Looking for broker with borrows for OTCBB/PINK

O

otcstockfund

Got accts at IB and 2 penson brokers, penson never has any and IB rarely does when i want them, anyone know of any brokers that have good borrows on OTCBB/PINK
 
Quote from rmorse:

Did you get my e-mail about third party locates? This is the best way to get it.
More...

I am also curious about getting borrows for OTCBB/PINK Sheet stocks. If you could let me know as well, I would appreciate it.
 
Quote from rmorse:

Did you get my e-mail about third party locates? This is the best way to get it.
More...

I join the question. Could you tell me more about borrowing from third party locates.
 
http://locatestock.com/Home.aspx

Your prime broker has to allow third party locates. They charge a premium for a day trader to receive this locate. They charge a much higher fee for over night borrows. In most cases, this is the only way traders can short these stocks. It is a business decision as to if the cost is worth it.

If anyone would like a contact over there, e-mail me your contact information, where you clear your trades, and I'll forward that information to my contact there.

Bob
 
I don't believe its a requirement for a clearing firm to receive third party locates, its in their discretion. Many won't accept delivery from outside sources, locatestock or others.
 
Quote from mews:

I don't believe its a requirement for a clearing firm to receive third party locates, its in their discretion. Many won't accept delivery from outside sources, locatestock or others.
More...

Sorry, I did not intend to make a statement.Correct. That's why they would have to ask their Prime Broker. I was saying to use the service, the Prime would have to allow it.
 
You must log in or register to reply here.
Back
Top