Interactive Brokers or Center Point?

El_Cubano said:
Maybe do a little research and not expect to be spoon fed all the answers.
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Don't mind if I do.:

  • All locates are for the day only and expire at the day’s end (8pm EST).
  • If a locate is held overnight, then an additional 2x the initial rate is applied for Monday, Tuesday, and Wednesday and 4x for Thursday or Friday (following the settlement calendar holidays would add an additional day). This fee is applied one time for applicable shares.
  • All short positions are subject to short interest charges by the clearing firm.
 
Using both.
For HTB centerpoint is definitely better.

But beware of location fees, they get up very high, when there is a lot of demand for shorts.

It also happens, that you pay location fees on stocks that are Easy to borrow at ibkr.
Typically 0.012 per share is a number i often see at cp.
 
Please check us out at TradeZero. We are commission free using SMART router or can provide hybrid DMA and SMART routing, where if you route NASDAQ or EDGX on passive orders, we wil pay you $1 per 1000 shares executed.

In addition, we are the only broker that allows you to sell back your unwanted locates to others once you no longer need them.
Free to try, free to fund and we have some free platforms to use for trading.
www.tradezero.us
 
TradeZero_Dan said:
Please check us out at TradeZero. We are commission free using SMART router or can provide hybrid DMA and SMART routing, where if you route NASDAQ or EDGX on passive orders, we wil pay you $1 per 1000 shares executed.

In addition, we are the only broker that allows you to sell back your unwanted locates to others once you no longer need them.
Free to try, free to fund and we have some free platforms to use for trading.
www.tradezero.us
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Can TradeZero locate as quickly or the same as CP? Asking because I am tired of IBKR’s inability to find me shares on pumps until the move is over.
 
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