Best Short Locate Service for HTB SPAC

G

gmark306

Hey guys,

I'm in the market for a new broker that provides the best Short Locate Service for Hard To Borrow SPAC shares. Especially during the days when they are about to de-spac, all the inventory at IBKR Pro (my current broker) dries up.

I did some research and CenterPoint and Cobra seem to be two good candidates. I want to know if anyone recommends them or perhaps has a better brokerage that caters to SPAC HTB stocks specifically.

All help is appreciated.

PS: If you happen to have those platforms, try looking up inventory for $RNER, whoever has it, as of today 4th Jan, would be better IMO.
 
From what I've heard, TradeZero charges $30 for ticker changes and other corporate actions. SPACs have a lot of those and paying $30 for each corp action isn't fun. Unless they are absolutely the best in locating shares, I don't think it makes sense to switch.
 
gmark306 said:
From what I've heard, TradeZero charges $30 for ticker changes and other corporate actions. SPACs have a lot of those and paying $30 for each corp action isn't fun. Unless they are absolutely the best in locating shares, I don't think it makes sense to switch.
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im sure the pnl you earn from shorting will dwarf a 30 dollar fee.
 
Tradezero charged 4 times multiples of overnight short but they changed back to 1 as I checked recently. They do not have api
 
gmark306 said:
Hey guys,

I'm in the market for a new broker that provides the best Short Locate Service for Hard To Borrow SPAC shares. Especially during the days when they are about to de-spac, all the inventory at IBKR Pro (my current broker) dries up.

I did some research and CenterPoint and Cobra seem to be two good candidates. I want to know if anyone recommends them or perhaps has a better brokerage that caters to SPAC HTB stocks specifically.

All help is appreciated.

PS: If you happen to have those platforms, try looking up inventory for $RNER, whoever has it, as of today 4th Jan, would be better IMO.
More...
When looking for a broker specializing in short locate services for hard-to-borrow (HTB) SPAC shares, consider factors like reputation, inventory availability, borrowing costs, trading tools/platform, and customer service. CenterPoint and Cobra are known brokers, but it's best to do your own research
 
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