September 2023 Summaries

Alpaca is announcing its partnership with GITEX GLOBAL 2023 at the Dubai World Trade Center, further solidifying its commitment to the GCC region by collaborating with various partners. The event promises to showcase technological excellence across multiple industries, including healthcare, education, mobility, and smart cities, with over 7,000 exhibitors participating in 10 shows. As a community partner, Alpaca looks forward to attending the event alongside leading founders, investors, and corporate innovators, inviting visitors to register for the "PASS" at gitex.com/Visitor/Registration/SelectPass.

Funding Wallets for Broker API is a product solution designed to streamline fund deposits and enhance users' experiences by eliminating wire transfer hassles and manual errors with an automated solution. The feature allows end-users to deposit and withdraw funds in their local currency using local rails, providing faster settlement times and ensuring precise allocation to brokerage accounts. With Funding Wallets, end-users can experience a seamless and intuitive fund deposit process, minimizing errors and maximizing efficiency through automated systems and unique funding wallet numbers. Additionally, the solution provides real-time information regarding fund transfers, enhances bookkeeping and auditing processes, and offers improved accuracy by eliminating manual intervention in wire transfer instructions.

We are excited to expand our network of global partners and observe the emergence of new business models that align with local regulatory frameworks. We have introduced Excess SIPC Insurance coverage, exceeding the standard SIPC threshold, providing protection for customers up to $30 million in securities and $1 million in cash. This initiative emphasizes our commitment to trust and confidence among stakeholders, particularly those with higher net worth. Our extensive global network of over 100 partners will also benefit from this enhanced protection, offering a sense of reassurance for algorithmic traders who rely on our platform.