also known as the options disclosure document (ODD) or visit ibkr.com/occ

Andrew Wilkinson, IBKR’s director of investor education, takes a look back at the best calls and key highlights of 2022 with his colleagues Steve Sosnick, chief strategist, and Jose Torres, senior economist. Note: This podcast was recorded on December 5, 2022.

Cecile Fleckten, IBKR’s senior director and head of ESG and sustainability, discusses many of the challenges the ESG investing framework has been facing, along with how recent regulatory developments have not only been tackling, but also unearthing, many of the controversies with which the discipline has been contending. What does ESG and sustainability have in store in 5-10 years? Find out in this timely podcast! Note: This podcast was recorded on November 16, 2022.

With the FOMC meeting dead-ahead, Rareview Capital’s CIO Neil Azous explains why he’s optimistic on the US economy in 2023 given progress the Fed has made towards stabilizing inflation. Sponsor’s website: https://rareviewcapital.com/

Andrew Wilkinson, Director of Trading Education, hosts IBKR’s December’s market and economic roundtable with Jose Torres, Senior Economist, and Steve Sosnick, Chief Strategist.

Joe Burke, IBKR’s head of fixed income, helps us arrive at a clearer picture of yield curve inversions, what they might mean, and their relationship with economic recessions. And now that the Federal Reserve’s tightening of monetary policy is well underway, what is the worst that can happen in the fixed-income markets, and how can investors prepare? Note: Any performance figures mentioned in this podcast are as of the date of recording (November 16, 2022).

Samantha LaDuc, founder of LaDuc Trading, joins Steve Sosnick, chief strategist, on a new edition of IBKR Podcasts to discuss volatility, skew, intermarket analysis and “short-termism” in equity markets.

As geopolitical tensions, and other challenging headwinds intensify, many in the market are shedding their exposure to China and looking more deeply at Asia’s diverse landscape. Matthew Appelstein, CEO of Americas and Head of International Distribution at Eastspring Investments, offers his insights into the region’s valuations, supply chain shifts, exports, and a host of other country-specific changes and opportunities for growth. Note: Any performance figures mentioned in this podcast are as of the date of recording (October 31, 2022).

Deborah Fuhr has watched the launch of ETFs since the industry began in the `90s. Today, Deborah keeps tabs on 10,652 products, 21,956 listings with assets of $9.1 trillion amongst 648 providers on 79 exchanges in 63 countries. Few industry watchers can claim to have her keen insight into the ETF world. Sponsor’s website: https://etfgi.com/ Twitter: @deborahfuhr @etfgi Note: Any performance figures mentioned in this podcast are as of the date of recording (September 30, 2022).

Andrew Wilkinson, IBKR’s director of education, discusses the state of the economy and markets ahead of the November FOMC meeting with Jose Torres, the firm’s senior economist, and Steve Sosnick, chief strategist.

Jan Szilagyi, CEO and co-founder of TOGGLE AI joins IBKR’s Senior Trading Education Specialist Jeff Praissman to discuss the evolution of the retail investor from passive to active over time and the factors that have contributed to this change. Note: Any performance figures mentioned in this podcast are as of the date of recording (September 28, 2022). DISCLOSURE: OPTIONS TRADING Options involve risk and are not suitable for all investors. Multiple leg strategies, including spreads, will incur multiple commission charges. For more information read the “Characteristics and Risks of Standardized Options” also known as the options disclosure document (ODD) or visit ibkr.com/occ

Off the Chain Capital’s President Brian Dixon sat down with Interactive Broker’s Andrew Wilkinson to discuss how to value Bitcoin as well as trends in energy impacting blockchain miners. Learn more at the sponsor’s website: https://offthechain.capital/ Note: Any performance figures mentioned in this podcast are as of the date of recording (September 21, 2022)

Andrew Wilkinson, IBKR’s director of trading education, sits down with Jose Torres, senior economist, and Steve Sosnick, chief strategist, to discuss last week’s employment statistics and the market’s reaction to them. Note: Any performance figures mentioned in this podcast are as of the date of recording (October 10, 2022).

