Bond Express - Your solution to diversifying and trading bonds in small lot sizes

With our experience in the bond markets, we are familiar with the obstacles that investors face when trying to invest in bonds.  

Much of this falls under two categories: 

1)     A lack of smaller lot sizes for corporate bonds, and 

2)    The inability to execute trades due to the "indicative" nature of bond market pricing.

As such, Bondsupermart has pioneered a game-changing alternative for investors.

What is “Bond Express"?

Bond Express is an initiative that allows you to trade a selected list of wholesale bonds with firm executable pricing and volumes, but more importantly, in lot sizes from as little as USD5,000 for USD-denominated wholesale bonds (or SGD 5,000, HKD 5,000, MYR 5,000 for their respective denominated bonds).

Wholesale bonds are typically traded in lot sizes of S$250,000 (or USD200,000), which may be an onerous capital outlay for many investors, resulting in a lack of ability to diversify. With this initiative, you will be able to enjoy the benefits of yield/return certainty that comes with investing in corporate bonds, yet still enjoy the diversification benefit that has been a longstanding pillar of our investment and portfolio advisory process.

How does it work?

You will have access to firm executable prices and volumes for the list of bonds on Bond Express, from 9am to 5pm each business day. These quotes are made by the licensed institutions* of iFAST Corporation, which deal as principal for all Bond Express trades, a necessity to facilitate bond investments in non-standardised smaller lot sizes. While all investors will have access to trading via Bond Express, prevailing regulations mean that only Accredited Investors (AIs) in Singapore, Professional Investors (PI) in Hong Kong, or Sophisticated Investors (SI) in Malaysia will be able to buy wholesale bonds in lot sizes of 5,000 (by nominal value).

For specific details on Bond Express in Singapore, Hong Kong and Malaysia, you can refer to the table below:

Understanding the information on Bond Express:

Ask Price: The minimum price that a seller is willing to take for the bond, or the price that an investor looking to acquire the bond will be paying.

Bid Price: The maximum price that a buyer is willing to pay for the bond, or the price that an investor looking to sell the bond will be receiving.

Ask/Bid Volume: Inventory available for buying and selling at the relevant licensed iFAST Corporation institutions.

Ask/Bid Yield: Yield refers to the annualised return an investor expects to receive from a bond. Investors looking to buy should look at Ask Yield, and those looking to sell at Bid Yield.

(Related Article: Your Cheatsheet to Common Terms and Jargon for Bonds)

Levelling the playing field for individual investors

The launch of Bond Express marks a significant milestone in our journey to empower individual investors with the necessary knowledge and tools to make better-informed decisions in the bond market, helping to level the playing field for individual investors.

If you’re keen on investing through Bond Express, visit our partners via the respective links below:

Singapore | Hong Kong | Malaysia	Singapore | Hong Kong | Malaysia	Singapore | Hong Kong | Malaysia

*iFAST Corporation operates in Singapore, Hong Kong and Malaysia as iFAST Financial Pte Ltd (Singapore), iFAST Financial (Hong Kong) Ltd and iFAST Capital Sdn Bhd (Malaysia) respectively and is licensed by the local financial market regulator in each respective jurisdiction.