Fixed Income

Fixed Income

Full online access to a wide array of low cost corporate, government, and municipal securities.

IBKR acts as an agency broker and charges a small commission. Our offering is the result of continuous price-sourcing from multiple electronic vendors. Clients are shown the highest of all bids and the lowest of all offers available at the venues that we access.

Fixed Income: Corporate Bonds, Government Bonds and Municipal Bonds

We also encourage our clients to make their own bids or offers for issues that they are interested in.

In addition, we have the ability to cross orders in TRACE eligible and certain Non-TRACE eligible corporate bonds internally on our integrated ATS should clients post better bids or better offers on our platform than in the market, improving the chances of a favorable fill.

IBKR offers direct market access to more than 38,000 US, Canadian and European corporate bonds, US government securities, 1.4 million US Municipal bonds, 1,900+ non-US Sovereign bonds in Asia and Europe, Euro-denominated government bonds, fixed income futures and fixed income options, all from a single account. We also offer more than 33,000 CDs.

Discover the advantages of fixed income trading at Interactive Brokers:

  • Multiple Fixed Income Instruments - IB offers multiple fixed income bonds to meet your trading needs. Trade corporate, municipal, or treasury bonds all from a single account and single trading screen.
  • Customer Bond Quotes for Trading in TWS - Unlike traditional bond platforms, our clients can both see and place bid and offer quotes for US Corporate bonds. Non-marketable limit orders that meet or exceed the existing best quote will be included in the IB market data for other IB clients to trade.
  • Comparable Bonds All in One Place - To help ensure fair pricing and make it easy to compare municipal bonds with similar characteristics, TWS automatically displays a table of comparable bonds for each bond order. You can submit a Request for Quote on any of the presented bonds directly from within this table.
  • US Global Bond Scanner - Scan for CDs, corporate, municipal and treasury bond markets on any criteria from bond ratings and coupon rate to a specified convexity range or equity cap using the US Global Bond scanner.
  • We route orders to additional liquidity providers including a number of major global banks. Bond orders are SmartRouted to multiple bond market centers including:
    • Bloomberg ALLQ
    • Euronext
    • Tradeweb Direct
    • ICE BondPoint
    • ICE MuniCenter
    • NYSE Bonds
    And assorted additional global bond venues.
  • Submit Corporate and Municipal Bond RFQs - Submit a Request for Quote on a bond that has no existing quote, to potentially improve upon an existing quote, or to get a quote for a particular trade size.