Opt into the FPLP and we may lend out your fully paid positions or excess-margin securities to other broker-dealers so their customers can short the stock or satisfy other position requirements.
You’ll receive 50% of the income that we earn by lending out the shares, accrued daily and posted monthly to your account.
Visit the Client Center to enroll in the program.
Select the enrollment option when opening your account.
There are no trading restrictions on securities that are lent out. You can sell or transfer your positions at any time, just as you would if they weren’t on loan. As required, shares will be recalled and deposited back into your account.
The Fully Paid Lending Program is available to all TradeStation clients who meet the following criteria:
Have questions about your eligibility? Contact Client Services at 800.822.0512 or 954.652.7900.
Shares lent out are not protected by SIPC.
There are potential tax consequences:
When securities are on loan you lose your ability to exercise voting rights.