Best short locate -cobra,guardian,centerpoint,etc

Discussion in 'Retail Brokers' started by fishindamarket, Jan 28, 2023.

  1. TradeZero_Dan

    TradeZero_Dan Sponsor

    Still appreciating your business. And if you ever had any questions on pricing or availability you can reach us on our website live chat 24 x 7 x 365.
    Let us explain to you how this works, as well as the rules that need to be followed to facilitate shorting. Since TradeZero is a broker/dealer, we must abide by SEC and FINRA rules. Locates for HTB or Threshold Securities are not permitted. You will notice on your TZ screen that the type of short that you have requested is a preborrow (PB) which differs from a locate. Since TCBP is a Reg SHO Threshold Security, we, along with all US B/Ds should not be allowing clients to locate these shares, but rather must preborrow those. Preborrows are in many cases a lot more expensive than are locates.

    To view today's NASDAQ Reg SHO List, please click here: https://www.nasdaqtrader.com/trader.aspx?id=RegSHOThreshold

    To view the SEC FAQ on locates, please click here:
    https://www.sec.gov/divisions/marketreg/mrfaqregsho1204.

    We look forward to continuing to supply you with short availability in a compliant way.
     
    #11     Apr 4, 2024
  2. Fain

    Fain

    how much shortable inventory do you have total? Ballpark?
     
    #12     Apr 11, 2024
  3. TradeZero_Dan

    TradeZero_Dan Sponsor

    Our inventory is totally symbol specific. If you would like to ping our stock loan desk on availability, please reach out to the relevant TradeZero brokerage (US, Bahamas or Canada), and ask to be connected to the stock loan desk.
     
    #13     Apr 11, 2024
  4. Fain

    Fain

    Across all symbols. How big is the box?
     
    #14     Apr 12, 2024