Can anyone give me details on this bond ECN and its functionality? I have been to the website, www.bonddeskgroup.com but I am still unclear on how they operate. Are people trading bonds just like an equities ECN now?
this company provides a system for firms looking to buy/sell oddlot bonds (and bigger pieces if available) this would not be open to the general public..you would need a clearing relationship, an alpha # and a npid#..so to answer your questions,,its not liking trading on ecn's
actually this is available to the general public through interactive brokers. they give you access to bonddesk ecn, nyse automated bond system, and the timber hill bond auto-execution. so you can trade bonds like you would anything else, although the spreads are pretty wide for the bonds i've looked at
functionality is explained here- http://www.bonddeskgroup.com/products/systems.html and as far as i understand they do same job as other ECNs do. as been said in previous post-you can try to trade bonds like stocks,they are avialiable for public thru IB system, but spreads and liquidity is an issue. and of course you have to trade huge lots to make some $$
Has anyone used the IB connection and want to share their experience? Or does one of TP's minions want to promote this service? Also, what types of bonds trade on this ECN? I think we would like to see some screen shots if anyone had some.
Question for IB: Are you going to add US Treasury cash bond trading to your system? There is more liquidity on the screen in treasuries than in corporates!
IB Soft... can you post some screen shots (with old data) or is that a compliance faux pas over there?