TradeStation is pleased to introduce the Intraday Short Locate app, which enables customers to request locates of non-ETB securities without having to pick up the phone. Once locates are approved, customers with equities margin accounts can sell short non-ETB stock as they would ETB stock within the TradeStation platform, including in strategies running EasyLanguage®.
With the Intraday Short Locate app, you simply identify which stocks you want to sell short and send locate requests for the maximum needed shares for each symbol either before market open or before the desired trade. This allows you to incorporate non-ETB short sales in automated trading strategies throughout the trading day.
All short locate requests are valid for same-day trading, and new locate requests are required for each trading day. Any approved locate that is not used the same day expires at the end of the trading day. Intraday short locate requests are serviced from 7 a.m. to 5 p.m. ET, with trading commencing at 8 a.m. ET.
The Intraday Short Locate app will be automatically distributed to all clients who download the all-new TradeStation 9.5 Update 14, creating a seamless user experience. Although the app will work with previous versions of TradeStation, its functionality will be limited and manual download and login may be required to launch the app. The Intraday Short Locate app is available for use only in the TradeStation desktop platform at this time.
TradeStation platform access is required to use the Intraday Short Locate TradingApp.
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