Algo Trading: Also Algorithmic Trading or Black Box Trading, the term is also used to mean an automated trading system. These terms encompass trading strategies that may be heavily reliant on complex mathematical formulas and the use of market data.
Alpaca Power Accounts: Power Accounts are those held with Electronic Transaction Clearing (ETC), our current clearing firm, and contain the latest brokerage features, including margin trading, short selling, and extended hours trading. An easy way to identify a power account is to look at the first two characters of the account number. An account beginning with two numbers (##) indicates an Alpaca Power Account.
Conditional Orders: Conditional orders, also known as Bracket Orders, are those which will be sent to the market only if specific conditions and criteria are met.
Financial Industry Regulatory Authority (FINRA) - FINRA is an independent, self-regulatory organization that works to ensure the integrity of America's financial system by governing the activities of all registered brokers and broker-dealer firms in the U.S.
Legacy Accounts: Legacy Accounts are those held with Apex, our previous clearing firm. An easy way to identify a legacy account is to look at the first two characters of the account number: An account beginning with a number and a letter (#X) indicates a Legacy Account.
NOTE: Alpaca is in the process of decommissioning accounts held with Apex. Get access to the latest features by signing up for the new Alpaca Power Account!
REST API: REST is a simple way to organize interactions between independent systems. It's been growing in popularity since 2005, and inspires the design of services, such as the Twitter API. This is due to the fact that REST allows you to interact with minimal overhead with clients as diverse as mobile phones and other websites.
Securities and Exchange Commission (SEC) - The SEC is responsible for the oversight and enforcement of laws in the securities industry.
Web API: Web APIs are a secure, standardized exchange between different software applications. Data is requested and delivered via the Internet using standardized protocols. Web API customers then have complete control over what and how information is displayed.
WebSocket Stream: The WebSocket protocol enables interaction between a web client (such as a browser) and a web server with lower overheads, facilitating real-time data transfer from and to the server.