Feature | Bondsupermart Live | Bond Express | OTC (Over-the-Counter) |
Real-time trading | Yes | Yes | No |
Set your own price | Yes | No | Yes |
Firm tradable volumes | Yes | Yes | No |
Odd Lot bond trading | Coming Soon | Yes | No |
Full Lot bond trading | Yes | Limited | Yes |
Live market depth and data | Yes | Limited | No |
Settlement cycle | T+2 business days | Instantly | T+2 business days, T+3 business days |
Trading Hours | Market Hours | 24/7 | Business Days |
Summary:
- Bondsupermart Live – A centralized marketplace where your orders are dynamically matched with other investors, market makers*, and counterparties.
- Bond Express – A marketplace where your orders can be executed at a firm bid/ask price set by the principal*, subjected to the availability of the bid/ask volume.
- OTC (Over-the-Counter) – A marketplace where trades are done through an intermediary dealer and counterparties, which the process is not immediate and efficient.
Note: *iFAST deals as a Principal for all the Bond Express trades and may act as a market maker for certain Bonsupermart Live trades.