API Trading
Hard-to-Borrow
Locate API
Integrate hard-to-borrow locate workflows directly into your Lightspeed Connect trading application.
Request locate quotes, review borrow rates and available quantity, secure eligible borrows, and incorporate the locate process into your short-selling workflow.
Locates Through The API
Build the Locate Process into
Your Trading Workflow
For eligible hard-to-borrow securities, Lightspeed Connect provides API messages for requesting a
locate quote and securing a borrow before submitting the applicable short order.
Hard-To-Borrow Workflow
From Locate Request
to Short Order
-
01
Request Quote
Submit a locate request for the desired symbol and quantity.
-
02
Review
Receive the quoted borrow rate and available quantity.
-
03
Secure Borrow
Submit a locate order to secure the borrow at the quoted price.
-
04
Submit Short Order
Continue the applicable short-selling workflow after the borrow has been secured.
Locate Quotes
Review Rate and Availability Before
Securing a Borrow
A locate quote response provides information including the quoted borrow rate and available quantity for the request.
If the quote is acceptable, your application can continue the workflow by submitting the corresponding locate order to secure
the borrow.
Borrow Classification
Check Current Borrow Classification
Lightspeed Connect includes an ETB Lookup capability for reviewing the current borrow classification of a security as part of the locate workflow.
Locate availability and applicable requirements can change. Locates documented through Lightspeed Connect are valid for the current trading day and expire at the end of the day.
API Workflow
Locate Capabilities within
Lightspeed Connect
Locate Requests
Request a borrow-rate quote for a desired hard-to-borrow symbol and quantity.
Rate & Availability
Receive quote information including the borrow rate and available quantity.
Secure the Borrow
Submit the locate order to secure an eligible borrow at the quoted price.
Lightspeed Connect Resources
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Paper Trading
Develop and validate your Lightspeed Connect integration in a simulated trading environment.
AI-Ready API Documentation
Use machine-readable API documentation in modern development workflows.
Options Trading API
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Integrate Locates into Your Trading Workflow
Explore the Lightspeed Connect API documentation for
locate requests, quotes, and orders.
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