Choosing a broker to trade a new pairs strategy, that involves shorting some high flying stocks, for example over the last few months names like VUZI,MGNI,BLNK,LEDS,WKHS,VXRT,DDD etc... Is this feasible? I know years ago IB had a good borrow list without having to put in a locate request (I am a small fish for starting out at least), any other broker recommendation (and a bonus if the platform can do a stop loss/profit target on a long/short pair)
Broker for shorting
- Thread starter promagma
- Start date
CenterPoint comes up quite often:
https://www.elitetrader.com/et/search/12660123/?q=Centerpoint&o=date&c[node]=2
Though everyone outside IB uses locate requests, so I’m not sure if/why brokers like LightSpeed wouldn’t be able to offer the same locates, especially as they usually come from external providers who serve variety of brokers. Otherwise no broker would be able to find enough shares for shorting within just their own pool.
https://www.elitetrader.com/et/search/12660123/?q=Centerpoint&o=date&c[node]=2
Though everyone outside IB uses locate requests, so I’m not sure if/why brokers like LightSpeed wouldn’t be able to offer the same locates, especially as they usually come from external providers who serve variety of brokers. Otherwise no broker would be able to find enough shares for shorting within just their own pool.
Robert Morse
Sponsor
We offer both inventory from our clearing broker with an email to support and third party locates on the software with a request tool. The third party ones have a cost per share. GME is ETB today, I just wanted to show what the tool looks like.
Ah, I found what I was looking for. This website shows the historical availability at IB, I shouldn't have any problem.
https://iborrowdesk.com/
https://iborrowdesk.com/
Yes it’s possible only if the broker you choose is dependable and can be trusted for shorting. You can find many of them.
I can find almost any stock with tradezero.co. Is better than IB for short