Self-clearing brokerage Alpaca announced this week its admission as a member of the Nasdaq Stock Exchange, a move said to strengthen its growing role in US financial markets and support its goal of developing an integrated brokerage infrastructure.
Nasdaq membership allows Alpaca to connect directly to the exchange’s order book, providing clients with access to a wide range of order types and the full depth of liquidity.
“Our Nasdaq membership demonstrates Alpaca’s maturity and progress in the financial markets,” said Tony Lee, global head of the brokerage.
This achievement follows the company’s recent approvals from the Fixed Income Clearing Corporation (FICC) and Options Clearing Corporation (OCC), in addition to its current DTCC clearing status.
Together, these accomplishments represent Alpaca’s expansion across the equity, options, and fixed income markets.
“Becoming a Nasdaq member strengthens the entire foundation we are building through our technology and in-house brokerage,” said CEO and co-founder Yoshi Yokokawa.
The company said the move will enable it to expand further as an independent market participant providing direct market access and efficient trade execution.