I knew I wasn't going crazy... this morning I tried to short GOL, but E*Trade wouldn't let me..... even though it is on the IB List... what's up with that?
Broker with the best list of shortable stocks?
- Thread starter ZebProctor
- Start date
Here is the published short list for genesis... http://www.gndt.com/support/shortlist.htm
Anyone care to compare it to IB....I wont be able to get to it for a few days...
EDIT: well threw them into excel and counted 3997 shorts....
Nick
def
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Here's the short list published by IB:
http://www.interactivebrokers.com/en/trading/shortableStocks.php?ib_entity=llc
United States Shortable: 5904
Hah! I was right. That's a pitiful short list. None of the 8 or 9 stocks and ETFs I am currently short at various retail brokers are on Genesis' short list.
In my experience none of the direct-access brokers even begin to compete with the large retail brokers such as Ameritrade, BrownCo, and especially E*Trade in terms of shortable stocks. Those brokers have large in house inventories that are very hard for a small broker or clearing firm to compete with. Interactive Brokers may be the closest but they're still pitiful. Southwest Securities used to be good but since Reg SHO, they suck too. Makes me wonder what shenanigans they were up to in clearing short sales.
Martin
In my experience none of the direct-access brokers even begin to compete with the large retail brokers such as Ameritrade, BrownCo, and especially E*Trade in terms of shortable stocks. Those brokers have large in house inventories that are very hard for a small broker or clearing firm to compete with. Interactive Brokers may be the closest but they're still pitiful. Southwest Securities used to be good but since Reg SHO, they suck too. Makes me wonder what shenanigans they were up to in clearing short sales.
Martin
If I remember correctly, they clear through Southwest, correct? I opened an account with JPR (which clears through Southwest) just for shorting. In 3 months, I have attempted several shorts (that I was unable to short through IB) and every single one was rejected. I would assume that all Southwest firms have the same short list.