April 2023 Summaries

We have significantly improved our ledger at Alpaca to enhance transaction processing times, allowing for 24/7 access to multiple asset classes and reducing delays in onboarding or funding flows. Our goal was to process transactions without any batch processing delays, which is critical for timely customer funding and trading. We achieved this by moving away from synchronous updates to asynchronous updates, resulting in a marked improvement in transaction processing times during End of Day processes, bringing down the median time from over 15 seconds to under 250ms. Our aim is to further reduce journaling time by 50% in the coming months to set the industry standard for journal processing times.

Streetbeat is an investment platform designed to make stock and ETF trading accessible for retail investors by leveraging algorithmic data-driven strategies and Generative AI technologies such as ChatGPT to help users mitigate investing challenges and unlock new opportunities, its goal is to provide investment data and strategies that are usually only available to the wealthy to everyone, enabling everyone to invest while aiming to reduce the risk of financial loss, Streetbeat has formed a partnership with Alpaca to provide retail investors with a seamless investing experience, utilizing Alpaca's suite of brokerage, custody, and post-trade solutions, the platform is designed to be user-friendly with an intuitive interface that is easy to navigate and use, its vision is to revolutionize the investing landscape.