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Well, apparently there is frontrunning and then there is really frontrunning, cf. the link below. https://www.zerohedge.com/news/2018-09-15/robinhood-investing-app-makes-millions-selling-users-data-high-frequencstealing

That clients open more than 10 million accounts when Robinhood offer no advantages.

Robinhood fined $1.25MM for allowing four broker dealers to frontrun orderflow. The CEO of one of Robinhood's brokers just bought a quarter billion dollar penthouse in NYC. Robinhood has now surpassed 10 million accounts. Makes zero sense.

"Daily Margin Interest (Short Position) = The Daily Market Value of the Borrowed Stocks when Market Closes* Margin Rate for That Stock/360." http://www.webull.com/pricing

I would focus on the latter part "... or give to kids but whom have no interests in trading." If they have no interest in something that is extremely valuable and have required an extreme amount of effort, hours and risk to achieve, they are too privileged. Take away their privileges (a.k.a...

https://americanexpatfinance.com/news/item/298-charles-schwab-telling-clients-in-europe-accounts-must-move What sets Italy and France apart from the rest of the EU that makes Schwab close down all client accounts in Italy and France? Maybe some sort of regulation unique for Italy and France...

Yep, as I noted, at which time the stock was already up around 40% on around 50.000 shares traded.

December 09, 2019 06:45 AM Eastern Standard Time: https://www.businesswire.com/news/home/20191209005234/en/Merck-Acquire-ArQule-Advancing-Leadership-Oncology Up around 40% in the pre market on around 50.000 shares traded before the time stamp of the press release. Hmmm...

I cannot come up with one single argument for choosing Robinhood. Despite this they've now got 10 million accounts. https://www.forbes.com/sites/donnafuscaldo/2019/12/04/mobile-trading-app-robinhood-now-has-more-than-10-million-accounts/#4d644f0d3f81

No, the reason this fee seems outrageous is because the original poster paid 5.6% x 7 = 39% to short overnight. As previously noted Tradezero clearly state on their website that they charge "7x market rate cost for 1st night." https://www.tradezero.co/pricing What I do not understand is why...

He paid USD 385. At IB it would have cost around USD 18.

Thanks for the heads up. I have never had an account with any of them. However, I am surprised that Schwab would be less capable of finding stocks to borrow compared to IB given that Schwab's own pool of stock is much bigger. (I am in no way suggesting that IB rips anybody off charging 675%. I...

If anyone has an account at Schwab, Ameritrade, Etrade, Fidelity, Lightspeed, Tradestation or any other broker, would you be so kind to quote what the current short borrow fee is on ASLN so we can compare with the current rate of 675% at Interactive Brokers? It could be interesting to gauge...

Well, the short borrow fee rate on ASLN on Interactive Brokers right now is 675%. So if we - like the original poster - took a short position of 180 shares at the price of 5.5, the cost overnight at Interactive Brokers would be 180 x 5.5 x 675%/365 = 18 bucks. The cost at Tradezero according to...

Thanks for the answer. Could you as an example post here what the locate fee was for ASLN overnight from yesterday till today (which is then multiplied by 7)? There seems to be some confusion as to whether we are comparing apples to apples. Posting this will clear out the confusion, because we...

"7x market rate cost for 1st night" https://www.tradezero.co/pricing It is completely straightforward and not hidden. It has been this way since the first time i checked Tradezero. The puzzle is why anyone would use Tradezero to short stocks on these terms and why it makes sense for Tradezero...

Shouldn't you divide by 365 instead of 250?

In that case it would only be 7 times for the first day, I assume. That is 7 times for Friday overnight and 1 times regular rate for Saturday and Sunday overnights. However, what is meant by "regular rate" is also a shaky concept, I guess, as I assume that is up to the broker to decide.

What I miss in general is a study comparing short borrow rates among brokers. I checked the Bloomberg terminal. It does not carry this data. Of course I could simply open accounts across the board. However, being situated in the EU prevents that.

From their website. At least they have always been honest about it. But is is not a healthy business model. Who in their right mind would continue to use them as a broker when they find out that they pay 7 times for day 1, if they missed the information on their website before opening an account.