Gotrade Partners With Alpaca To Expand Investment Access In Southeast Asia
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Gotrade has added options trading to its mobile investing platforms in Southeast Asia. It works with Alpaca’s brokerage system to offer derivatives and fractional stock trading.
The application began offering options contracts a week ago through Alpaca’s broker. Alpaca handles order execution and market processing. Subscribers can now trade long puts and calls through the mobile interface. Covered calls and cash-secured puts are planned for future releases.
Alpaca’s And Gotrade Partnership Expands Global Reach
Gotrade first collaborated with Alpaca 4 years ago to enable fractional marketing of U.S. stocks. Alpaca is an infrastructure provider based in New York. It now controls over 7 million brokerage accounts for hundreds of fintech companies in more than 40 countries, according to the company’s report.
Norman Wanto, the Chief Executive Officer of Gotrade, commented on the partnership, “Options trading is naturally changing for our subscribers,” he said. “We are changing the landscape by creating a tool previously available only to institutional investors and high-net-worth individuals,” Wanto added.
He also said that collaborating with Alpaca gives the firm the agility to scale quickly and innovate, which is essential for improving the user experience in emerging markets like Southeast Asia.
The platform consists of tooltips and visual guides. These tools are designed to make options strategies easier for retail users new to derivatives. Alpaca is a self-clearing broker-dealer. It offers easy access to stocks, exchange-traded funds, options, and fixed income through its API framework.
Gotrade And Alpaca Partners Strongly To Launch Innovative Products
Yokokaya Yoshi, Chief Executive Officer and Co-Founder of Alpaca, said the company’s initial approach to the Gotrade product has been instrumental in building growth and trust in Southeast Asia. The Firm is thrilled about this partnership and believes it will equip it to quickly launch innovative products.
The move followed Alpaca’s addition of round-the-clock stock access through its new crypto platform. Both companies face challenges from minimum-balance requirements limiting access to U.S. securities and from high fees.
Gotrade, established 6 years ago, introduced the option to buy fractional shares. This means investors can purchase fractional shares rather than whole ones, with a minimum investment of $1. The platform removed commission fees and charges a 0.5% to 1.2% foreign exchange fee for users transacting in local currencies, reflecting the cost of currency conversion.
The application now extends its services to users in over 140 nations. This expansion followed clearance from Malaysia’s Labuan Financial Services Authority (MLFSA). The firm operates under a broker-dealer license, PT Valbury Asia Futures, in Indonesia.
Gotrade raised about $15.5 million in Series A funding 3 years ago. The round was led by Velocity Capital Financial Tech Ventures. Mitsubishi UFJ Financial Group and others also participated. The firm has processed about $400 million across 5 million trades over the past 3 years.
