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Steven Levine has served the financial services industry for more than 20 years, performing senior roles in areas such as risk management, compliance, clearance and settlement and journalism, primarily for the fixed income and credit markets. He currently provides market commentary for Interactive Brokers’ Traders’ Insight, including a recurring series on the U.S.Corporate Bond and Muni Markets, as well as Week Ahead analyses focused on macroeconomics, monetary policy and geopolitics across the U.S., Europe, and Asia-Pacific regions.

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IB Key – Phone Migration – Android

Parent Course: IBKR Mobile – Android©

Interactive Brokers is committed to protecting your account from fraudulent activities, and IB Key is a critical part of that process. This video illustrates how to migrate IB Key to a new Android phone device. MORE

Contributed by: Interactive Brokers

IB Key – Challenge / Response – Android

Parent Course: IBKR Mobile – Android©

Interactive Brokers is committed to protecting your account from fraudulent activities, and two-factor authentication is a critical part of that process. This video illustrates how to use the manual challenge/response authentication method to securely access your account if notifications are disabled, or no internet access is available, or if you have an unstable connection... MORE

Contributed by: Interactive Brokers

IB Key – Two-Factor Authentication – Android

Parent Course: IBKR Mobile – Android©

Interactive Brokers is committed to protecting your account from fraudulent activities, and two-factor authentication is a critical part of that process. The following steps are intended to guide you through downloading and installing IBKR Mobile onto your Android phone device, as well as establishing and using two-factor authentication for your account. MORE

Contributed by: Interactive Brokers

ESG Accountability

Parent Course: ESG Investing

This lesson explains how companies may be held accountable for certain deceptive business practices, including green washing, social washing, and pink washing. MORE

Contributed by: Interactive Brokers

Big Data & IBKR Tools

Parent Course: ESG Investing

This lesson explores the role of Big Data in augmenting traditional fundamental analyses, as well as some of the tools offered by IBKR that support socially responsible investing. MORE

Contributed by: Interactive Brokers

Financial Products: Benefits & Risks

Parent Course: ESG Investing

This lesson details certain types of ESG-focused financial products, including green bonds, social bonds, and exchange-traded funds (ETFs). MORE

Contributed by: Interactive Brokers

Market Impacts

Parent Course: ESG Investing

This lesson illustrates how various market sectors have been impacted amid growing attention to ESG, including forestry, energy, transportation, and healthcare. MORE

Contributed by: Interactive Brokers

Strategies for Analysis

Parent Course: ESG Investing

This lesson offers some ESG Investing strategies to consider when conducting fundamental analysis. MORE

Contributed by: Interactive Brokers

ESG’s Origins

Parent Course: ESG Investing

This lesson describes the inception and development of ESG investing. MORE

Contributed by: Interactive Brokers

ESG Investing: Course Overview

Parent Course: ESG Investing

This lesson is an overview of what to expect from the ESG Investing introductory course. MORE

Contributed by: Interactive Brokers

FULL
COURSE

ESG Investing

This course offers some basic concepts to help better define the meaning and financial relevance of environmental, social, and governance (ESG) issues, including the rationale behind the inception of ESG investing, as well as how this discipline has developed. As the course progresses, we will explore topics such as ESG’s origins, describe certain strategies... MORE

Contributed by: Interactive Brokers

Understanding Put-Call Parity

Parent Course: Introduction to Options

Understand how prices of puts and calls are inextricably linked to each other and the price of the underlying stock through an equation known as “Put/Call Parity”. Learn the importance of how dividends and interest rates affect underlying stocks when implementing options strategies. MORE

Contributed by: Interactive Brokers

Neutral Market Strategies – Overview

Parent Course: Neutral Option Market Strategies

Overview of the Neutral Market Strategies module which introduces how to use options when there are relatively small price movements in the underlying asset, or where volatility is expected to diminish. MORE

Contributed by: Interactive Brokers

Basic Option Strategies Overview

Parent Course: Basic Option Strategies

Overview of the Basic Options Strategies module which introduces topics such as how to use options for bull and bear market outlooks. MORE

Contributed by: Interactive Brokers

FULL
COURSE

Basic Option Strategies

Understand a few of the popular option strategies, plus how to define long calls and puts, covered calls and puts, and short puts. For each of the popular option strategies discussed, determine the: Market Outlook, Volatility View, Profit Potential and Loss Potential. Examine how to practically construct these basic option strategies using an online... MORE

