Company
Date Published
Author
Satoshi Ido
Word count
815
Language
English
Hacker News points
None

Summary

Alpaca, a developer-centric trading platform, is enhancing its offerings for active traders and algorithm developers by introducing zero borrow fees on all easy-to-borrow (ETB) shares starting October 1, which allows users to short ETB securities without incurring overnight fees. This initiative builds on Alpaca's commitment to cost-efficient trading, complementing its existing features like commission-free API trading, reduced margin rates, and a broad inventory of over 5,000 ETB securities. The removal of borrow fees aims to provide more flexibility and competitiveness for traders by allowing strategies to be driven by market insights rather than fee structures, while also improving the accuracy of backtesting and live trading models. This move underscores Alpaca's dedication to providing transparent and robust tools for modern trading, ensuring that traders can execute strategies with greater efficiency and adaptability. Alpaca continues to invest in features and competitive pricing to maintain its reputation as a leading developer-first platform, although potential investors are reminded of the inherent risks associated with margin trading and the importance of considering their investment objectives carefully.