Company
Date Published
Author
Sonia Sethi
Word count
1002
Language
English
Hacker News points
None

Summary

Alpaca has launched a new feature called Local Currency Trading API that allows international partners to embed US stock services such as trades, statements, prices, balances, and more in their customers' local currency, improving the customer experience and increasing growth opportunities for businesses. This feature enables users to view stock prices, trades, performance, and statements in their local currency, creating a positive user experience and simplifying navigation within apps. The API also supports settlement of funds in accounts with Alpaca in the partner's local currency, reducing back-office operations complexity. By integrating this feature, businesses can increase revenue by generating additional income at the time of transactions via a flexible spread markup.