What are Stock Borrowing Fees?
In order to short a stock at thinkorswim, our clearing firm has to borrow it from someone i.e. another clearing firm who holds a long position to deliver to the buyer on the other side of your short sale. If you wish to short a stock that is in short supply because of volatility, small float, etc. there is an additional charge depending upon demand for that particular stock. thinkorswim, Inc. passes that Stock Borrow fee along to you from our clearing firm. This rate will vary based upon market rate to borrow the security requested. Again, this fee is passed on to you from our clearing firm. Sorry.
