Borrow Markets Reward Familiarity Over Speed
In many parts of the financial system, speed is the primary advantage. In stock lending, familiarity often matters more.
Access to reliable borrow is frequently shaped by established relationships, historical behavior, and perceived reliability. Borrowers who are known quantities tend to experience smoother access, more consistent terms, and greater flexibility during periods of stress.
This dynamic is not always visible from the outside. To those unfamiliar with the market, outcomes can appear arbitrary. To participants, they often reflect long-standing patterns of trust and interaction.