Contributed by: Interactive Brokers

Stock Options: Benefits & Risks

Parent Course: All About Options

Know the benefits and critical risks faced by buyers and sellers in the options market; and know how to access the OCC's ODD and be mindful that their strategy and investment objective in the market will largely dictate their potential benefits and assumption of risk. MORE

Contributed by: Interactive Brokers

Stock Options: Contract Components

Parent Course: All About Options

Learn ways of identifying options-related information on a trading platform; understand certain features such as 'premium' and 'strike price', and how to refer to different option positions. By the end, they should be able to 'read' different stock option positions and tell whether a position is in- or out-of-the-money, and identify classes and series... MORE

Contributed by: Interactive Brokers

Stock Option: Buyers, Sellers, Terms & Types

Parent Course: All About Options

Acquire the basic language of stock options, as well as a broad understanding of the roles and responsibilities of buyers and sellers of option contracts; and earn about the role of an option contract owner or writer (of a call or put) MORE

Contributed by: Interactive Brokers

Question #1: What is an Option?

Parent Course: All About Options

Gain a broad understanding of how options, as financial derivatives, work, as well as some reasons for investing in them; acquire the skills to distinguish between call and put options; identify the components of an options contract on a trading platform; make certain decisions in the options; market as a contract writer or owner;... MORE

Contributed by: Interactive Brokers

Overview: All About Options

Parent Course: All About Options

Acquire an introductory understanding of the options market, by gaining basic product expertise, learning about risks and safeguards, pricing, trading strategies; obtain practical experience in the options market by constructing certain trades on an online platform and gain an understanding the benefits and critical risks faced by buyers and sellers in the options market. MORE

Contributed by: Interactive Brokers

Mechanics of the Futures Market – Overview

Parent Course: Introduction to Futures

Introducing the Mechanics of Futures Market course, where we’ll introduce you to some of the risks faced by investors in the futures market, how certain of those risks are mitigated, as well as the difference between spot and forward prices, and contango and backwardation. We’ll also provide you with other insights about the mechanics... MORE

Contributed by: Interactive Brokers

TWS Futures Contract Demo

Parent Course: Introduction to Futures

Watch and learn how to put Futures contracts into practice. MORE

Contributed by: Interactive Brokers

Futures Margin

Parent Course: Introduction to Futures

Now that we’ve introduce you to some of mechanics of trading futures, including the roles of commoditized contracts, let’s turn your attention to the use of margin. Most futures contracts require investors to post margin with their broker. While this is a good-faith deposit required of investors to help ensure they abide by the... MORE

Contributed by: Interactive Brokers

A Closer Look at Contracts

Parent Course: Introduction to Futures

Acquire the skills to identify the components of a futures. Understand the role of a futures exchange, including the standardization of product requirements in commodities markets, and certain marketplace rules. MORE

Contributed by: Interactive Brokers

Futures Prices: Contango & Backwardation

Parent Course: Introduction to Futures

Acquire the skills to identify the components of a futures. Understand the role of a futures exchange, including the standardization of product requirements in commodities markets, and certain marketplace rules. MORE

Contributed by: Interactive Brokers

Futures Pricing: The Basis

Parent Course: Introduction to Futures

Understand what ‘the basis’ in the futures market represents, and what the process of arriving at this information means for producers, hedgers and speculators. MORE

Contributed by: Interactive Brokers

Introduction to the FX Market

Parent Course: Trading Around the World

Understand how to trade shares of overseas-listed companies in foreign currencies, become aware of settlement concerns and know how exchange rate fluctuations can affect profits and losses when using a cash account or borrowing on margin. MORE

Contributed by: Interactive Brokers

FULL
COURSE

All About Options

Acquire an introductory understanding of the options market, by gaining basic product expertise, learning about risks and safeguards, pricing, trading strategies; obtain practical experience in the options market by constructing certain trades on an online platform and gain an understanding the benefits and critical risks faced by buyers and sellers in the options market. MORE

