E-Trade Web Interface Will Protect You From Hard to Borrow Short
Today, I wanted to experiment with shorting TICC. But when I submitted an order on the E-Trade web site, I got the following message:
"Your sell short order cannot be processed. This security is considered Hard to Borrow. You must complete the Hard to Borrow Trading Agreement prior to placing sell short orders for this security. Complete the Agreement now."
Before this experience, I was worried that I might short a stock that has difficulty moving. But looks like E-Trade will monitor it for you... as long as you didn't fill out the agreement.
Fri, 11 Dec 2015 12:03:48 -0800
I was playing around some more. But this time with the symbol 'X'. Instead of placing a limit order, I decided to place a market order. I got the following message:
"This security is considered Hard to Borrow. Only limit orders are accepted for sell short orders in this security."
Fri, 11 Dec 2015 15:30:24 -0800
Did your message disappear? Read the Forums FAQ.
Spam Control | * indicates required field
No TrackBacks yet. TrackBack can be used to link this thread to your weblog, or link your weblog to this thread. In addition, TrackBack can be used as a form of remote commenting. Rather than posting the comment directly on this thread, you can posts it on your own weblog. Then have your weblog sends a TrackBack ping to the TrackBack URL, so that your post would show up here.
Messages, files, and images copyright by respective owners.