How much do locates typically cost?

If a symbol is hard to borrow, and you request a locate from Wedbush Securities, our clearing broker, those locates have no cost. If you can't get the free one, we offer premium locates from Velocity Capital with a tool built into Lightspeed Trader. That cost can vary. Your range might be typical but it can cost more or less. BTW, a locate is just that. It allows you to short a HTB symbol. That is not a borrow for overnight.
 
Though usually couple cents, just be careful with what happens later if you hold overnight.

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jharmon said:
How old?

DISCA: S&P 500 since March 2010
AMD: S&P 500 since March 2017.
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Don’t know, just copied some random example from the net to show the price range, while other examples also show $0.01 - $0.02 locate fee, so it’s just generic price range. It can vary for specific stocks at different times.
 
Robert Morse said:
If a symbol is hard to borrow, and you request a locate from Wedbush Securities, our clearing broker, those locates have no cost. If you can't get the free one, we offer premium locates from Velocity Capital with a tool built into Lightspeed Trader. That cost can vary. Your range might be typical but it can cost more or less. BTW, a locate is just that. It allows you to short a HTB symbol. That is not a borrow for overnight.
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Can locates be done after 4PM?
 
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