Alpaca’s local currency trading API now supports limit, stop, and stop limit for both nominal and fractional order types.
Additionally, Local Currency Trading now reportedly “offers extended hours trading to further open financial services to everyone on the planet.”
Local Currency Trading API enables businesses of all sizes “to offer US stock services in their customer’s local currency; supporting 15+ currencies with real-time FX conversion.”
These stock services reportedly “include trades, prices, balances, statements, confirmations, and more to enhance your customer’s investing experience.”
With Local Currency Trading API, you can “offer your customers access to new order types and take advantage of extended trading hours in their local time zones.”
Local Currency Trading API now “supports limit, stop, and stop limit order types with fractional quantity or notional value, priced in USD for stability and FX volatility reduction.”
These additional order types are essential “to manage risks in a fast-moving market.”
Furthermore, stop and stop limit orders are “now integrated into Alpaca’s fractional shares trading, completing the suite of order types alongside market and limit orders.”
Trading in fractional shares is a “critical tool for international investors.”
It opens the door for individuals “to invest in stocks that might otherwise be inaccessible. Fractional orders also enable ultra-precise asset allocation and portfolio weightings.”
Portfolios, regardless of their size, can “take advantage of this feature effectively.”
The support of limit orders within Local Currency Trading API also “includes pre-market (4:00 a.m. – 9:30 a.m. ET) and post-market (4:00 p.m. – 8:00 p.m. ET) trading, in addition to regular trading hours.”
You can now enable your customers to “trade fractional and notional amounts, during their localized trading hours.”
This expands trading opportunities for “investors in Asia, and EMEA, and other regions to trade fractional shares during their mornings and afternoons.”
These new capabilities are seamlessly “integrated into the existing Local Currency Trading API, requiring minimal implementation effort.”
At Alpaca, they prioritize simplicity and ease of use in their APIs.
Their platform, backed by our custom-built Order Management System (OMS), is “designed for ultra-low latency and scale to support millions of investors worldwide.”
Key Features:
- Expanded Order Types: Local Currency Trading API now includes limit, stop, and stop limit order types with fractional quantities or notional values. Please note that only day orders are supported at this time
- Order Execution: Provides a seamless trading experience with swift order execution and processing.
- Extended Trading Hours: Limit orders can be executed not only during standard market hours but also before (4:00 a.m. – 9:30 a.m. ET) and after (4:00 p.m. – 8:00 p.m. ET).
- Global Investment Opportunities: Offers your customers worldwide the opportunity to trade during their localized hours, including Asia, and EMEA.
- Easy-to-use API: A simple API that requires minimal effort to implement new features, ensuring a smooth integration process.
Additionally, Local Currency Trading API is available “for all existing Alpaca partners. Please reach out to your Success team to learn more.”
