Alpaca recently shared key platform developments that took place last year.
Alpaca has commented on key milestones, partnerships, and innovations that have shaped their year in 2023. As they enter 2024, the team remains focused on supporting a wide range of open financial services in an inclusive manner.
Alpaca explains that it enhances its platform “with 24/7 sub-250ms latency transaction processing, significantly improving transaction processing times.”
According to the company, the asynchronous end-of-day process aims to significantly “reduce delays, demonstrating Alpaca’s dedication to providing a robust infrastructure for efficient trading, ensuring a valuable and streamlined experience for all its customers.”
Alpaca introduces Excess SIPC Coverage, which is reportedly “exceeding standard protection thresholds to safeguard customer securities and cash.”
This enhancement is said to “reflect Alpaca’s commitment to offering enhanced protection aligned with local regulations and looking out for our customers’ frameworks.”
The firm noted that it launched Funding Wallets for Broker API, streamlining fund deposits for a seamless user experience. The feature reportedly “eliminates wire transfer complexities, ensures accurate fund allocation, and minimizes manual errors for efficient fund management.”
The firm also shared that it has introduced options for Trading API, which are coming soon.
In a landmark achievement of 2023, Alpaca announced “the upcoming launch of Options for Trading API, a highly anticipated addition to its suite of offerings.”
The beta waitlist is “open, inviting users to be pioneers in experiencing and shaping this feature.”
Alpaca notes that it also collaborated with Woodstock in order “to launch Japan’s first social US stock trading app, allowing investors to trade over 500 US stocks and ETFs in Japanese yen. The app fosters a community for learning and sharing investment portfolios.”
The firm also noted that Spaceship partnered with Alpaca in order “to redefine investing for young Australians, leveraging Alpaca’s Local Currency Trading product for Aussie-dollar trading in US markets.”
The collaboration focuses on “crafting a seamless user experience and overcoming unique challenges.”
While sharing many other updates from the past year, Alpaca confirmed that it partnered with SBI Holdings and “secured a $15 million strategic investment, accelerating its Asian business expansion.”
The collaboration with SBI Group enables Alpaca to “extend its reach to enterprise financial institutions in Asia.”
Looking ahead, the firm says that it remains dedicated to pioneering “advancements in financial technology, fostering innovation, and expanding our global footprint.”
As noted in the update, securities brokerage services are “provided by Alpaca Securities LLC, member FINRA/SIPC, a wholly-owned subsidiary of AlpacaDB, Inc. Technology and services are offered by AlpacaDB, Inc.”