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.
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.