Introducing the Ability toMark Locates for Credit
For the first time, 皇冠hg88688 clients will now have the additional benefit and advantage of being able to sell back short locates that are no longer needed. This patent pending innovation will help to recoup some of the initial locate cost in the following scenarios and more:
- Finished Trading For The Day
- Decided Not To Use The Locates
- Partially Used Locates
How It Works?
During the trading day, if you have locates you no longer want or need, you can mark all or a portion of your locate shares for credit by pressing the 'Credit' button next to each located symbol's quantity. By marking your locate shares for credit you will make the locate shares available on a first come first serve basis to other 皇冠hg88688 clients looking for locates in the same security. If and when 皇冠hg88688 can reallocate your locates to another 皇冠hg88688 client, you can recoup a portion of your initial locate cost.*
Any locates that you mark for credit are automatically and instantly placed in a locked state, preventing you from initiating a new short position with those locates.
What's New in the 皇冠hg88688 Locator
Who has Access
All 皇冠hg88688 account holders that are approved for margin trading have access to the new stock locator service.
* Marking your locates for credit does not guarantee payment. You will only recoup a portion of your locate costs if 皇冠hg88688 can allocate your marked for credit locates to another 皇冠hg88688 client. Prices paid for locates vary by security.