Business
Interactive Brokers Launches Bond Scanner to Help Investors Find the Best Pricing on Wide Range of Fixed Income Products
GREENWICH, Conn.--(BUSINESS WIRE)-- Interactive Brokers Group, Inc. (Nasdaq: IBKR) today announced it has created a Bond Scanner to help make finding the
About this update from Interactive Brokers Group, Inc.
[{"type":"text","content":" GREENWICH, Conn.--(BUSINESS WIRE)--\nInteractive Brokers Group, Inc. (Nasdaq: IBKR) today announced it has created a Bond Scanner to help make finding the best prices on bonds easier and more transparent for clients and non-clients alike.\n\n\n“We believe we offer the lowest bond prices available. Investors should visit our Bond Scanner at ibkr.com/bonds, filter for bonds of interest, and then call their broker to compare,” said Steven Sanders, EVP of Marketing and Product Development at Interactive Brokers.\n\n\n“Clients benefit from our aggregation of price quotes from multiple electronic venues and institutional dealers,” he added. “We do not widen spreads nor are there hidden fees or markups. While some companies charge a large, hidden markup, we charge extremely low, transparent commissions. IBKR clients may provide liquidity to bond markets and improve pricing by entering their own pending orders into the book.”\n\n\nIn addition to ultra-low, transparent pricing, the company offers a huge selection of fixed income products, including a full universe of US government securities, over 38,000 global corporate bonds, 851,000 million municipal securities, 33,000 CDs, 1,900 non-US Sovereign bonds, plus fixed income futures and fixed income options. Interactive Brokers uses sophisticated technology to connect its Trader Workstation platform (TWS) with multiple leading electronic bond trading venues including BondDesk, Knight BondPoint, MuniCenter, NYSE BONDS and Tradeweb.\n\n\nFixed income investors at Interactive Brokers pay 10-basis points for the first $10,000 in face value for corporate bonds with a $1.00 minimum and 2.5-basis points on additional face value. The blended rate for 20 bonds with a face value of $20,000 would cost $12.50 in IBKR commissions. For municipal bonds investors pay 5-basis points on the first $10,000 in face value with a $1.00 minimum and 1.25-basis points on additional face value. The blended rate for 20 bonds with a face value of $20,000 would cost $6.25 in IBKR commissions.\n\n\n“We encourage fixed income investors to take the IBKR Bond Challenge and scan for bonds they hold or are interested in buying. Check the available yields and call your own broker to compare our low costs with what your broker is charging you,” Sanders said.\n\n\nWith the new Bond Scanner, you can:\n\n\n\nSearch for a maturi...