Contributed by: Interactive Brokers

FULL
COURSE

Introduction to U.S. Corporate Bonds

In this course, IBKR senior market analyst Steven Levine provides essential details about the U.S. corporate bond market, including the types of securities investors typically encounter such as secured and unsecured notes. We’ll also offer you some tools to enable you to obtain a better understanding of the risks involved with corporate bonds and... MORE

Contributed by: Interactive Brokers

FULL
COURSE

Introduction to Municipal Bonds

In this course, IBKR senior market analyst Steven Levine provides essential details about the U.S. municipal bond market, including the types of securities investors typically encounter such as general obligation bonds and revenue bonds. We’ll also offer you some tools to enable you to obtain a better understanding of the risks involved with municipal... MORE

Contributed by: Interactive Brokers

FULL
COURSE

Introduction to Futures

This course provides content to suit investors with different levels of knowledge about the futures market. Investors new to the world of futures trading can use this introductory course to learn key industry concepts and how to find information using the trading tools within TWS. MORE

Contributed by: Interactive Brokers

Investing in Short & Leveraged ETPs

Parent Course: Introduction to Exchange Traded Products (ETPs)

This lesson explores short and leveraged (S&L) ETPs and what investors should be aware of when investing in these products – for example, daily returns and compounding. MORE

Contributed by: WisdomTree Europe

An Introduction to Oil ETPs

Parent Course: Introduction to Exchange Traded Products (ETPs)

This lesson focuses on Oil ETPs and what investors should be aware of when deciding to invest in these products. MORE

Contributed by: WisdomTree Europe

Synthetically Backed Commodity ETPs

Parent Course: Introduction to Exchange Traded Products (ETPs)

This lesson offers insights into synthetic ETPs and what investors should be aware of when deciding to invest in these products – for example, spot versus futures exposure. MORE

Contributed by: WisdomTree Europe

Physically Backed Commodity ETPs

Parent Course: Introduction to Exchange Traded Products (ETPs)

This lesson provides insights into the structure of physically backed commodity ETPs, such as those underpinned by gold and silver, and how they work. MORE

Contributed by: WisdomTree Europe

ETPs At A Glance

Parent Course: Introduction to Exchange Traded Products (ETPs)

This lesson provides an introduction to Exchange Traded Products (ETPs), including different categories and types of ETPs, as well as how they may offer investors certain types of exposure and returns. MORE

Contributed by: WisdomTree Europe

Secondary Market (Part II): Understanding Prices and Yields

Parent Course: Introduction to U.S. Corporate Bonds

This final lesson explores the differences between yields and prices in the U.S. corporate bond market, compares two debt instruments, and offers ways in which security valuations can change in the secondary market. MORE

Contributed by: Interactive Brokers

Secondary Market (Part I): Trading with the IBKR Bond Scanner

Parent Course: Introduction to U.S. Corporate Bonds

This lesson provides some insights into how to launch and use the IBKR Global Bond Scanner to locate and trade corporate bonds in the secondary market. MORE

Contributed by: Interactive Brokers

Primary Market: Constructing an Initial Sale

Parent Course: Introduction to U.S. Corporate Bonds

This lesson offers insights into how a U.S. corporate bond is typically structured and priced in the primary market, including some of the regulatory rules that govern this process. MORE

Contributed by: Interactive Brokers

Credit Ratings

Parent Course: Introduction to U.S. Corporate Bonds

This lesson examines credit ratings and how they may affect the value of a corporate bond issuance. MORE

Contributed by: Interactive Brokers

Interest Rate Risk and Central Bank Support

Parent Course: Introduction to U.S. Corporate Bonds

This lesson homes in on how interest rates affect the value, and ultimately the supply and demand levels, of corporate bonds, as well as how certain central banks have had a significant influence over activity in the market. MORE

Contributed by: Interactive Brokers

Fundamental Analysis

Parent Course: Introduction to U.S. Corporate Bonds

This lesson illustrates the complexities of conducting fundamental analysis using an example of a corporate bond offered during the Covid-19 pandemic. MORE

Contributed by: Interactive Brokers

Default Risk

Parent Course: Introduction to U.S. Corporate Bonds

This lesson highlights the importance of default risk for corporate bond investors and ways in which it may be addressed. MORE

Contributed by: Interactive Brokers

Course Overview – U.S. Corporate Bonds

Parent Course: Introduction to U.S. Corporate Bonds

This lesson provides an overview of what to expect from the introductory course on U.S. corporate bonds. MORE

