Alpaca, an API provider that specializes in stock brokerage integrations, has announced the Alpaca Broker API in an attempt to democratize financial market access. The new service is RESTful and is intended to simplify the Integration of stock trading capabilities.
The company provides a Sandbox environment to aid in the development of integrations and relies upon both internal services and API partnerships to provide its functionality. Alpaca relies on KYC (Know Your Customer) partnerships to help power the APIs identity processing functionality. Through integration with Plaid, a Fintech solutions provider that operates a financial data transfer network, the Alpaca Broker API will enable integrations to directly fund users' accounts. Funds can also be transferred via ACH or wire transfers.
Developers can get started working with the API immediately and can request an API key here.