Alpaca deploys Benzinga’s real-time news to API-first stock and crypto platform 

Rick Steves

Alpaca offers brokerage and custody infrastructure for apps to launch and scale investing services, including commission-free stock and crypto trading. The platform features real-time market data, brokerage operations, and compliance services through modern APIs.

Alpaca has partnered with Benzinga, a financial media outlet and data provider, in order to offer embedded, real-time news and data to their customers.

The API-first stock and crypto platform will leverage Benzinga’s Stock News API, Logo API, and news data to offer accessible market-moving data to their developer community and their fintech app clientele.

Exclusive news and data for actionable decisions

Jason Raznick, Chief Executive Officer at Benzinga, said: “Alpaca is at the center of the investment world, enabling domestic and international fintechs to expand their offerings – which has been a major catalyst for the growth of the fintech ecosystem. We are excited to partner with Alpaca and help complement their offering with exclusive news and data that helps investors make actionable decisions without leaving their favorite platform.”

Yoshi Yokokawa, Chief Executive Officer at Alpaca, commented: “I am very excited that we have officially partnered to integrate Benzinga’s industry-leading data into Alpaca’s API. This integration enables developers across the globe to add financial news and company logos into their services. ”

Alpaca customers now have access to historical and real-time stock market and crypto news, and thus can offer news notifications, news widgets, and breaking headlines in-app directly to their end-users.

The trading platform’s algorithmic traders have access to historical news data to backtest and for sentiment analysis. In the coming months, Alpaca will be offering more products leveraging Benzinga’s suite of APIs.

Alpaca has previously raised over $70m in funding in order to drive growth of its API-first stock and crypto brokerage platform.

Earlier this year, Victor Zachariades, who joined Pepperstone in 2019 to head up its Cyprus operations, has left the FX firm to join Alpaca.

With his experience in the foreign exchange industry, Zachariades’s direct responsibility is to drive the growth and expansion of Alpaca’s ecosystem to help bring real-world applications into fintech.

Alpaca offers equities trading software dubbed ‘Broker API,’ a tool that enables entrepreneurs to plug into its technology to quickly build and scale their own commission-free brokerage.

The Alpaca Broker API allows developers and small hedge funds to come and build brokerages like Robinhood, as the software addresses account opening, funding, banking, and other critical funcations.

Read this next

Digital Assets

OneCoin founder Ruja Ignatova is selling penthouse in UK

OneCoin founder Ruja Ignatova, who steered one of the world’s biggest cryptocurrency frauds, is back into the spotlight more than five years after vanishing from the public eye.

Digital Assets

Bitpay taps MoonPay to offer access to +60 cryptocurrencies

Crypto payment service provider Bitpay said it’s partnering with exchange and web3 infrastructure provider MoonPay to provide its users with easier access to buy cryptocurrency instantly.

Digital Assets

New York investigates Gemini over FDIC insurance claims

New York regulators are investigating Gemini over “false and misleading” claims the Winklevoss-owned exchange had made about whether client funds are insured by the government.

Digital Assets

Binance launches Mastercard-backed crypto card in Brazil

In partnership with Mastercard, crypto giant Binance is launching its pre-paid card offering cryptocurrency “rewards” on customers’ purchases.

Digital Assets

Circle publishes a breakdown of USDC reserves for December

Boston-based stablecoin issuer Circle has revealed a breakdown of its reserves for December 2022, as well as a complete list of USDC reserve custodians.

Retail FX

Monex reports lower revenues as crypto downturn bites

Monex Group has reported its Q3 2022 financial metrics, which saw a reversal in terms of its revenues as TradeStation was grappling with a crypto market crash that has tanked the profitability of its crypto business.

Inside View

Broadridge report finds 27% of firms’ overall IT budget goes to digital transformation

“A new chapter in digital transformation is emerging. In our work with clients across the financial services industry we see leading firms are already reaping the benefits from digitalization and the use of technologies such as AI and blockchain/DLT, as they adapt to economic headwinds and new competitive dynamics”

Executive Moves

Ripple announces Monica Long as President

“I’m incredibly honored to take on the role of President at Ripple as we expand deeper into crypto-enabled services like liquidity, settlement and custody.”

Executive Moves

Arabesque AI appoints Carolina Minio Paluello as CEO

“Arabesque AI is uniquely positioned to service the asset management industry’s need to meet the growing market demand for hyper customised portfolios.”

<