What is my overnight borrow rate?
If a locate is held overnight, then an additional 2x the initial rate is applied for Monday, Tuesday, and Wednesday trade dates and 4x for Thursday or Friday (following the settlement calender). This additional fee is only applied one time while ...
When will locate fees be deducted from my account?
The fees will be deducted on the day following the initial locate activity. You will see this line item on the “Account Activity” page under the label “HTB Fees.”
Will I be charged for locates if I don’t end up executing a trade?
You will be charged for locate fees upon accepting shares within the platform. This fee applies whether or not you execute a trade with these shares.
How much do short locates cost?
Every symbol has a different cost depending on many factors. The charges will be assessed on a per-share basis. You can use the Short Locator tool to get up to date pricing.
How do I secure locates?
You can secure locates using the Short Locator tool within the DAS Trader platform. This tool is available from 4AM to 8PM EST.