North America
| Country/Region | Market Center Details | Products | Hours |
|---|---|---|---|
 United States |
BondDesk | Fixed Income (Treasuries, Corporates) | 8:00 – 17:00 ET |
| BONDLARGE | Fixed Income | 8:00 – 17:00 ET | |
| Knight BondPoint | Fixed Income (Corporates) | 8:00 – 17:00 ET | |
| Knight BondPoint for Munis | Fixed Income (Munis) | 8:00 – 17:00 ET | |
| Knight BondPoint for US Government Securities | Fixed Income (Corporates, Treasuries) | 8:00 – 17:00 ET | |
| MuniCenter | Fixed Income (Munis) | 8:00 – 17:00 ET | |
| NYSE Arca Bonds (NYSE BONDS) | Fixed Income (Corporates) | Monday – Friday: 800 – 1700 | |
| Tradeweb for Munis | Fixed Income (Munis) | 8:00 – 17:00 ET | |
| Tradeweb for US Government Securities |
Fixed Income (Treasuries) Bills |
Monday – Friday: 730 – 1700 | |
| Tradeweb US Corporate Bonds | Fixed Income | Monday – Friday: 8:00 – 17:00 |
On some exchanges, different products have different trading hours.
Unlike other trading products with standardized market structures, bonds have certain peculiarities due to the decentralized nature of bond trading, including:
- Bond quotes are not firm and order minimums can vary. Some TradeWeb and Knight BondPoint quotes may have a minimum size requirement that is not displayed. These factors can make smaller trades (<100k) extremely difficult to execute, and may preclude your order from being executed.
- While NYSE Arca and Timber Hill Auto-Ex orders are immediately executable when marketable, TradeWeb and Knight BondPoint orders can take up to five minutes to become executable due to the manual nature of these market destinations.
- NYSE Arca has a tick increment of 0.125 while TradeWeb, Knight BondPoint and Timber Hill Auto-Ex have a tick increment of 0.001. This difference in tick increment may determine the exchange on which your non-marketable order is held for execution.
- Bond prices are specified as percentage points of the face value of the bond. Effective April 7, 2008, the face value for Treasuries, including T-Bonds, T-Notes and T-Bills is 100. Most other bonds have a face value of 1,000.
- Some TradeWeb and Knight BondPoint quotes may have a minimum size requirement that is not displayed, which may preclude your order from being executed on this exchange.
- Bonds with face value over USD 1,000,000 may be direct routed to BONDLARGE. All other bond orders are eligible only for Smart routing.
- Buy side RFQs are not supported at ValuBond or MuniCenter.
Europe
| Country/Region | Market Center Details | Products | Hours |
|---|---|---|---|
 European Union |
Euronext Bonds | Fixed Income (Corporate and Non-US Sovereign) | Monday – Friday: 14:59-23:59 |
On some exchanges, different products have different trading hours.
Unlike other trading products with standardized market structures, bonds have certain peculiarities due to the decentralized nature of bond trading, including:
- Bond quotes are not firm and order minimums can vary. Some TradeWeb and Knight BondPoint quotes may have a minimum size requirement that is not displayed. These factors can make smaller trades (<100k) extremely difficult to execute, and may preclude your order from being executed.
- While NYSE Arca and Timber Hill Auto-Ex orders are immediately executable when marketable, TradeWeb and Knight BondPoint orders can take up to five minutes to become executable due to the manual nature of these market destinations.
- NYSE Arca has a tick increment of 0.125 while TradeWeb, Knight BondPoint and Timber Hill Auto-Ex have a tick increment of 0.001. This difference in tick increment may determine the exchange on which your non-marketable order is held for execution.
- Bond prices are specified as percentage points of the face value of the bond. Effective April 7, 2008, the face value for Treasuries, including T-Bonds, T-Notes and T-Bills is 100. Most other bonds have a face value of 1,000.
- Some TradeWeb and Knight BondPoint quotes may have a minimum size requirement that is not displayed, which may preclude your order from being executed on this exchange.
- Bonds with face value over USD 1,000,000 may be direct routed to BONDLARGE. All other bond orders are eligible only for Smart routing.
- Buy side RFQs are not supported at ValuBond or MuniCenter.
Asia-Pacific
| Country/Region | Market Center Details | Products | Hours |
|---|---|---|---|
 Hong Kong |
Hong Kong Stock Exchange (SEHK) | Fixed Income (Non-US Sovereign) |
9:30 – 12:00 HKT 13:00 – 16:00 HKT |
On some exchanges, different products have different trading hours.
Unlike other trading products with standardized market structures, bonds have certain peculiarities due to the decentralized nature of bond trading, including:
- Bond quotes are not firm and order minimums can vary. Some TradeWeb and Knight BondPoint quotes may have a minimum size requirement that is not displayed. These factors can make smaller trades (<100k) extremely difficult to execute, and may preclude your order from being executed.
- While NYSE Arca and Timber Hill Auto-Ex orders are immediately executable when marketable, TradeWeb and Knight BondPoint orders can take up to five minutes to become executable due to the manual nature of these market destinations.
- NYSE Arca has a tick increment of 0.125 while TradeWeb, Knight BondPoint and Timber Hill Auto-Ex have a tick increment of 0.001. This difference in tick increment may determine the exchange on which your non-marketable order is held for execution.
- Bond prices are specified as percentage points of the face value of the bond. Effective April 7, 2008, the face value for Treasuries, including T-Bonds, T-Notes and T-Bills is 100. Most other bonds have a face value of 1,000.
- Some TradeWeb and Knight BondPoint quotes may have a minimum size requirement that is not displayed, which may preclude your order from being executed on this exchange.
- Bonds with face value over USD 1,000,000 may be direct routed to BONDLARGE. All other bond orders are eligible only for Smart routing.
- Buy side RFQs are not supported at ValuBond or MuniCenter.
Euro Pacific Trader is offered by Euro Pacific Securities Inc. (“Euro Pacific Securities”), as an Introducing Broker to Interactive Brokers LLC. Interactive Brokers LLC is the custodian, technology provider, and clearing broker to all transactions executed through Euro Pacific Trader and thus the rates, conditions, and examples shown on this site may be subject to change and differ from what is displayed on Euro Pacific Trader. The rates, conditions, and examples on this site are provided on a best-efforts basis and should not be taken as final.
Euro Pacific Securities will not be held responsible for pricing and conditional discrepancies that may arise in the normal course of offering Euro Pacific Trader. Customers should always review and rely on the conditions that are shown directly on Euro Pacific Trader, and it is the responsibility of all customers to carefully review the conditions of every action before approving execution on Euro Pacific Trader.
Interactive Brokers LLC is a registered Broker-Dealer, Futures Commission Merchant and Forex Dealer Member, regulated by the U.S. Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA), and is a member of the Financial Industry Regulatory Authority (FINRA) and several other self-regulatory organizations. Interactive Brokers LLC does not endorse or recommend any introducing brokers, third-party financial advisors or hedge funds, including Euro Pacific Securities. Interactive Brokers LLC provides execution and clearing services to customers. None of the information contained herein constitutes a recommendation, offer, or solicitation of an offer by Interactive Brokers LLC to buy, sell or hold any security, financial product or instrument or to engage in any specific investment strategy. Interactive Brokers LLC makes no representation, and assumes no liability to the accuracy or completeness of the information provided on this website.For more information regarding Interactive Brokers, please visit www.interactivebrokers.com.