Will we have enough nutritional resources to feed 10 billion humans by 2050? And is it safe? Find out more, as Christopher Gannatti, WisdomTree Europe’s head of research, talks with IBKR senior analyst Steven Levine about the growing field of bioengineering, and the influence it’s had on agriculture and the food supply. Note: Any performance figures mentioned in this podcast are as of the date of recording (September 12, 2022).

Kevin Davitt, Head of Index Options Content at Nasdaq, joins Steve Sosnick, Chief Strategist at Interactive Brokers, for a wide-ranging discussion about options, Nasdaq’s derivatives offerings and the key differences between index and equity/ETF products. Note: Any performance figures mentioned in this podcast are as of the date of recording (September 7, 2022). DISCLOSURE: OPTIONS TRADING Options involve risk and are not suitable for all investors. Multiple leg strategies, including spreads, will incur multiple commission charges. For more information read the “Characteristics and Risks of Standardized Options” also known as the options disclosure document (ODD) or visit ibkr.com/occ

Todd Hawthorne of Frontier Alpha Source Technologies joins IBKR’s Senior Trading Education Specialist Jeff Praissman to discuss the past, present and future impact Artificial Intelligence is having on the Investment Community. Note: Any performance figures mentioned in this podcast are as of the date of recording (September 14, 2022).

In this second part of the summer internship podcast series, IBKR’s senior market analyst Steven Levine engages three of the company’s interns about their aspirations, interests, and reasons for selecting the program. The result is a fascinating look at how the company’s hands-on projects benefit these interns’ longer-term goals, as well as illustrates what makes IBKR’s resources, and ultimately its operations, successful. This is a must-listen for anyone seeking an internship or applying to work at IBKR to get an inside feel for the firm’s rich culture, values, and career opportunities.

IBKR’s resources are key to maintaining the success of its business, and its internship program is one critical path towards identifying and recruiting the best candidates. Join us for the first installment of this two-part podcast series, as IBKR’s human resources and data management leaders provide their insights into the 2022 summer internship program, its record turnout, the recruitment process, the company’s culture, and much more! This is a must-listen for anyone seeking an internship or applying to work at IBKR.

Neil Azous of Rareview Capital explains the inevitable reality of how bond market participants price in interest rate cuts even before the Fed’s tough love for the market is done. Note: Any performance figures mentioned in this podcast are as of the date of recording (September 1, 2022). DISCLOSURE: OPTIONS TRADING Options involve risk and are not suitable for all investors. Multiple leg strategies, including spreads, will incur multiple commission charges. For more information read the “Characteristics and Risks of Standardized Options” also known as the options disclosure document (ODD) or visit ibkr.com/occ

US Global Investors’ CEO and CIO Frank Holmes joins IBKR’s senior market analyst Steven Levine to discuss the health of the U.S. retail sector, amid rising inflation, higher interest rates, sour consumer sentiment, and an overall global economic slowdown. What are the catalysts behind the growing bifurcation in the retail industry? What can parking lots say about the prospects for certain stocks? And will brick and mortar stores ever stage a resurgence? Find out in this insightful and engaging conversation! Note: Any performance figures mentioned in this podcast are as of the date of recording (August 24, 2022).

John Kerschner, head of U.S. securitized products at Janus Henderson, points out that collateralized loan obligations (CLOs) differ in dramatic ways from collateralized debt obligations (CDOs), which many blame for igniting the Great Recession of 2007-09 – despite having related structures and a certain reliance on quantitative risk models. Join us for this insightful discussion, as Kerschner highlights how the math, the models, and the makeup are different for CLOs than they were for CDOs – and why investors shouldn’t view them as a catastrophic threat to the global financial markets. Note: Any performance figures mentioned in this podcast are as of the date of recording (August 11, 2022). Also, all references to CDOs in this podcast refer to collateralized debt obligations.

