Alpaca Launches Just-in-Time Funding for Instant Access to Purchase US Stocks Globally

Since the launch of Alpaca Broker API, we have worked with more than 170  partners. A major pain point for their customers centers around the delay in trading due to longer settlement of funds into Alpaca’s custody.

We are excited to announce Just-in-Time (JIT) funding for stock trading, which will help deliver instant access to purchase US stocks. This  funding model provides you and your customers more flexibility since trades can be executed before deposits are settled in the Alpaca account. You are responsible for sending the amount due to Alpaca by the settlement date. JIT also helps  enable the creation of a single wallet experience, and greater cash management flexibility.

Streamline Cash Flow with Just-In-Time Funding for Broker API

Increased Cash Management Flexibility

The JIT funding model, also known as post-trade settlement, allows you to deposit cash after trade execution. This helps offer you greater  flexibility to manage and allocate your funds for other business obligations or requirements.

When a partner is JIT enabled, Alpaca’s back-end system calculates the difference between inflow and outflow account activity and assesses a single wire amount. Inflows typically consist of executed buy trades, while outflows to the partner are made up of executed sell trades and dividend payments. Should the inflows exceed the outflows across your account base, you will be responsible for sending the funds to Alpaca in time for settlement.

Single Wallet Experience for your Customers

Just-in-Time funding offers a great customer experience by allowing accounts to have a single view of all assets and cash holdings.  This will enable your customers to be aware that they can move capital between the different offerings immediately, along with having fast access to buying power. For instance, a customer might deposit $1,000 USD into their account and can instantly trade any allocation of asset classes made available to them.

Improve Reconciliation Process

Reconciliation is an important financial reporting process required by regulators, to verify that figures are factual, consistent, and complete. With JIT, you are responsible for paying the exact amount needed to settle trade executions, while Alpaca manages the allocation of funds to settle individual account balances

Key Features of JIT Funding

  • JIT allows partners to deposit funds after trade execution
  • A single bulk payment is required by the settlement date
  • Single wallet experience and instant access to buying power for your customers
  • Increased cash management flexibility
  • May simplify the reconciliation process
  • A simple and easy-to-implement integration
  • Seamless API support to fully automate the settlement process
  • PDF statements issued via API to support business accounting
  • Unlimited sandbox testing environment
  • Around-the-clock global support

JIT Funding: Pricing

$2,000 per month

Just-in-Time funding for stock trading is not available in the Essential plan. This is an add-on product feature for fund flow configuration in the Core plan.  If you have opted for the Core plan, please reach out to your Customer Success Manager to request this add-on.

Please note, that partners integrating or upgrading to JIT fund flows must subscribe to our Premium Integration Service tier for at least one month to help the integration and launch go as smoothly as possible.

Get Started with JIT Funding

Check out our learn article on Get Started with Just-In-Time Funding or view our documentation for additional information. If you have any questions regarding JIT Funding for stock trading, please reach out to us at

Just in Time | Alpaca Docs
Open brokerage accounts, enable trading, and manage the ongoing user experience with Alpaca Broker API
Get Started with Just-In-Time Funding for Broker API
Learn in-depth about how you can get started with Just-In-Time Funding for stock trading with Broker API with detailed diagrams, visuals, API requests, and more

Please note that this article is for general information only and is believed to be accurate as of posting date but may be subject to change.

Securities brokerage services are provided by Alpaca Securities LLC ("Alpaca Securities"), member FINRA/SIPC, a wholly-owned subsidiary of AlpacaDB, Inc. Technology and services are offered by AlpacaDB, Inc.

This is not an offer, solicitation of an offer, or advice to buy or sell securities, or open a brokerage account in any jurisdiction where Alpaca Securities is not registered (Alpaca is registered only in the United States).

Author image
About Sonia Sethi
You've successfully subscribed to Alpaca Blog | Developer-First API for Crypto and Stocks
Great! Next, complete checkout for full access to Alpaca Blog | Developer-First API for Crypto and Stocks
Welcome back! You've successfully signed in.
Success! Your account is fully activated, you now have access to all content.