Exchange - Knight BondPoint for Munis
Certain products may trade shorter hours. Click the Product Description link in the Products section below to find specific trading hours for a product.
Notes on Order Types:
- Munis are only available for US cleared customers.
- Munis cannot be traded through IRA accounts.
- To qualify as "comparable" to your target bond for price comparison in TWS, a bond must meet all of the following criteria:
- It must have the same organization type, bond type, debt class and rating as the target bond.
- It must have identical watchlist status as the target bond (either "none", or "marked for upgrade" or "marked for downgrade").
- The difference between the target bonds coupon rate and the associated bonds rate must be 50 basis points or less.
- The difference in maturity date between the target bond and the associated bond must be one year or less.