Product Listings

Stocks – North America

Click on Read more link below to find details on products traded, order types available, and exchange website information…

COUNTRY/REGIONMARKET CENTER DETAILSPRODUCTSHOURS1

United States
ArcaEdge (ARCAEDGE)Stocks (OTCBB)Monday – Friday: 8:00-16:00
Bats BYX (BYX)Stocks8:00 – 17:00 ET
Bats Global Markets (BATS)StocksMonday – Friday: 9:30-20:00
Chicago Stock Exchange (CHX)StocksMonday – Friday: 6:00-19:00
Direct Edge (DRCTEDGE)StocksMonday – Friday: 930 – 1600
Direct Edge (EDGEA)StocksMonday – Friday: 930 – 1600
IB VWAP Dealing Network (VWAP)Stocks (VWAPs)0:00 – 15:00 ET
IEXStocksMonday – Friday: 9:30-16:00
Knight SecuritiesStocks (OTCBB)Monday – Friday: 9:30-16:00
Long-Term Stock Exchange (LTSE)Stocks9:30 – 4:00 ET
Members Exchange (MEMX)Stocks9:30 – 4:00 ET
MIAX PEARLStocks9:30 – 16:00 ET
NASDAQ (NASDAQ)StocksMonday – Friday: 9:30-16:00
NASDAQ OMX BX (BEX)Stocks9:30-16:00 ET
NASDAQ OMX PSX (PSX)Stocks9:30-16:00 ET
NASDAQ/IslandStocksMonday – Friday: 4:00-20:00
New York Stock Exchange (NYSE)StocksMonday – Friday: 9:30-16:00
NYSE American (AMEX)StocksMonday – Friday: 7:00-20:00
NYSE Arca (ARCA)StocksMonday – Friday: 4:00-20:00
NYSE NationalStocksMonday – Friday: 9:30-16:00 EST
OTC Markets Pink (PINK)Stocks (OTC Bulletin Board)Monday – Friday: 9:30-16:00

Canada
Alpha ATS (ALPHA)StocksMonday – Friday: 8:00-17:00
Canadian Securities ExchangeStocksMonday – Friday: 9:30-16:00
Chi-X CanadaStocksMonday – Friday: 930 – 1600
Omega ATS (OMEGA)StocksMonday – Friday: 800 – 1700
Toronto Stock Exchange (TSE)Stocks9:30 – 16:00 ET
TSX Venture (VENTURE)StocksMonday – Friday: 16:15-17:00

Mexico
Mexican Stock Exchange (MEXI)StocksMonday – Friday: 8:30-15:00

On some exchanges, different products have different trading hours.

  1. Orders submitted outside Regular Trading Hours in an GPS Lite account are eligible to work between 07:00 ET and 20:00 ET

Stocks – Europe

COUNTRY/REGIONMARKET CENTER DETAILSPRODUCTSHOURS

Austria
Vienna Stock Exchange (VSE)StocksMonday – Friday: 9:00-17:45

Belgium
Bats Europe (BATEEN)StocksMonday – Friday: 800 – 1630
CHI-X Europe Ltd Clearnet (CHIXEN)StocksMonday – Friday: 800 – 1630
ENEXT.BEStocksMonday – Friday: 9:00-17:40
Turquoise (TRQXEN)StocksMonday – Friday: 800 – 1630

Estonia
Nasdaq Baltic (N.TALLINN)StocksMonday – Friday: 10:00-16:00

France
Bats Europe (BATEEN)StocksMonday – Friday: 800 – 1630
CHI-X Europe Ltd Clearnet (CHIXEN)StocksMonday – Friday: 800 – 1630
Euronext France (SBF)StocksMonday – Friday: 9:00-17:40
Turquoise (TRQXEN)StocksMonday – Friday: 800 – 1630

Germany
Bats Europe (BATEDE)StocksMonday – Friday: 8:00-16:30
CBOE EUStocksMonday – Friday: 800 – 1630
CHI-X Europe Ltd Clearstream (CHIXDE)StocksMonday – Friday: 9:00-17:30
Frankfurt Stock Exchange (FWB)StocksMonday – Friday: 8:00-20:00
GETTEXStocksMonday – Friday: 9:00-20:00
Stuttgart Stock Exchange (SWB)StocksMonday – Friday: 8:00-22:00
Tradegate Exchange (TRADEGATE)StocksMonday – Friday: 9:00-20:00
Turquoise DE (TRQXDE)StocksMonday – Friday: 9:00-17:30
XETRA (IBIS)StocksMonday – Friday: 9:00-17:40

