Interactive Brokers has introduced a new Shortable Search tool
Interactive Brokers has introduced a new Shortable Search tool
Interactive Brokers, a prominent global trading platform, has introduced a new tool called the Shortable Search feature, designed to give traders greater transparency and ease in identifying shortable securities. This new feature aims to streamline the short-selling process, allowing users to quickly and efficiently locate shares available for shorting across a wide range of global markets.
The launch of this tool comes as Interactive Brokers continues its focus on empowering traders with advanced technology, making it easier to execute complex trading strategies like short-selling. With the Shortable Search tool, users can now search for available shortable securities in real-time, gaining access to crucial information such as the number of shares available to short and the associated borrowing costs.
Short-selling is a strategy where traders borrow shares of a stock they believe will decrease in value, selling them in the hope of buying them back at a lower price. However, one of the biggest challenges in short-selling is identifying which stocks are available for borrowing and understanding the costs associated with doing so. Interactive Brokers' Shortable Search tool addresses this issue by providing a centralized platform where traders can see shortable securities and real-time data on share availability. It is also possible to search for short securities by symbol and exchange, ISIN or CUSIP number. You can also search for short bonds by credit rating.
By giving users access to real-time shortable share data, Interactive Brokers is improving the transparency of short-selling and offering a significant advantage to active traders. This feature allows for better planning and risk management, as traders can now have a clearer understanding of the costs involved before executing a short trade. According to a video demonstration shared by the company, traders can use the tool directly within the trading platform or through the broker's mobile app, making it convenient for both desktop and mobile users.
The Shortable Search tool is designed to be intuitive and easy to navigate. Once logged into the platform, traders can access the tool from the main menu, where they are able to enter a stock symbol to instantly view the number of shortable shares and the borrow fees. This integration into Interactive Brokers' broader trading platform provides a seamless experience, ensuring that traders do not need to rely on third-party tools or sources for information on shortable securities.
The launch of the Shortable Search tool is the latest in a series of updates by Interactive Brokers aimed at enhancing user experience and improving trading efficiencies.
Read also: Webull announced the launch of options trading in Canada
