Easy to Borrow (ETB) and Hard to Borrow (HTB)

Discussion in 'Trading' started by jimcrist, May 29, 2009.

  1. jimcrist

    jimcrist

    Southwest Securities (SWS) does my clearing and they've picked up a nasty habit of charging borrowing fees on ETB stocks held overnight. They're charging me up to 4% on stocks and I don't even find out about it 'til the end of the month. I won't even borrow a stock if it's over 8%. I didn't short a single HTB stock in May, and I'm still stuck with $150 in borrowing costs for shorts held overnight. That stinks. Anyone else run into this?