Re:u/DeepFuckingValue and the GameStop Reddit mania
by jojobas on Saturday January 30, 2021 @01:15AM
(#25966717)
I believe anyone's shares can be lent out by their brokerage. That might differ broker by broker but that's the general idea, there's no dedicated "other side of the short" as such.
[ Parent
| on HN ]
Re:u/DeepFuckingValue and the GameStop Reddit mania
by joncrane on Saturday January 30, 2021 @07:00AM
(#25968393)
When I signed up for IB I had to check a box that permits IB to loan out my shares for a small fee. I'm not sure if a broker can loan out a client's shares without the client's approval.
It may be fine print in the TOS, though.