Short Locates Are Now Part of Clear Street’s Standard Order Flow

Shorting in-demand stocks with Clear Street just got easier. Short locates are now built into Clear Street’s order flow, streamlining your workflow for shorting stocks. We’ll explain how the process works.

Until now, Clear Street only supported shorting easy-to-borrow stocks which encompassed roughly 6,000 names. Now, short locates are built directly into Clear Street’s order flow on web, mobile, API, FIX, MCP, Omni AI, and TradingView expanding that universe to roughly 11,000 names. That means traders can use the same workflow for stocks that require a locate and those that don’t.

When you set up a short order for a stock that requires a locate, Clear Street will display the estimated borrow rate for the stock along with the estimated overnight borrow fee. You can then submit the order, and Clear Street will run a locate automatically on your behalf.

If the Clear Street locates the desired quantity of shares, your order will be routed for execution. If the Clear Street cannot locate sufficient shares to satisfy the order quantity, your order will be rejected automatically. You can track the status of your order on the order status page or through the API locate endpoint.

Key Things to Know

• Short orders that require a locate can be placed during pre-market, regular, and after-hours sessions, but are not supported overnight. Locates expire at 8pm ET.
• The estimated borrow rate and overnight borrow fee shown are indicative and can change daily. The actual rate charged is determined during billing.

Short selling involves substantial risk, including potentially unlimited loss, and requires a margin account. Locates are not guaranteed and availability varies.