Hungary
Budapest Stock ExchangeStocksMonday – Friday: 9:00-17:20

Italy
Borsa Italiana (BVME)StocksMonday – Friday: 9:00-17:42

Latvia
Nasdaq Baltic (N.RIGA)StocksMonday – Friday: 10:00-16:00

Lithuania
Nasdaq Baltic (N.VILNIUS)StocksMonday – Friday: 10:00-16:00

Netherlands
Bats Europe (BATEEN)StocksMonday – Friday: 8:00-16:30
CHI-X Europe Ltd Clearnet (CHIXEN)Stocks9:00 – 17:40 CET
Euronext NL Stocks (AEB)StocksMonday – Friday: 9:00-17:40
Turquoise (TRQXEN)StocksMonday – Friday: 9:00-17:30

Norway
OMXNOStocksMonday – Friday: 9:00-16:30

Poland
Warsaw Stock ExchangeStocksMonday – Friday: 11:00-17:05

Portugal
BVLStocksMonday – Friday: 8:00-16:40

Russian Federation
Moscow ExchangeStocksMonday – Friday: 10:00-18:45

Spain
Bats Europe (BATEES)Stocks9:00 17:30 CET
Bolsa de Madrid (BM)StocksMonday – Friday: 9:00-17:36
CHI-X Europe Ltd Clearnet (CHIXES)Stocks9:00 – 17:40 CET

Sweden
Swedish Stock Exchange (SFB)StocksMonday – Friday: 9:00-17:30

Switzerland
BATS Europe (BATECH)StocksMonday – Friday: 8:00-16:20
CHI-X Europe Ltd Swiss (CHIXCH)StocksMonday – Friday: 9:00-17:20
SIX Swiss Exchange (EBS)StocksMonday – Friday: 9:00-17:32
Turquoise CH (TRQXCH)StocksMonday – Friday: 9:00-17:30
VIRT-X (VIRTX)StocksMonday – Friday: 9:00-17:40

United Kingdom
Bats Europe (BATEUK)StocksMonday – Friday: 8:00-16:30
CHI-X Europe Ltd Crest (CHIXUK)Stocks9:00 – 17:30 CET
London Stock Exchange (LSE)StocksMonday – Friday: 8:00-16:50
LSE International Order Book (LSEIOB1)StocksMonday – Friday: 10:00-17:40

On some exchanges, different products have different trading hours.

COUNTRY/REGIONMARKET CENTER DETAILSPRODUCTSHOURS

Israel
Tel Aviv Stock ExchangeStocksSun 9:30 – 16:251
Mon-Thurs 9:30-17:151
1See Exchange site for details
Israel Standard Time 

On some exchanges, different products have different trading hours.

Stocks – Asia-Pacific

COUNTRY/REGIONMARKET CENTER DETAILSPRODUCTSHOURS

Australia
Australian Stock Exchange (ASX)**Stocks10:00 – 16:00 Sydney Time
Chi-X Australia**StocksMonday – Friday: 10:00-16:11

Hong Kong
Hong Kong Stock Exchange (SEHK)Stocks9:30 – 12:00 HKT
13:00 – 16:00 HKT
Shanghai-Hong Kong Stock Connect (SEHKNTL)StocksMorning: 09:30 – 11:30 HKT 
Afternoon: 13:00 – 15:00 HKT
Shenzhen-Hong Kong Stock Connect (SEHKSZSE)StocksMorning: 09:30 – 11:30 HKT 
Afternoon: 13:00 – 15:00 HKT

India
National Stock Exchange of India (NSE)***StocksMonday – Friday: 9:15-15:30

Japan
CHI-X Japan (CHIXJ)StocksMonday – Friday: 8:00-16:00
JAPANNEXTStocksMonday – Friday: 16:30-23:59
Tokyo Stock Exchange (TSEJ)StocksSTK: 9:00-11:30/12:30-15:00 JST

Singapore
Singapore Exchange (SGX)*StocksSecurities 9:00 – 17:00 SGT

On some exchanges, different products have different trading hours.

* Due to regulatory considerations GPS is unable to offer trading in Singapore stocks to Singapore residents. 

** Creation, redemption and physical delivery of exchange traded commodities (“ETCs”) is not supported.

*** Stocks on the NSE are only available to Indian residents.

Securities Financing 

From trade date to settlement date, our securities financing services are backed by our dedication to providing automated trading solutions to our clients.

Overview

Availability

Our depth of availability not only helps to locate hard-to-borrow securities but also gives you protection against buy-ins and recalls

View available securities for shorting in real time by:

  • Adding the Shortable Shares, Fee Rate and Rebate Rate column in Trader Workstation (TWS) to view the number of available shares for shorting, the current interest rate charged on borrowed shares and the rebate2 for each stock.
  • Using our fully electronic, self-service Shortable Instruments (SLB) Search tool in Client Portal to search for real-time availability of shortable securities and setup notifications for when a borrow becomes available.

