Borrows Fees and Short Availability on LightSpeed

[Lambda1001]

Hello traders,

just a short question, does anybody know how are the borrow fees (intraday short locate) for HTB stocks in Lightspeed in comparison to brokers like Cobra / TradeZero / CenterPoint ? and what is their availability?

Thank you!

 

[Robert Morse]

If during trading hours you email me a few symbols, I will email you directly if the locate is available and the cost.

 

[Lambda1001]

If during trading hours you email me a few symbols, I will email you directly if the locate is available and the cost.

Amazing, I will do so.

Thank you very much.

 

[FSU]

Robert Morse, 4 minutes from post to answer on a Saturday Morning. Pretty Impressive.

 

[qlai]

Robert Morse, 4 minutes from post to answer on a Saturday Morning. Pretty Impressive.

If only he worked for IB

 

[Robert Morse]

I tried to get a job in institutional sales five years ago, they told me I was overqualified.

If only he worked for IB

 

[Overnight]

I tried to get a job in institutional sales five years ago, they told me I was overqualified.

Well, obviously you WERE overqualified for a "job in institutional sales" at IB, which is why yer now a VP of it at LS. Heh

 

[Same Lazy Element]

I tried to get a job in institutional sales five years ago, they told me I was overqualified.

Considering the conversation I had with them yesterday about my IRA, you are WAAAY overqualified

 

[TimMykes]

Considering the conversation I had with them yesterday about my IRA, you are WAAAY overqualified

tell us more

 

[Robert Morse]

When the broker I worked for back in early 2016 was shutting down, I basically wanted a job. I was 56 years old and figured where ever I ended up, I would start anywhere and work my way up. I applied for a number of jobs at a few clearing brokers and IB was one. I applied for about 6 roles, all in CT about 25 min from my home. When I was not interviewed for even one, I had to question why? I spoke to someone that told me they did not want to interview me for jobs I was overqualified for. In my mind, that meant I was too old and they wanted someone in their twenties with little but not no experience. To this day, I expect it was my age. It is one thing to not get picked but quite another to not even get a phone interview. It all worked out. Very happy at Lightspeed.