Anyone trade the ICE FANG contract today ?

Discussion in 'Index Futures' started by ajacobson, Nov 8, 2017.

  1. sle

    sle

    Well, while that's true in theory, it's not exactly true in practice. Funding and borrow costs differ across the platforms, while if there is an exchange-traded product it's far more transparent. Also, futures provide long/short symmetry with regards to borrow and funding costs - right now, if you are long a HTB stock, you get no benefit while your broker is getting rich.
     
    #21     Nov 10, 2017
    iprome likes this.
  2. Robert Morse

    Robert Morse Sponsor

    And shorting a future does not require a locate or have buy-ins.
     
    #22     Nov 10, 2017
  3. Maverick74

    Maverick74

    Doesn't IB brag that pay you those high borrow rates when a stock is hard to borrow so they can lend your shares?
     
    #23     Nov 10, 2017
  4. sle

    sle

    I am not using IB, for obvious reasons. For brokers that do some pass-through, in most cases the “bid-ask” on these rates (borrow vs rebate) is like half of the carry. I am sure IB is not an exception.
     
    #24     Nov 10, 2017
  5. ajacobson

    ajacobson

    A little over 400 first day.
     
    #25     Nov 11, 2017