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Borrow/Loan Fields

The Stock Borrow/Loan window includes fields used specifically for stock loan and borrow transactions. You can add any of these fields to other trading pages using the Layout manager. TWS trading pages display both ticker lines and order lines. When you create an order, the order line appears directly below its ticker line. Accordingly, the field labels are also laid out in a top/bottom row format.

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To make labels appear as a single large label like the Underlying field, you must add the same field from both the Market Data and the Order Columns tabs.

To view the Stock Borrow/Loan and other fields that can be added to a trading window, right-click anywhere within the field titles and select Customize Layout. The fields below are displayed by default in the Stock Borrow/Loan page.

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Column

Description

Underlying

The underlying stock symbol of the stock being borrowed or lent.

Position

Your current position. In the LoanBorrowTrader, this represents your current stock position. This field is used for all asset types, it is not unique to the borrow/loan page.

Loanable Quantity

Shows the current position in the stock that is eligible for lending.

Avg Rate

The average borrow rate of your current Borrow/Loan positions.

Auction Borrow Size

The volume of shares being bid for at the Auction Borrow rate.

Auction Borrow

This value represents the best rate quoted to lend the underlying shares.

 

Click the Auction Borrow field to create a Lend order.

Auction Lend

This value represents the best rate quoted to borrow the underlying shares.

 

Click the Auction Lend field to create a Borrow order.

Auction Lend Size

The volume of shares available to borrow at the Auction Lend rate.

Auction Price

The indicative rate for the next scheduled auction. Auctions occur every 15 minutes while the Borrow/Loan market is open.

Borrow Size

The volume of shares being bid for at the last auction rate during continuous trading.

Borrow

The last auction rate that was established during continuous trading.

Lend

The last auction rate that was established during continuous trading.

Lend Size

The volume of shares available to borrow at the last auction rate during continuous trading.

Auction Volume

The total number of shares available for the next auction.

Previous Auction Volume

The total number of shares that were available for the previous auction.