US-based brokerage platform Alpaca has secured
clearing memberships with the Options Clearing Corporation (OCC) and the Fixed
Income Clearing Corporation (FICC), expanding its self-clearing operations to
options and U.S. Treasuries.
The U.S.-based broker already clears equities through
the Depository Trust & Clearing Corporation (DTCC).
Expanded Clearing Capabilities
The OCC membership allows Alpaca to clear equity
derivatives, while the FICC membership covers U.S. government Treasuries and
repurchase agreements. Combined with DTCC access, Alpaca can now clear U.S.
stocks, ETFs, options, and fixed income without using third-party clearing
brokers.
“Being approved as a clearing member of OCC and FICC
is a pivotal moment for Alpaca. We’ve built and can operate a fully in-house,
multi-asset clearing infrastructure from the ground up”, commented Yoshi
Yokokawa, CEO & Co-Founder of Alpaca.
“This delivers lower friction, real-time operations,
and seamless access to U.S. markets across equities, options, and treasuries
for our partners.”
Full Control Over Trade Lifecycle
The approvals give Alpaca direct control from
execution to settlement. The firm said this will enable faster trade
processing, real-time post-trade visibility, and greater workflow flexibility
for its partners.
Earlier in 2025, Alpaca launched U.S.-listed options
and U.S. Treasury offerings for partners. The company said these products
create new growth opportunities and align with its aim to broaden market
access.
Expect ongoing updates as this story evolves.
This article was written by Jared Kirui at www.financemagnates.com.
