Find Those Hard-To-Borrow Stocks More Easily With Centerpoint.ca, The Service Helping Make Investing In US Markets Easier For Canadians
Detroit, Michigan
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October 23, 2023 09:00 AM Eastern Daylight Time
By Meg Flippin, Benzinga
With interest rates still rising, a U.S. election on the horizon and an unpredictable job market, stock markets are volatile. That may spook some investors, but for more active traders, especially those residing in Canada, it could spell opportunity in good and bad times.
By investing in U.S. stocks, Canadian investors are able to diversify geographically, access a variety of industries and access two markets that tend to outperform at different times. From 2002 to 2009 the Toronto Stock Exchange did better as the U.S. dealt with a deep recession. From 2011 to 2021 it was the Nasdaq’s turn to outperform. The divergence makes sense given that Canada’s stock market is weighted heavily with energy, financial and industrial stocks, while the U.S. stock market is more tech and communications-heavy. With U.S. stocks you also get access to some of the world’s biggest growth companies like Apple Inc. (NASDAQ: APPL), Microsoft Corp. (NASDAQ: MSFT) and Amazon.com Inc. (NASDAQ: AMZN), and stocks like Nvidia (NASDAQ: NVDA) offer exposure to high-growth industries like AI. Of the world’s investable market, the U.S. accounts for nearly 60%.
CenterPoint.ca Makes Access To U.S. Stocks Easier For Canadians
When it comes to investing in U.S. stocks, active Canadian traders don’t have endless options. Especially if they want an extensive list of stocks they can short. CenterPoint Securities, backed by ClearStreet – the fintech with over $400 million in capital – is helping change that. Last month, it launched CenterPoint.ca, an advanced trading platform that gives active Canadian traders and investors access to U.S. stocks and options. CenterPoint made a name for itself in the U.S. among traders and investors who demand an extensive short inventory – and it's now bringing that to Canada.
Short Trades Made Easy
Your short trade is only as good as the amount of shares available to borrow. You don’t want to spend time setting up a trade only to not execute because of a lack of availability. To minimize that from happening, CenterPoint has an exhaustive list of over 5,000 easy-to-borrow stocks that are updated daily.
For more experienced traders, CenterPoint grants access to hard-to-borrow stocks and locates. Shorting stocks that require a locate means they are much harder to secure. To get them investors often have to request a short locate with their broker, who then has to actively search for the shares. As a result, there are usually fees during the search and when the order is fulfilled.
With CenterPoint, you don’t have that added step. Traders and investors can locate stocks to short directly from the trading platform. Simply enter the ticker and number of shares to borrow, and the short locate tool does the work. If the shares are available to locate, you’ll know exactly how much the fee will be so you can make an informed decision. With CenterPoint’s tool, you don’t pay any fees unless you accept the locate.
Backed By In-House Securities Lending Team
CenterPoint’s locate tool is backed by an in-house securities lending team that is skilled at finding hard-to-short stocks. At CenterPoint, over 100 million shares are located monthly, and more than 20,000 locate orders are filled. The average order fill size is over 4,000. Not many other brokerages, including ones entering the Canadian market, can say the same.
Diversification isn’t only about investing in different sectors or asset classes, international exposure can also be a great diversification strategy. For active traders, CenterPoint.ca makes it easy to invest in one of the biggest stock markets in the world.
This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice.
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