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To: lindend who wrote (2701)	8/1/1999 4:22:00 PM
From: DanZ	Respond to of 10293

Linden, Advanced Clearing, Inc. and Ameritrade, Inc. are wholly owned subsidiaries of Ameritrade Holding Corporation, so I would guess that Ameritrade borrows from Advanced Clearing. I don't know who the other brokers that you mentioned clear through, but I'm interested in the answer. Thanks, Dan

To: lindend who wrote (2701)	8/2/1999 11:34:00 PM
From: Knighty Tin	Read Replies (1) \| Respond to of 10293

Linden, Ameritrade is the only one I know, and they clear their own. I know, because they used to offer an 85% short sale rebate when they cleared Pershing, and now its about 20%.

To: lindend who wrote (2701)	8/3/1999 12:40:00 AM
From: Mark Marcellus	Read Replies (1) \| Respond to of 10293

Linden - Fidelity clears their trades through their own outfit, NFSC. I don't believe they go anywhere else to get their borrows. Availability of the smaller cap stocks is spotty but they can be gotten. Fidelity does not make shares of BB's or stocks under $5 available for shorting, at least not for me. FWIW, if you can get a borrow you usually get a good price for your short. It's my experience that you almost always get a good execution on a trade (long or short) with Fidelity. It's placing the trade that can be a hassle. Hope this helps, Mark