Counterparties—like banks, hedge funds, and other financial institutions—borrow shares primarily to support trading and investment strategies such as short selling, hedging, or market-making. They may also borrow securities to meet settlement obligations, enhance liquidity, or facilitate arbitrage strategies. In all cases, borrowers pay a fee for the temporary use of the shares.
Apex is the principal borrower of your shares and may then lend those shares to other institutional counterparties.
