The world’s first truly digital bond trading solution
Access 5,000+ online and 33,000+ offline government and corporate bonds from 26 countries in 21 different currencies.
All trading carries risk. Products traded on margin carry a high risk of rapid loss and losses can exceed deposits on some products. Ensure you understand the risks.
Better bond spreads¹
Generated via digital dealer auctions between 50+ liquidity providers, plus highly competitive commissions.
Direct market access
The world’s first truly digital bond trading solution gives you direct electronic access to all global bond markets.
Fast and reliable access to the markets from your phone, tablet, laptop or multi-screen desktop set-up.
24/5 expert service
Professional support whenever markets are open, including technical assistance, market analysis and access to personal sales traders.
Digital dealer auctions between 50+ of the world’s biggest bond liquidity providers generate significantly improved spreads for instant online bond trading.
|Type of bond||Average spread Improvements*|
|EU government bonds||0.14 cents|
|EU corporate bonds||0.34 cents|
|US government bonds||0.04 cents|
|US corporate bonds||0.35 cents|
|Emerging markets bonds||0.30 cents|
Fully digital trade execution
Orders are routed straight to an optimised digital dealer auction, where the top end of 50+ liquidity providers compete for your order and return the best possible price for an instant trade.
Significant cost reductions
With direct electronic access to liquidity providers, we can eliminate manual processes across the full value chain of traditional bond trading, meaning you can benefit from significantly reduced costs.
Award-winning trading platforms
Award-winning trading platforms
Powerful tools and features
Benefit from advanced technical and fundamental analysis tools, live news feeds and innovative risk-management features.
Trade bonds from the same platform and account you use for other assets, and put down your bond holdings as collateral for margin trading.
24/5 expert service
Personal relationship managers
Dedicated assistance available for platform, trading and account questions.
Dedicated sales traders
Live market commentary, risk management and trade support available from Saxo Group sales traders.
News and commentary on all major asset classes from Saxo Group’s team of strategists – the #SaxoStrats
Integrated digital support
Self-service support centre, email helpdesk and a range of educational courses.
24-hour customer service
Support with technical matters and account queries available whenever markets are open.
Local language assistance
With offices in 16 countries, Saxo Group can support its clients in the majority of local languages.
35,000 instruments. Eight asset classes. One account
A wide range of the most active and liquid government and corporate bonds in Europe, Asia, the Middle East and Africa, as well as a limited number of Latin American bonds - in total more than 5000 bonds - are available for online bond trading. The availability of Latin American bonds and US corporate bonds is expected to be expanded in the near future.
Saxo supports 33,000 bonds offline, so there is a good chance that it can be traded offline from our bond desk. Please contact Saxo to enquire about the possibility of trading the specific bond offline. If so, it will be manually traded, but will still appear in the account summary of your account just like any other position.
Bonds can be traded online 24/5 if the relevant underlying bond market is open. Trading hours will be limited to the daylight hours where liquidity in the relevant underlying bond market is best (i.e. European government bonds are open for trading in European hours).
Bonds are primarily traded in the international OTC market and less frequently on exchanges. Saxo thus utilises its counterparty network of more than 40 liquidity providers in the OTC market to source liquidity for online bond trading. For more information please see “How does a market order work?”
There are maximum limits which are set according to normal liquidity conditions in the underlying bond markets. These limits differ from €1m or higher for corporate bonds and €25m or higher on government bonds.
Bonds have different minimum trading sizes which can be as high as 50k, 100k or 200k in the relevant currency. You can see the minimum trading sizes and increment on each bond under account > Trading conditions as well as on the trade ticket. However, there are bonds which trade in lower sizes, which will also be available (a minimum limit of 10k in € or $ on all online bonds applies even if the underlying minimum trade unit for the bond is lower).
The price you will see on the platform for an online bond in the trade ticket is a live indicative price based on indicative OTC bond market prices. For this reason, actual trading prices may differ from this price. For more information please see “How does a market order work”. Furthermore, the price used in the account summary of your account is an indicative end-of-day price which may be different from actual trading prices as well as the price you will see in trade tickets.
Key Information Documents
All trading carries risk. To help you understanding the risks involved we have put together a series of Key Information Documents (KIDs) highlighting the risks and rewards related to each product. Read more
Additional Key Information Documents are available in our trading platform.