Bob Lang, founder of Explosive Options, discusses risk management and position sizing for options traders with Steve Sosnick, Chief Strategist at Interactive Brokers. DISCLOSURE: OPTIONS TRADING Options involve risk and are not suitable for all investors. Multiple leg strategies, including spreads, will incur multiple commission charges. For more information read the “Characteristics and Risks of Standardized Options” also known as the options disclosure document (ODD) or visit ibkr.com/occ

Morningstar's chief U.S. market strategist David Sekera discusses several headwinds at the start of 2022 and where he sees the market today and in the next few quarters. Learn more at the sponsor’s website: https://investor.morningstar.com/

Veteran commodity futures broker Bill Baruch, from Blue Line Futures, navigates hard assets to conclude that maybe the worst of 2022 is behind us. Sponsor’s website: www.bluelinefutures.com

Market Chameleon cofounders, Will McBride and Dmitry Pargaminik join us to discuss the changes they’ve seen in the option market from their days as floor traders to the present as well as what inspired them to start Market Chameleon and where they see the industry going. DISCLOSURE: OPTIONS TRADING Options involve risk and are not suitable for all investors. Multiple leg strategies, including spreads, will incur multiple commission charges. For more information read the “Characteristics and Risks of Standardized Options” also known as the options disclosure document (ODD) or visit ibkr.com/occ

IBKR’s senior market analyst Steven Levine speaks with Christine Short, Wall Street Horizon’s vice president of research, about how to read certain corporate body language cues – nonverbal signals that companies can communicate to the marketplace about their financial well-being – whether intentional or not. Among other topics, they explore how these cues can affect risk sentiment, and ultimately influence the performance of stocks. Note: Any performance figures mentioned in this podcast are as of the date of recording (July 18, 2022).

Chicago-native David Eglit wasted no time out of school finding a job on one of Chicago’s trading venues. Quickly rising through the ranks at Timber Hill, David was sent to San Francisco to help establish a presence on the floor of the Pacific Exchange. In this interview David discusses his career as an equity, options and futures trader for Timber Hill and how he came to head up the frenetic Block Execution services at Interactive Brokers. IBKR Options and Bond Desk Resources: https://www.interactivebrokers.com/en/trading/pdfhighlights/PDF-OptionsDesk.php [email protected] [email protected] DISCLOSURE: OPTIONS TRADING Options involve risk and are not suitable for all investors. Multiple leg strategies, including spreads, will incur multiple commission charges. For more information read the “Characteristics and Risks of Standardized Options” also known as the options disclosure document (ODD) or visit ibkr.com/occ

Rareview Capital founder and CIO Neil Azous joins Andrew Wilkinson to discuss how the Fed might fight inflation in an economy in which fiscal and monetary issues have become joined at the hip. Interactive Brokers, LLC does not have any interest, affiliation or relationship to the interviewee, their employer, or related organization. The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Interactive Brokers LLC, its affiliates, or its employees. Futures are not suitable for all investors. The amount you may lose may be greater than your initial investment. Before trading futures, please read the CFTC Risk Disclosure. A copy and additional information are available at ibkr.com.

Catherine Clay, EVP at Cboe, joins Steve Sosnick to discuss her evolution from floor trader to one of the top female executives on Wall Street. DISCLOSURE: OPTIONS TRADING Options involve risk and are not suitable for all investors. Multiple leg strategies, including spreads, will incur multiple commission charges. For more information read the “Characteristics and Risks of Standardized Options” also known as the options disclosure document (ODD) or visit ibkr.com/occ

Why do commodity call options cost more than put options? Why does equity market protection cost more than bullish exposure? In this podcast former market-maker Matt Cashman, now educational instructor at the OCC, explains key options concepts such as skew and volatility. Matt describes in detail several of the critical concepts known as the Greeks that will help investors get to grips with trading options. DISCLOSURE: OPTIONS TRADING Options involve risk and are not suitable for all investors. Multiple leg strategies, including spreads, will incur multiple commission charges. For more information read the “Characteristics and Risks of Standardized Options” also known as the options disclosure document (ODD) or visit ibkr.com/occ

What tools are available to help you go from financial hobbyist to savvy investor? Find out, as IBKR senior market analyst Steven Levine jumps into the financial education arena with Game Plan CEO and founder Vin McCaffrey, along with IBKR’s director of trading education Andrew Wilkinson, for an exciting discussion about how they are providing – and collaborating – on offering critical, finance-related content to collegiate and professional athletes.

