Fast Trade for bonds is a feature that enables users to place buy or sell orders using a Fast bid or Fast ask price, which usually resulting in immediate execution of the trade.
Regular bond orders may take longer as traders are required to inquire about the price in the OTC market, find matching counterparties and prices before a trade can be filled. With Fast Trade, investors can avoid long wait times and usually can execute orders immediately.
Currently, Fast Trade is only available for certain US Treasury Bonds.
To check the bonds that support Fast Trade, go to:
- Wealth > Bonds > Fast Buy Bonds
Fast Bid/Ask shows the current bid or ask available for Fast Trade. Orders submitted using Fast Bid/Ask can usually be executed immediately.
【Fast Bid】 and 【Fast Ask】:
It is an offer to buy/sell at a specific price which usually resulting in immediate order execution.
【Fast Bid Volume】and 【Fast Ask Volume】：
Represent the total nominal value that can be immediately traded. If you want to buy, the order nominal value should not exceed the Fast Ask volume, and if you want to sell, the order nominal value should not exceed the Fast Bid volume.
To place a buy order for a bond, go to:
- Detailed Quotes > Tap Fast Buy in the lower left corner
If you already have a bond position, you can place a buy or sell order by going to:
- Accounts > Assets > Select your bond position
While placing an order, you can choose to use either Regular or Fast as the trading method.
Fast Trade orders cannot be edited or cancelled.
To check your orders placed using Fast Trade, go to:
- Accounts > History > Order History