Bond Desk Pro

Fixed income trading

Bond Desk Pro

Real bond analytics and real execution on your own Interactive Brokers account — conditional orders, callable-bond pricing, and a compliance audit trail, without a Bloomberg-sized terminal bill.

Positions, P&L, and order risk checks are computed from your live IBKR account — never a simulated curve or a placeholder price. Every order, including automated conditional orders, is re-checked against your real risk limits server-side before it reaches the broker.

A bond desk for the accounts that don’t justify a Bloomberg seat

A retail or small-RIA bond book usually means one of two things: a terminal bill that doesn’t make sense for the account size, or a spreadsheet and a phone call. Bond Desk Pro sits directly on top of your existing Interactive Brokers account and adds what IBKR’s own interface doesn’t: duration, convexity and OAS analytics, a callable-bond pricing lattice, automated stop-loss/take-profit/buy-on-dip orders that execute through the same risk checks as a manual trade, and a real audit trail of what was bought, sold, and why.

A FIX engine is built in for firms ready to connect a dealer counterparty directly, plus a 21-venue broker directory for reference.

What’s in it

Live IBKR execution
Real positions, real account summary, real order placement through IBKR’s Client Portal Gateway.
Automated conditional orders
Stop-loss, take-profit, and buy-on-dip orders, persisted and polled against live market data, routed through the exact same risk-checked path as a manual order.
Bond Lab
Yield, price, duration and convexity, plus callable-bond pricing via a Hull-White lattice and OAS — checked against closed-form math.
Real portfolio analytics
A FIFO tax-lot ledger and live Treasury/FRED benchmark data drive every P&L and curve shown.
Real two-factor authentication
Encrypted TOTP secrets and hashed backup codes, enforced at login.
Broker Directory & FIX transport
A 21-counterparty reference catalog (IBKR plus 20 dealers/ATS/venues) and a real FIX session engine for when a firm is ready to connect its own counterparty directly.
The real Bond Desk Pro dashboard, right after sign-in
Bond Desk Pro dashboard right after sign-in

How the alternatives compare

Published prices are approximate public list prices as commonly cited — verify current pricing before quoting a customer.

Bond Desk Pro Bloomberg Terminal IBKR alone
Bond analytics (duration, convexity, OAS, callable lattice) Yes, built in Yes, industry standard Basic only
Automated conditional orders, risk-checked Yes Yes (AIM) Manual via TWS
Approximate starting cost Quoted (Personal / Commercial) ~$2,000+/seat/month Free platform, commissions only

Pricing

Personal and Commercial editions. Quoted per account. Email sales@polyapps-ai.com.

See your own book in Bond Lab

Connect your real IBKR account and see the analytics on your own positions.

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Copyright Norman Fuchs 2026. All rights reserved.
sales@polyapps-ai.com