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Richard Jenkins replied to the topic Short Sale Rebate Fee for UVXY in the forum UVXY, TVIX, VXX, XIV, SVXY, VIXY, VMAX, VMIN 6 years, 10 months ago
@ereitzel Interesting that they charge the fee for one underlying but not another. As someone who trades with IB, my theory is that it does well because they charge low commissions but also make you pay for the data you want. So for someone who buys a few times a year it doesn’t make sense to pay for the data, but if you are regularly…[Read more]
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Richard Jenkins replied to the topic Short Sale Rebate Fee for UVXY in the forum UVXY, TVIX, VXX, XIV, SVXY, VIXY, VMAX, VMIN 6 years, 10 months ago
@ereitzel From reading the email it looks like they are just applying the standard loan rates, it’s not punishment. I’d be curious to ask them if they markup the rate and/or if there are any other fees associated with shorting shares.