Unlike stocks, bond trading usually takes place over-the-counter (OTC) rather than on centralised exchanges. A bond trade requires traders to inquire with multiple desks in the OTC market. During this process, the traders representing the buyer and seller negotiate the price and quantity of the bonds. Once they reach an agreement, the trade is executed.

1) One primary reason for longer matching time is due to the liquidity issue of bonds. Bond transactions often depend on manual processing by traders, who need time to find suitable counter-parties, especially for less common or smaller volume bonds, where finding a counter-party can be more challenging.
2) On the other hand, when bond liquidity is poor and there is a significant difference in quoted prices, the reference prices may not reflect reality. Placing orders at reference buy/ sell prices might not find a matching buyer or seller.
Therefore, influenced by multiple factors such as bond liquidity, counter-party situations, and order prices. Thus, bond trade orders may take a longer time to execute.

Fast Trade for bonds allows you to submit orders at Fast Bid/Ask prices. For example, buying at the Fast Ask price and selling at the Fast Bid price. This can free you from the frustration of long transaction times. Typically, orders are executed immediately after being placed, with no waiting time for traders to match trades OTC.
Fast Bid and Fast Ask show the current available bid and ask prices, available volume, and corresponding yields to maturity for fast bond trading.
- 【Fast Bid Price】and 【Fast Ask Price】: Represent the current prices at which orders can be executed immediately. When buying, your order will be submitted at the Fast Ask price; When selling, your order will be submitted at the Fast Bid price.
- 【Fast Bid Volume】and 【Fast Ask Volume】: Represents the total volume available for fast bond trading at the moment. The volume of a buy order can't exceed the Fast Ask volume, and that of a sell order can't exceed the Fast Bid volume.

1) Select a bond that supports Fast Trade, enter its detail page, click on the "Fast Buy" button to go to the order page;
2) On the order page, enter the purchase nomination value (NV), select the buy method as "Fast Buy", and submit your order upon confirmation;
If you have already held bonds that supports Fast Trade, you can go to "App > Accounts > Assets > Bonds > Click on the relevant bond" to enter the postion details page and carry out buy/sell operations. You can flexibly switch between regular buy/sell and fast buy/sell trading methods on the order interface;
Please note that Fast Trade orders do not support modification or cancellation.