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Alpaca is a smart trading platform designed for developers, investors, and traders. The company has designed its platform for financial markets in the United States and is a registered securities broker.
The company's platform is an application programming interface (API) for stock trading that allows users to trade with algorithms, connect with applications, and build services. The software development kits are available in Python, Node, and more. The trading algorithms can be executed commission-free, which allows for users to buy, sell, and short stocks in the United States. The platform allows for users to see market updates in real-time for both paper trading and live trading.
Users can test their algorithms in a testing environment on the platform before actually deploying them. Users can also trade outside of regular trading hours, between the hours of 9:00am until 6:00pm Eastern Standard TIme.Alpaca can be integrated in other platforms, such as TradingVIew, Streak, Slack, Zapier, and Alexa.