Shorting Stocks - (newbie question)

[1245]

Quote from Stoxtrader:

FinViz keeps a list of "shortable" stocks, but like IB I think the list will never be realtime updated.

Does *any* broker or other service keep a list of shortable equities, updated often enough to be considered realtime?

Brokers get an "easy to borrow" list, not the other way around. It gets loaded every morning. If it's not on the list, you need a locate.

 

[Stoxtrader]

Quote from 1245:

Brokers get an "easy to borrow" list, not the other way around. It gets loaded every morning. If it's not on the list, you need a locate.

Aha. Searching for "easy to borrow" brings up this, a blog post implying that Thinkorswim is a good broker/platform for shorting.

http://investingfreak.com/2010/05/s...res-to-borrow-of-stocks-at-different-brokers/

 

[deucy28]

Quote from 1245:

If you are short a stock on the X-DIV date, you owe the dividend to the person you borrowed the stock from.

Thanks 1245 !

 

[PaperWood]

Short stocks of loss making companies and whose employees are involved in illegal activities such as JP Morgan.

 

[may200816023110]

1. what's the 'shortable' definition of tick type?
2.what's the meanings of trades,midpoint as below:
Determines the nature of data being extracted. Valid values include:
l TRADES
l MIDPOINT
l BID
l ASK
l BID_ASK
l HISTORICAL_VOLATILITY
l OPTION_IMPLIED_VOLATILITY

plus: I am a chinese ,I don't kown how to translate these words.

 

[saico]

Short a stock you don't have requires the brokers to find a "locate" and give you permission to short the stock so they can make good delivery.

If your firm can't get a locate, you can't short it.

Lets assume a broker works with 2 different clearing firms. Firm A has a very short list and firm B has a better list of shortable stocks. Does it depend more on the clearing then to provide stocks for short selling transaction, or is it still the broker?

 

[1245]

If you broker is not a self clearing broker, they introduce your account to a prime broker for clearing, custody, stock loan and borrowing for margin. What ever Prime broker you open your account at, will be the only one that will provide you a stock locate and stock loan.

So, not the broker, but your clearing firm has that responsibility.

 

[saico]

If you broker is not a self clearing broker, they introduce your account to a prime broker for clearing, custody, stock loan and borrowing for margin. What ever Prime broker you open your account at, will be the only one that will provide you a stock locate and stock loan.

So, not the broker, but your clearing firm has that responsibility.

Thanks 1245, your help is more than appreciated!

 

[murray t turtle]

Short stocks of loss making companies and whose employees are involved in illegal activities such as JP Morgan.

Amen[ A]AIG, BAC [C] Citicgroup sector . Citigroup is a penny stock with a reverse split X 10.In other words, @ $45, a yearly low on '' C'' is really $4.50, [penny stock]but they reverse split it X10 to trick the simple.Its amazing how many big bank losing lawsuits we see in the news ;;simply amazing trend.

Not a prediction.Dont worry, about single stocks when one can short the whole big bank sector.............................................. Thanks good question