Alpaca’s Local Currency Trading API now supports industry-leading limit, stop, and stop limit for both nominal and fractional order types. Additionally, Local Currency Trading now 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 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.
Differentiate Your Product: Introduce New Order Types and Extended Hours
New Order Types: Limit, Stop and Stop Limit
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.
Enable Extended Hours For Your Customers
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.
Seamless API Integration
These new capabilities are seamlessly integrated into the existing Local Currency Trading API, requiring minimal implementation effort. At Alpaca, we prioritize simplicity and ease of use in our APIs. Our 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 Summarized
- 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.
Let’s Get Started!
Haven’t experienced Alpaca’s Broker API yet? Speak with our sales team to explore how to integrate Local Currency Trading API into your existing financial services.
Additionally, Local Currency Trading API is available for all existing Alpaca partners. Please reach out to your Success team to learn more.
Looking For More Information?
- Read the Local Currency Trading API documentation here.
- Deep dive into the features of Local Currency Trading API with our technical learn article and blog.
- Have more questions? Visit our FAQs.
Please note that Alpaca charges a flexible spread markup for broker partners using our Local Currency Trading feature.
Extended Hours trading has unique risks and is different than trading in the main trading session, for more information please visit our Alpaca Extended Hours Trading Risk Disclosure
Fractional share trading allows a customer to buy and sell fractional share quantities and dollar amounts of certain securities. Fractional share trading presents unique risks and is subject to particular limitations that you should be aware of before engaging in such activity. See Alpaca Customer Agreement at https://alpaca.markets/disclosures for more details.
All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. There is no guarantee that any investment strategy will achieve its objectives. Please note that diversification does not assure a profit, or protect against loss. There is always the potential of losing money when you invest in securities, or other financial products. Investors should consider their investment objectives and risks carefully before investing.
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 are not registered or licensed, as applicable.
