***This function is not supported with IB and TD Ameritrade. Please contact IB and TD Ameritrade directly for the locate request. Once done, you should be able to short trade the symbol on DAS.
The Short Locate function allows the trader to instantly request locates of hard-to-borrow (HTB) securities without having to contact your broker. Normally, the process takes up to 20-30 minutes of a trader’s time, but with this feature, the trader bypasses the lengthy process of negotiating a symbol’s price, shares…etc. with the broker and allows the trader the instant ability to short non-ETB stock on the software. However, it does require that your broker is compatible with this feature, so you must contact your broker to ensure they also support this feature.
Click on the Trade Menu and select the Short Locate option to open the Short Locate window. Now you can enter a symbol, shares, and select a route to do a price inquiry. If the price is acceptable, you can go to the Locate Order section to enter your account and locate the shares and submit the short locate request. After a locate request has been accepted, you can still click on the cancel button to cancel it. The following is a brief explanation of each status of the locate request:
Hint: In the Locate Order step, a locate shares cannot be greater than an inquire shares. All short locate requests are valid for the same-day trading, and new locate requests are required for each trading day. Any approved requests for shares that are not used by the end of the same trading day will expire. You can contact our support staff at [email protected] if you need further assistance.
DATA AND INFORMATION PROVIDED BY DASTRADER OR ANY OF ITS AFFILIATES, THEIR MEMBERS, DIRECTORS, OFFICERS, EMPLOYEES, AGENTS, AND CONTRACTORS (“DAS”) IS FOR INFORMATIONAL PURPOSES ONLY, AND IS PROVIDED BY DAS ON AN “AS IS” BASIS. DAS EXPRESSLY DISCLAIMS ANY AND ALL WARRANTIES, EXPRESS OR IMPLIED, INCLUDING WITHOUT LIMITATION WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE AND A WARRANTY FOR NON-INFRINGEMENT, WITH RESPECT TO THE DATA AND INFORMATION. IN NO EVENT SHALL DAS BE LIABLE FOR ANY DIRECT, INDIRECT, INCIDENTAL, PUNITIVE, OR CONSEQUENTIAL DAMAGES OF ANY KIND WHATSOEVER (INCLUDING, BUT NOT LIMITED TO, LOST PROFITS, TRADING LOSSES, INTERNET SECURITY BREACHES AND DAMAGES THAT MAY RESULT FROM THE USE OF THE DATA AND INFORMATION, ANY DELAY OR INTERRUPTION OF SERVICE, OR OMISSIONS OR INACCURACIES IN THE INFORMATION) WITH RESPECT TO THE DATA AND INFORMATION.
USER SHALL NOT, (I) INTERFERE WITH THE DAS SYSTEM BY USING VIRUSES OR ANY OTHER PROGRAMS OR TECHNOLOGY DESIGNED TO DISRUPT OR DAMAGE ANY SOFTWARE OR HARDWARE, (II) MODIFY, CREATE DERIVATIVE WORKS FROM, REVERSE ENGINEER, DECOMPILE OR DISASSEMBLE ANY TECHNOLOGY USED TO PROVIDE THE DAS SYSTEM, OR MAKE OR DISTRIBUTE ANY OTHER FORM OF, OR ANY DERIVATIVE WORK FROM THE SYSTEM, (III) USE ANY DEVICE OR PROCESS TO GAIN ACCESS TO PROPRIETARY INFORMATION RELATED TO THE DAS SYSTEM AND ITS SOFTWARE, (IV) ENGAGE IN ANY ACTIVITY THAT MATERIALLY INTERFERES WITH THE OPERATION OF THE TECHNOLOGY SERVICE. USER SHOULD NOT USE ANY TECHNOLOGY (NOT LIMITED TO VPN, PROXY, ETC.) KNOWN TO MASK OR HIDE COMPUTER INFORMATION AND IP ADDRESSES. USER AND AFFILIATES ARE AUTHORIZED TO USE EXCHANGE DATA. USER AND AFFILIATES MAY CREATE DERIVATIVE WORKS FROM THE EXCHANGE DATA. USER AND AFFILIATES MAY UTILIZE DERIVATIVE DATA AS NEEDED FOR TRADING PURPOSES.
FINALLY, THE USER, AS A CONDITION TO VIEWING THE DATA AND INFORMATION, EXPRESSLY WAIVES ANY CLAIM IT MAY HAVE AGAINST DAS, AND UNDERSTAND THEY ARE RESPONSIBLE FOR ANY SUBSCRIBER MARKET DATA COST AND ACCESS USAGE. PLEASE NOTE THAT ACCOUNTS WITH PREFIX ‘TR’ ARE DESIGNATED AS A TRAINING ACCOUNT. ALL TR ACCOUNT’S TRADES ARE IN SIMULATION FOR TRAINING PURPOSES ONLY. CERTAIN EXCHANGE MARKET DATA FEEDS ARE 15 MINUTES DELAYED AND IS CREATED AS “AS IS” BASIS. THESE ARE THE INDICES FOR TSX, CBOE & RUSSELL AND TSX LEVEL 1. ALL OTHER FEEDS ARE DELIVERED IN REAL-TIME. ANY UNAUTHORIZED USAGE OF MARKET DATA AND ACCESS WILL BE DEEMED AS THEFT OF SERVICE AND DAS RESERVES THE RIGHT TO COLLECT FEES WITH APPLICABLE FINES AND PENALTY.
Thank you for your interest in the DAS/TD Ameritrade integration! The beta testing of this integration began in July of 2020. Once beta testing is complete, the on-boarding and ‘go-live’ process will begin end of September 2020.
If you are interested in learning more about the DAS/TD Ameritrade integration once it is ready for the public, please fill out the form below. We will send an email when the integration is live.
If so, sign-up for the 14-Day Trial here
Subscribe now to a DAS Package
Please select one of the following:
For Interactive Brokers
Sign up for 14 Days Trial Demo
(First time user only).
The Direct Access Software web site permits users to obtain access to information about DAS and its products. In providing this access, DAS recognizes the principles of privacy of personal information.
We refer to all of this information as “Personal Information.”
We use personal information to obtain information regarding web site usage so that we can tailor our website content to meet your needs. We also may use personal information in our marketing and sales efforts.
We do not share personal information with other non-affiliate companies.
We value the information that you share with us, and consequently, your personal information is password-protected and its availability is limited to persons who have a need to know.