Company
Date Published
Author
Sasha Cotterell
Word count
580
Language
English
Hacker News points
None

Summary

We've expanded our trading capabilities with the launch of Global Stocks via American depository receipts (ADRs), allowing users to invest in whole and fractional shares of international stocks like Nintendo, Adidas, Heineken, and Volkswagen. This new feature simplifies investing into foreign stocks by eliminating paperwork and currency exchange hassles. With Global Stocks, Alpaca users can now diversify their portfolio or create trading strategies that include companies from Europe, Asia, and Australia. Developers can also build upon Trading API to create OAuth apps centered on global markets, while fintech app developers can expand their list of tradable assets to include international securities. The launch comes with a range of benefits, including access to over 700 ADRs, whole or fractional share trading, and real-time stock market data integration. However, investors should be aware that investing in foreign stocks may involve additional risks such as currency risk, country risk, and fees.