Thomas Peterffy, Chairman and founder of Interactive Brokers, explains why IBKR’s proprietary best execution technology offers real cost savings for traders, and why the firm’s history as a pioneering market maker gives them insights that other firms simply don’t have. DISCLOSURE: OPTIONS TRADING Options involve risk and are not suitable for all investors. Multiple leg strategies, including spreads, will incur multiple commission charges. For more information read the “Characteristics and Risks of Standardized Options” also known as the options disclosure document (ODD) or visit ibkr.com/occ For additional details about IBKR Alternative Trading System (ATS) please visit: https://www.interactivebrokers.com/en/index.php?f=48654 For additional details about IBKR Lite please visit: https://www.interactivebrokers.com/en/index.php?f=45196

IBKR’s Andrew Wilkinson and Steven Levine speak with Gareth Ryan, founder and managing director of IUR Capital, about how equity investors can navigate through the mounting uncertainties driving today’s markets – from rising inflation to rising interest rates, and from health crises to geopolitical upheaval. We explore the meaning of market volatility, as well as different exchange-traded options strategies to help better weather stock portfolio turbulence. DISCLOSURE: OPTIONS TRADING Options involve risk and are not suitable for all investors. Multiple leg strategies, including spreads, will incur multiple commission charges. For more information read the “Characteristics and Risks of Standardized Options” also known as the options disclosure document (ODD) or visit ibkr.com/occ

Samantha LaDuc, founder of LaDucTrading.com, joins Steve Sosnick, Interactive Brokers’ Chief Strategist, to discuss why she favors commodities over stocks and bonds in the current monetary environment.

Jason Bloom, Invesco’s Head of Fixed Income and Alternative ETF Product Strategy, and Joe Burke, IBKR’s Head of Fixed Income, tackle issues that are at the top of most investors’ minds – namely inflation, the central bank’s efforts to combat it, and the likelihood of an economic recession. How are interest rates responding, as the Federal Reserve tightens monetary policy, amid a backdrop of unprecedented fiscal spending, and global commodity price shock? How will the growth picture unfold? And what's the worst that could happen? Find out, as Bloom & Burke address these questions and more!

With a distinguished career in the field of options education, Dr. Russell Rhoads PhD. Of EQDerivatives discusses the role of research in trading and how his observations in options markets enables him to support or refute commonly-held theories about trading patterns. Options involve risk and are not suitable for all investors. For more information read the Characteristics and Risks of Standardized Options, also known as the options disclosure document (ODD). To receive a copy of the ODD call 312-542-6901 or copy and paste this link into your browser: http://www.optionsclearing.com/about/publications/character-risks.jsp

What would happen if the U.S. introduced a digital dollar? SEBA Bank’s head of research Yves Longchamp explores ways in which central bank digital currencies (CBDCs) could transform the U.S. and global financial landscape, including a deep discussion about privacy, security, employment, competition with decentralized cryptocurrencies, and overall trust in fiat money.

Emmet Peppers, Chairman and Founder of Good Soil Asset Management, discusses his search for transformative technology stocks and his high risk/reward investment strategies with Steve Sosnick, Chief Strategist at Interactive Brokers. DISCLOSURE: OPTIONS TRADING Options involve risk and are not suitable for all investors. Multiple leg strategies, including spreads, will incur multiple commission charges. For more information read the “Characteristics and Risks of Standardized Options” also known as the options disclosure document (ODD) or visit ibkr.com/occ