Wedbush Securities Announces the Launch of Real-Time Automated Locate Service

LOS ANGELES--(BUSINESS WIRE)--Wedbush Securities, a leading financial services and investment firm, is proud to announce the launch of fast and efficient services for easy-to-borrow, locates and hard-to-borrow securities. This service is designed to allow our correspondents to conduct their short-selling activity more efficiently. Wedbush offers a comprehensive solution for broker-dealer correspondents to support their business needs.

Wedbush’s state-of-the-art, fully automated locate system enables correspondents to secure locates via API in real time before executing short-sale orders. Built with cutting-edge technology, the system leverages deep inventory from some of the world’s largest lenders, providing quick and seamless access to secure locates in a fast-paced market. Clients can submit locate requests using either the API or an online portal, with real-time fulfillment visibility.

Key Features of Wedbush’s Automated Locate Service:

• Real-time access to easy-to-borrow, locates, and hard-to-borrow lists via API
• Extensive access to pre-borrows and indicative pricing for hard-to-borrow securities
• An integrated ecosystem designed to meet the growing demands of borrowing markets
• A highly experienced securities lending team with strong relationships with leading financial institutions dedicated to supporting correspondents' borrowing needs

Rob Paset, Co-Head of Multi-Asset Clearing and Prime Services, commented, “Many of our correspondent’s clients include short selling as part of their strategy. In our continuous effort to expand the tools we offer, a fast automated locate and borrow system was the next logical step to better serve their needs.”

About Wedbush Securities

Wedbush Securities is a premier financial services and investment firm providing a wide range of securities brokerage, wealth management, and investment banking services to individuals, institutions, and corporate clients. Wedbush is one of only six U.S. firms offering equity and futures clearing, as well as being a registered swap dealer. With a legacy of trust and innovation, Wedbush is committed to empowering clients with comprehensive financial solutions and industry-leading expertise. Member NYSE/ FINRA / SIPC