From the date of the trade to the settlement date, our securities financing services are backed by our dedication to providing automated trading solutions to our clients.
Overview
Query tool
Our lookup tool will not only help you find hard-to-borrow stocks, but it will also protect you from compensation buyouts and recalls.
See short-sellable stocks in real-time by:
- Add the Shortable Stocks, Rates, and Discount Rates columns to TWS to see which stocks are available for shorting, the current interest rate for borrowed stocks, and the discount rate for each stock.
- Use our fully electronic, self-service shortable product (SLB) search tool in the client portal to search for real-time availability of shortable securities and set up notifications to notify you when they are available to borrow.
Transparent rates
Through the use of automated price searches and optimized credit ratings, our securities lending services bring transparency, reliability, and efficiency to the stock lending market. We combine multiple resources to arrive at an indicative rate, which is displayed in an automated securities lending tool along with the securities that can be shorted.
We also display daily interest rate history and intraday time and sales data for stock borrowing and borrowing fees in a graphical form in the SLB Rate window, which you can access through the Mosaic workspace in TWS.
Global coverage
We can connect multiple counterparties around the globe to help clients execute short selling strategies. For example, in the U.S. alone, we connect to more than 60 counterparties, including borrowers and broker-dealers.
We have a dedicated team of SLB desks in the U.S., Europe, and Asia ready to help you with all your securities lending needs, including any stock borrowing and lending questions.
Pre-Loan Program
Clients with a Portfolio Margin account can join our Pre-Borrow program, which allows shares to be borrowed to reduce the chance of being bought on the settlement date. Once you are enrolled in the Pre-Borrow program, you can use the "Borrow Shares/Loan" feature in Trader Workstation (TWS) to pre-borrow shares in anticipation of a short sale.
Pre-borrowing helps avoid buying by ensuring that the stock can be shorted before you can sell it short. Without an upfront borrow, you won't be able to determine if you have purchased the shares before selling them short.