Basic Bond & Bond buying 101, Let's share our knowledge
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 Nov 8 2022, 11:07 AM
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#1
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Senior Member
6,248 posts Joined: Jun 2006  
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QUOTE(TOS @ Nov 7 2022, 08:57 PM) Here I show an example of the 2.4% AAPL bond due on 20230113. (Note the maturity date format on IB is shown as YYYYMMDD format). I am not sure whether to select SMART(TradeWeb) or just TradeWeb, haven't tried either one yet. Maybe dwRK knows which exchange to route to for bonds? probably doesn't matter... goes to same tradeweb marketplace... TOS liked this post
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Nov 9 2022, 09:31 AM
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#2
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Senior Member
6,248 posts Joined: Jun 2006
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QUOTE(TOS @ Nov 9 2022, 09:08 AM) HKD money is converted to USD today. I tried with SMART. Fees range from 2-9 USD. under smart... you can further configure your routing options... these affects the fees you pay...» Click to show Spoiler - click again to hide... « But if you try TradeWeb or IBKRATS, the fees are guaranteed to be 2 USD only. » Click to show Spoiler - click again to hide... « I guess TradeWeb/IBKRATS is a better option. Otherwise I end up getting charged 9 USD. ibkr won't know how your order(s) will be split/taken up until its execution... so will give you a range of fees in the preview page you can manually select all the individual market to try see which give you the 9...  I did this when I sold my shell... because it can be routed to so many exchanges throughout Europe... so wanna make sure I paid the lowest fees... for US products, usually the marketplaces are quite limited... TOS liked this post
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Nov 9 2022, 08:23 PM
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#3
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Senior Member
6,248 posts Joined: Jun 2006
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QUOTE(TOS @ Nov 9 2022, 06:02 PM) Can you check if this setting is correct? No bond settings available... only stocks and options. looks OK... no right or wrong... just what you want...» Click to show Spoiler - click again to hide... « TWS only allow to choose from IBKRATS and TradeWeb. When I try IBKRATS, it says specified destination exchange is not allowed. No commissions are mentioned. » Click to show Spoiler - click again to hide... « When I try TradeWeb, it says only marketable orders are accepted. I will wait US market to open at 8am Eastern to resumbit my order. This one charges 2 USD min. » Click to show Spoiler - click again to hide... « I studied a bit on TradeWeb. It's popular for high yield junk bond trading. sorry dunno anything about bond settings... not interested in them so never checked or purged from memory...  TOS liked this post
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