Today, we're excited to announce two new features designed to help Trading API users* customize their trading strategies: Direct Market Access Gateway** (DMA Gateway) and an expanded suite of advanced order types, featuring Volume-Weighted Average Price (VWAP) and Time-Weighted Average Price (TWAP). These new features, as part of Alpaca Elite Smart Router, are intended to provide more flexibility and configurability for users implementing sophisticated algorithmic strategies, including hedge funds and prop trading firms.
Unlock More Execution Customization
With DMA Gateway, you gain the flexibility to control and specify the execution exchange for your orders (NASDAQ, ARCA, NYSE). This means you can direct your flow to the markets that best suit your strategy, whether you're seeking specific execution exchanges or minimal impact. This level of selection can help you to fine-tune your routing, creating more precision in your order execution.
Along with DMA Gateway, the release of VWAP and TWAP order types give you flexibility and control over when and how your orders are executed. These routes allow you to strategically release orders to help minimize market impact and achieve desired price averages over specified periods, reducing the need for manual processes or additional monitoring. This means you can build more robust and adaptive strategies, optimizing for execution quality while freeing up resources previously spent on managing complex, time-consuming algorithms.
Easy Integration via Trading API for Institutional Precision
We understand that sophisticated trading demands robust and flexible tools. That's why DMA Gateway and our advanced order types are fully accessible with our Elite Smart Router for Trading API. This isn't just about placing orders; it's about easily integrating institutional-level precision directly into your proprietary trading systems and algorithms.
You can now configure routing destinations, display sizes, participation limits, and timing programmatically, allowing you to quickly deploy and iterate on your strategies without friction. The goal is to make it as easy as possible to leverage these new capabilities, enhancing your trading without overhauling your entire setup.
Building for the Future of Algorithmic Trading
These new offerings are just the beginning. Our commitment is to continuously build features that support the evolving needs of sophisticated traders and their execution strategies. We're already expanding our DMA Gateway capabilities, starting with NASDAQ, ARCA, and NYSE, with plans to grow our destinations in the coming months.
Our advanced order type suite will also continue to expand, with PVOL (percentage of volume) and mid-point pegged orders planned for the next release. We're dedicated to providing the tools that help you manage your trading strategy and execution with flexibility and control.
We invite active API traders, institutions, and algorithmic users to explore how these new tools can help support more customized execution workflows and accommodate sophisticated trading strategies.
Ready to take your algorithmic trading to the next level? Learn more about how direct market access and advanced order types can help support greater flexibility and customization in your trading strategies. Dive into our API docs, read our tutorials on getting started with Direct Market Access Gateway and advanced order types, and discover everything Alpaca Elite has to offer.
Still have questions? Contact us at [email protected].
*Please note that this is currently only available to Alpaca Elite Smart Router users. For more information on Alpaca Elite please see the term and conditions.
**Direct Market Access Gateway is provided solely by DASH Financial Technologies ("DASH"), a member of the listed exchanges. Alpaca enables customers to route orders to the selected exchange through DASH’s DMA capabilities.
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