Alpaca Wins "Best Brokerage for Sophisticated Traders" at 2024 Benzinga Global Fintech Awards

Alpaca, a California-based brokerage infrastructure company and self-clearing broker-dealer, won Best Brokerage for Sophisticated Traders at the 2024 Benzinga Global Fintech Awards, marking its third consecutive year of recognition after awards for Best API Solution in 2023 and Best Automated Trading Software in 2022. The company provides custody and execution services for stocks, ETFs, options, and cryptocurrencies, and cited its DTCC membership, FINRA registration, SOC 2 compliance, excess SIPC coverage, and advanced trading capabilities as factors behind the recognition. Alpaca highlighted recent offerings including options trading, IRA accounts, High-Yield Cash, a FIX API, and Instant Funding, describing them as part of its effort to serve individual investors, businesses, developers, and institutional partners. It reports having raised more than $170 million and serving millions of customers and hundreds of financial institutions globally, while noting that its services involve regulatory requirements and investment risks, particularly for options and cryptocurrencies.

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