The Traderszone Network

Published in TZ Latest News 14 April, 2017 by The TZ Newswire Staff

IB short sell interest rate is based on daily latest % and only count the whole number price unit?

This is what I understand so far, please correct me if I am wrong:

Let’s say a stock short sell interest rate today in IB is 5%, IB calculates the short sell interest daily, the short sell interest for today would be 5%/365

Then tomorrow the interest rate goes up to 10%. The tomorrow interest cost becomes 10%/365

and this is true if I didn’t close the short sell and hold for 2 days.

Another issue is if the stock is $0.1, IB actually counts it as $1, the whole number of it, to calculate…

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