Wedbush Securities launches real-time automated locate service
07 February 2025 US
Image: Kanika_Graphic/stock.adobe.com
Wedbush Securities has launched capabilities for easy-to-borrow, locates, and hard-to-borrow securities.
This service is designed to allow correspondents to conduct their short selling activity more efficiently.
Wedbush’s fully automated locate system enables correspondents to secure locates via API in real time before executing short sale orders.
The system uses deep inventory from lenders, providing access to secure locates in a fast-paced market.
Clients can submit locate requests using either the API or an online portal, with real-time fulfillment visibility.
Key features of the service include an experienced securities lending team dedicated to supporting correspondents' borrowing needs; and extensive access to pre-borrows and indicative pricing for hard-to-borrow securities, the company confirms.
Commenting on the news, Rob Paset, co-head of multi-asset clearing and Prime Services, says: “Many of our correspondent’s clients include short selling as part of their strategy.
“In our continuous effort to expand the tools we offer, a fast automated locate and borrow system was the next logical step to better serve their needs.”
This service is designed to allow correspondents to conduct their short selling activity more efficiently.
Wedbush’s fully automated locate system enables correspondents to secure locates via API in real time before executing short sale orders.
The system uses deep inventory from lenders, providing access to secure locates in a fast-paced market.
Clients can submit locate requests using either the API or an online portal, with real-time fulfillment visibility.
Key features of the service include an experienced securities lending team dedicated to supporting correspondents' borrowing needs; and extensive access to pre-borrows and indicative pricing for hard-to-borrow securities, the company confirms.
Commenting on the news, Rob Paset, co-head of multi-asset clearing and Prime Services, says: “Many of our correspondent’s clients include short selling as part of their strategy.
“In our continuous effort to expand the tools we offer, a fast automated locate and borrow system was the next logical step to better serve their needs.”
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