Overnight interest

Discussion in 'Prop Firms' started by sun170, Jan 13, 2008.

  1. sun170


    Just curious for those of you that trade through an LLC or Prop. First, are there any Prop firms that cover interest on overnights? Second, if your trading through an LLC, does your LLC cover these charges or pass them along to the trader?
  2. Traders receive interest on their short stock sales, and pay interest to the Clearing Firm if they use excess capital.


  3. What are the rates paid to the clearing firm? Does it depend at all on the amount of leverage used?