Contributed by: Interactive Brokers

A Word About Risk

Parent Course: Introduction to Futures

Understand some of the risks inherent in futures trading, and the financial markets more broadly. Learn how futures exchanges and the CFTC help to mitigate settlement risk and provide legal safeguards, respectively. MORE

Contributed by: Interactive Brokers

Tax Considerations

Parent Course: Introduction to Municipal Bonds

Interactive Brokers' senior market analyst Steven Levine provides a broad overview of tax considerations when deciding on a municipal bond investment, part of the U.S. Municipal Bond Market video series, available at IBKR Traders' Academy. MORE

Contributed by: Interactive Brokers

Due Diligence (Part 3 of 3)

Parent Course: Introduction to Municipal Bonds

Interactive Brokers' senior market analyst Steven Levine highlights the wealth of available information offered by IBKR’s Global Bond Scanner with which investors may use to conduct fundamental analysis on municipal securities. This due diligence lesson comprises the third of three parts in the U.S. Municipal Bond Market video series, available at IBKR Traders' Academy. MORE

Contributed by: Interactive Brokers

Due Diligence (Part 2 of 3)

Parent Course: Introduction to Municipal Bonds

Interactive Brokers' senior market analyst Steven Levine explores how to compare the yields of a taxable corporate bond with a tax-exempt municipal security on both an in-state and out-of-state basis. This due diligence lesson is the second of three parts in the U.S. Municipal Bond Market video series, available at IBKR Traders' Academy. MORE

Contributed by: Interactive Brokers

Due Diligence (Part 1 of 3)

Parent Course: Introduction to Municipal Bonds

Interactive Brokers' senior market analyst Steven Levine introduces IBKR’s Global Bond Scanner, which investors may use to search and select specific municipal securities, as well as chart their yield performance over time. This due diligence lesson is the first of three parts in the U.S. Municipal Bond Market video series, available at IBKR Traders'... MORE

Contributed by: Interactive Brokers

Secondary Market

Parent Course: Introduction to Municipal Bonds

Interactive Brokers' senior market analyst Steven Levine details how investors can calculate accrued interest, as well as offers insights into other secondary market-related activities - all part of a broader video series on the U.S. Municipal Bond Market, available at IBKR Traders' Academy. MORE

Contributed by: Interactive Brokers

Credit Ratings and Insurance

Parent Course: Introduction to Municipal Bonds

Interactive Brokers' senior market analyst Steven Levine provides an overview of credit rating agencies (NRSROs) and bond guarantors and conducts an interview with Ed Grebeck, global debt strategist and CEO of Tempus Advisors, for further insights. Grebeck, who gave one of the earliest warning signs about the 2008-09 global financial crisis, also warns about... MORE

Contributed by: Interactive Brokers

Short-Term Notes

Parent Course: Introduction to Municipal Bonds

In this lesson, Interactive Brokers' senior market analyst Steven Levine gives an overview into shorter-term municipal securities, including TANs, RANs, TRANs and BANs, as well as more complex instruments such as auction rate securities (ARS) – all part of a video series about the U.S. Municipal Bond Market, available at IBKR Traders' Academy. MORE

Contributed by: Interactive Brokers

Revenue Bonds

Parent Course: Introduction to Municipal Bonds

Interactive Brokers' senior market analyst Steven Levine offers some insights about revenue bonds as part of a broader course on the U.S. Municipal Bond Market, available at IBKR Traders' Academy. MORE

Contributed by: Interactive Brokers

General Obligation Bonds

Parent Course: Introduction to Municipal Bonds

Interactive Brokers' senior market analyst Steven Levine provides some insights into general obligation bonds (GOs), including what differentiates these securities from other municipal debt offerings such as revenue bonds, as well as methods of analyses. This lesson is part of a video series on the U.S. Municipal Bond Market - available at IBKR Traders'... MORE

Contributed by: Interactive Brokers

Course Overview

Parent Course: Introduction to Municipal Bonds

Interactive Brokers' senior market analyst Steven Levine provides an overview of what to expect from the U.S. Municipal Bond Market course available at IBKR Traders' Academy. MORE

Contributed by: Interactive Brokers

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