Alpaca cements its self-clearing foundation through its DTCC membership and high-value product launches, including Options Trading and High Yield Cash Accounts
Alpaca, a brokerage infrastructure technology company and self-clearing broker-dealer, delivering execution and custody solutions for Stocks, ETFs, and Options, that support hundreds of financial institutions worldwide, today announced a new strategic partnership with Derayah Financial (“Derayah”), a leading financial services firm and the first digital investment platform in the Kingdom of Saudi Arabia (“KSA”), to further expand financial accessibility in the Middle East.
This partnership, including a strategic investment by Derayah in Alpaca, accelerates its joint efforts to enable access to Saudi Exchange (Tadawul) to investors worldwide through Alpaca’s brokerage infrastructure that supports hundreds of financial institutions and millions of individuals today. KSA’s ambitious Vision 2030 initiatives are fueling growth across diverse sectors in the financial markets, and Saudi Exchange is becoming one of the key exchanges in the world.
This includes offering an API for institutional and individual algorithmic traders while empowering both fintechs and enterprise institutions to embed investment services. Alpaca also announced that it has completed establishing its Saudi local entity.
“We are thrilled to partner with Derayah to open access to the super fast-growing economy of the KSA worldwide,” said Yoshi Yokokawa, Co-founder and CEO, at Alpaca. “This partnership will accelerate our mission of opening financial services to everyone on the planet.”
Mohammed Al-Shammasi, CEO at Derayah, expressed, “This partnership reflects our commitment to innovation and the development of solutions that integrate local expertise with world-class technology, reinforcing our leadership in the financial technology sector within the Kingdom. It also enables seamless, fully electronic access for a wide range of individual and institutional foreign investors to trade in the Saudi market. Alpaca is recognized as a trusted partner and benefits from strong growth opportunities. We look forward to collaborating with them to expand businesses in the Saudi market and across the Middle East.”
By combining Alpaca’s institutionally recognized infrastructure and Derayah’s customer-centric experience, they are poised to drive significant advancements in investing accessibility for investors in both the KSA and beyond.
About Alpaca
Alpaca is a US headquartered brokerage infrastructure technology company and self-clearing broker-dealer, delivering execution and custody solutions for Stocks, ETFs, and Options, and has raised over USD170 million in funding. Alpaca is backed by top-tier investors globally, including Portage Ventures, Spark Capital, Tribe Capital, Social Leverage, Horizons Ventures, Unbound, SBI Group, Derayah Financial, Elefund, and Y Combinator.
About Derayah Financial
Derayah is a financial services firm that focuses on empowering the individual investor by providing the most independent, convenient and cost-effective way for average investors to put their money to work. Derayah has built and currently operates the first mutual fund supermarket in Saudi Arabia and the Middle East. Derayah also offers the first seamlessly integrated platform to trade in Saudi Arabia, regional exchanges and key international financial markets, all from a single account and website.
Alpaca Securities LLC and Derayah Financial are not affiliated and neither are responsible for the liabilities of the other.
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High-Yield Cash API is subject to, among other things, the Alpaca’s API terms and conditions. In addition, customer access to the FDIC Bank Sweep is subject to, among other things, the Alpaca Customer Agreement, Alpaca Terms and Conditions, and the Alpaca FDIC Bank Sweep Program Terms and Conditions. Please see alpaca.markets/disclosures for further information and important disclosures.
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