Bonds
TRADEXDirect is an offshore online broker that offers offshore online brokerage as well as offshore financial services. If you open an offshore online account with us you will have access to the best offshore online discount broker, that will allow you not only to invest in Bonds, but also in Stocks, Options, Futures, Forex and offshore mutual funds.
Our offshore online brokerage services are guided towards the international investor, expatriate investors and offshore stock broker that will like to have online offshore asset protection, have access to an online broker day trading and be able to invest in offshore investment funds that include bonds, stocks, options and more.
Unlike other trading products with standardized market structures, bonds have certain peculiarities due to the decentralized nature of bond trading. These differences include:
- Whereas NYSE and Auto-Ex orders are immediately executable when marketable, BondDesk ECN trade executions can take up to fifteen minutes due to the manual nature of the BondDesk ECN. During these fifteen minutes, you may not cancel or modify your order (more aggressive modifications will be allowed).
- NYSE has a tick increment of $0.125 whereas BondDesk ECN and Auto-Ex has a tick increment of $0.001. This difference in tick increment may determine on which exchange your non-marketable order is held for execution.
- Bond prices are specified as percentage points of the face value of the bond. Most bonds have a face value of $1,000.
- Many BondDesk ECN quotes have a minimum size requirement that is not displayed, and may preclude your order from being executed on this exchange.
- NASDAQ Trace market data displays last sales data only, including OTC Bond last sales data, and is for display purposes only.
- Bond orders may only be smart routed, and direct order routing will not be allowed.
We offer the trading of bonds on the following market centers in the United States only:
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