TradeStation launches new fully paid lending program

Maria Nikolova

This program allows qualified equities account holders the opportunity to earn interest income on lendable securities in their accounts.

TradeStation, a Monex Group company and award-winning online broker-dealer and futures commission merchant, today announced the launch of its Fully Paid Lending Program. This program allows qualified equities account holders the opportunity to earn interest income on lendable securities in their accounts.

“This exciting new program is a ‘win-win’ for TradeStation and for our equities traders,” said John Bartleman, President of TradeStation Group, Inc. “One of its best features is that there are no trading restrictions involved – equities traders can still sell or transfer their positions at any time, just as they would if the positions weren’t on loan.”

Under the Fully Paid Lending Program, TradeStation identifies stocks in qualified accounts that are eligible for lending. Based on market demand, some or all of a qualified client’s fully paid positions or excess-margin securities may be lent out to other financial institutions to satisfy their customers’ position requirements. While their stocks are on loan, clients automatically receive 50% of the net proceeds earned by TradeStation for lending out the shares, which is accrued daily and automatically posted monthly to their accounts. Daily income ceases to accrue when the client sells a lendable stock or the stock is no longer on loan.

“TradeStation’s program is designed specifically for our equities clients, with the overall intention of giving them the opportunity to earn incremental income,” said Michael Cavanaugh, TradeStation Vice President for Brokerage Operations.

TradeStation has made it easy to participate in the Fully Paid Lending Program. Current equities account holders can apply through TradeStation’s Client Center, while new clients can apply during the online account opening process. Clients can also opt-out of the program at any time by contacting TradeStation.

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