Transparent Rates

Our securities financing services bring transparency, reliability and efficiency to the stock loan and borrow markets using automated price discovery and improved credit-worthiness. We use a combination of sources to develop indicative rates, which are displayed along with security availability in our automated securities financing tools.

We also display charted daily rate history and intraday time and sales of stock loan fees in the SLB Rates window, which is accessible in Trader Workstation’s Mosaic workspace.

Global Reach

Connectivity to multiple counterparties around the globe enables our clients to execute short sale strategies. For example, in the United States alone we have access to more than 60 counterparties, including agent lenders and broker dealers

We maintain dedicated, professionally-staffed SLB desks in the United States, Europe and Asia who are ready to help you with all of your securities financing needs, including stock loan and borrow questions.

Pre-Borrow Program

Clients with Portfolio Margin accounts can join our Pre-Borrow Program, which allows pre-borrowing of shares to decrease the chances of being bought-in on settlement date. Once you have joined the Pre-Borrow Program, you can pre-borrow stocks in anticipation of a short sale using the Stock Borrow/Loan feature in Trader Workstation (TWS).

Pre-borrowing can help to avoid a buy-in by ensuring that shares are available to short before you put on the short sale. Without a pre-borrow, you will not know for certain if shares have been procured until the short sale settles.

Stock Yield Enhancement Program

Program Overview

Earn extra income on the fully-paid shares of stock held in your account by allowing GPS to borrow shares from you in exchange for cash collateral, and then lend the shares to traders who want to sell them short and are willing to pay interest to borrow them.

Each day that your stock is on loan, you will be paid interest on the cash collateral posted to your account for the loan based on market rates.

GPS pays you 50% of the income it earns from lending the shares. 

The program is available to eligible GPS clients who have been approved for a margin account, or who have a cash account with equity greater than USD 50,000 (or equivalent).

Benefits

Simple and Automatic

GPSll aspects of share lending. Once you enroll, GPS will examine your fully-paid stock portfolio automatically. If you have stocks that are attractive in the securities lending market, GPS will borrow the stocks from you, deposit collateral into your account and lend the shares. 

Complete Transparency

When your stock is loaned out, you will see the interest rate that you are being paid on the cash collateral along with the amounts earned by GPS from lending those shares. Other brokers with similar programs generally do not disclose the market rates to you, which allows them to pay you a small piece of the pie while holding on to most of the profits.

Earn Supplemental Income

Each day that your stock is on loan, GPS pays interest on the cash collateral directly into your account.

Trade Your Loaned Stock with No Restrictions

You will see the loaned shares on your account statement, indicating that they are being loaned out. You are still the owner of the stock, which means you continue to have market risk and will recognize any profit (or loss) if the stock price moves. You can sell your shares at any time without restriction and can terminate your participation at any time for any reason.

Example:

XYZ is currently trading at USD 75.00/share. You are long 5,000 shares of XYZ, with a market value of USD 375,000.00. XYZ is in demand and commands a loan interest rate of 9%.

You sign up for GPS’ Stock Yield Enhancement Program and GPS loans out your 5,000 shares of XYZ at 9%. GPS will pay interest on your cash collateral of USD 375,000.00 x 4.5% = USD 16,875.00.

You could earn USD 16,875.00/year on stock you already own.

Eligibility

The Stock Yield Enhancement Program is available to eligible GPS clients1 who have been approved for a margin account, or who have a cash account with equity greater than USD 50,000 (or equivalent). 

Stocks that are eligible to be loaned out are all “fully-paid” stocks (stocks not held on margin) and “excess-margin” stocks (stocks held on margin but whose market value exceeds 140% of your margin debit balance).

Considerations and Risks

Shares loaned out may not be protected by SIPC.

The Securities Investor Protection Act of 1970 may not protect shares loaned out. This is why under SEC rules GPS must provide you with cash collateral in the same amount as the value of your shares to protect you in the very unlikely event that the stock is not returned to you.

Shares loaned out are typically used to facilitate short sales.

Shares are attractive in the stock loan market because other traders want to borrow and sell them short, possibly affecting the value of the shares.

Loan rates change frequently.

These rates and the interest you will receive may go down (or up) by 50% or more.

Loans may be terminated at any time by GPS.

Also, GPS does not guarantee that it will lend all eligible shares.

Voting rights go to the borrower.

During any period in which your securities are loaned out, you will forfeit your right to vote those shares by proxy.

Selling your shares or borrowing against them or withdrawing cash in a margin account will terminate the loan transaction.

If you sell the fully paid shares that have been lent out, or if you borrow the shares or withdraw cash in a margin account (such that the securities become margin securities and are no longer fully paid or excess margin securities) the loan will terminate and you will stop receiving loan interest.