Registered: Sep 2011
01-25-12 11:12 PM
Quote from AAAintheBeltway:
I was scrolling through some old stuff from IB and found mention of this program. Apparently, if you sign up for it, they pay you half what they get for loaning out your stock. Since most brokers pay you nothing and still loan out your stock, it sounds like a no-brainer.
Some hard to borrow stocks command pretty hefty borrow fees, so I find this very interesting, unless I am missing something.
Anyone using this?
It sounds like an innovative but fair arrangement. If you sign up, please let us know how it turns out.