Alpaca offers brokerage and custody infrastructure for apps to launch and scale investing services, including commission-free stock and crypto trading. The platform features real-time market data, brokerage operations, and compliance services through modern APIs.
Alpaca has partnered with Benzinga, a financial media outlet and data provider, in order to offer embedded, real-time news and data to their customers.
The API-first stock and crypto platform will leverage Benzinga’s Stock News API, Logo API, and news data to offer accessible market-moving data to their developer community and their fintech app clientele.
Jason Raznick, Chief Executive Officer at Benzinga, said: “Alpaca is at the center of the investment world, enabling domestic and international fintechs to expand their offerings – which has been a major catalyst for the growth of the fintech ecosystem. We are excited to partner with Alpaca and help complement their offering with exclusive news and data that helps investors make actionable decisions without leaving their favorite platform.”
Yoshi Yokokawa, Chief Executive Officer at Alpaca, commented: “I am very excited that we have officially partnered to integrate Benzinga’s industry-leading data into Alpaca’s API. This integration enables developers across the globe to add financial news and company logos into their services. ”
Alpaca customers now have access to historical and real-time stock market and crypto news, and thus can offer news notifications, news widgets, and breaking headlines in-app directly to their end-users.
The trading platform’s algorithmic traders have access to historical news data to backtest and for sentiment analysis. In the coming months, Alpaca will be offering more products leveraging Benzinga’s suite of APIs.
Alpaca has previously raised over $70m in funding in order to drive growth of its API-first stock and crypto brokerage platform.
Earlier this year, Victor Zachariades, who joined Pepperstone in 2019 to head up its Cyprus operations, has left the FX firm to join Alpaca.
With his experience in the foreign exchange industry, Zachariades’s direct responsibility is to drive the growth and expansion of Alpaca’s ecosystem to help bring real-world applications into fintech.
Alpaca offers equities trading software dubbed ‘Broker API,’ a tool that enables entrepreneurs to plug into its technology to quickly build and scale their own commission-free brokerage.
The Alpaca Broker API allows developers and small hedge funds to come and build brokerages like Robinhood, as the software addresses account opening, funding, banking, and other critical funcations.