Alpaca prepares to enter prime brokerage for hedge funds

The San Mateo brokerage infrastructure startup is gearing up to offer trade financing to institutional clients as crypto platforms push into stocks Alpaca, the API-first brokerage startup out of San Mateo, is preparing to offer trade financing services to hedge funds. That puts it on a path into prime brokerage, a business long run by large banks. The plan centers on adding financing, margin, and securities lending to its existing infrastructure, all aimed at institutional clients.

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