My trading strategy involves going long-short equities (mostly ETB) with a holding period of up to several months. Currently, I'm using IB but am trying to shop around to see if there might be a broker (US, must offer Portfolio Margin) with more competitive rates.
For example:
- 200k in Short Positions on IB, getting paid ~1,67% interest on 200k Short Sale Proceeds
- 200k in Long Positions on IB, needing to pay ~5.75% interest on -200k Net Cash
I'd like to get a closer spread between 1.67 and 5.75% or even more ideally find a broker that does not separate Short Sale Proceeds out of Net Cash.
Does anyone have any recommendations?
Thanks!
Submitted February 20, 2023 at 11:54PM by Poleris https://ift.tt/lIwH48G
