Full-Time
Trade Surveillance Analyst 1
Financial Crimes Department
Alpaca
201-500 employees
API-first brokerage powering client trading platforms
No salary listed
La Ronge, SK, Canada
Remote
Remote within North America.
 Legal & Compliance (1) |
|---|
Get referred to Alpaca
See people who can refer or advise you
- 5+ years of experience in Fintech trade surveillance, AML investigations, transaction monitoring, financial-crime compliance, brokerage compliance, market surveillance, risk, investigations, or a related control function
- Experience working at a broker-dealer, fintech, trading platform, exchange, introducing broker, clearing firm, market maker, proprietary trading firm, crypto trading or other regulated financial institution
- Strong understanding of trading activity, order behavior, market structure, customer activity, and potential indicators of market manipulation or suspicious activity
- Familiarity with market-abuse typologies, including spoofing, layering, wash trading, front-running, insider trading, unusual price or volume activity, and manipulative order behavior
- Ability to review trading data, identify behavioral patterns, investigate exceptions, and form well-supported conclusions
- Experience documenting investigations in a clear, concise, and audit-ready manner
- Strong analytical skills, sound judgment, attention to detail, and ability to prioritize multiple reviews or investigations
- High integrity, discretion, and ability to handle confidential information appropriately
- Strong written and verbal communication skills, including the ability to explain complex trading activity to AML, Compliance, Legal, Risk, Technology, and business stakeholders
- Ability to work independently while collaborating across teams in a fast-paced environment
- FINRA Series 7 license
- Development, review, and test trade-surveillance scenarios, alert logic, escalation procedures, and control documentation
- Make sure procedures and processes are well documented, and distributed to all stakeholders. Ensuring updates are properly accounted for as needed but no less than once per year
- Monitor trading activity using Surveyor and Alpaca’s internal systems to identify potential market abuse, suspicious trading, unusual order behavior, and other conduct risks
- Review and investigate trade-surveillance alerts involving potential spoofing, layering, wash trading, front-running, insider trading, manipulative order activity, information-barrier issues, or other suspicious trading patterns
- Analyze trading activity in the context of market events, client behavior, account activity, transaction patterns, and relevant internal information to determine whether activity is reasonable, unusual, or suspicious
- Conduct real-time and post-trade reviews to detect anomalies, assess risk, and determine whether escalation is appropriate
- Clearly document surveillance reviews, investigative steps, evidence reviewed, rationale, conclusions, and recommended next actions
- Escalate suspicious or high-risk matters to AML leadership, Compliance, Legal, Risk, and other appropriate internal stakeholders
- Coordinate with the AML Department on trading-related investigations, including matters that may require suspicious-activity review or SAR consideration
- Support KYC/AML and transaction-monitoring processes by identifying trading behavior that may indicate financial-crime risk, account misuse, fraud, market manipulation, or other suspicious activity
- Respond to internal escalations involving trading activity, account behavior, customer activity, or potential violations of firm policy
- Assist with regulatory inquiries, audit requests, internal reviews, and other examinations related to trade surveillance, AML, and market-integrity controls
- Partner with Compliance, Legal, Risk, Technology, Operations, and business stakeholders to strengthen Alpaca’s surveillance framework and improve investigation workflows
- Identify emerging surveillance risks, suspicious-trading typologies, control gaps, and opportunities to improve the quality and effectiveness of the trade-surveillance program
- Prepare clear summaries, metrics, and management reporting related to trade-surveillance activity, alert trends, escalations, and investigation outcomes
- Maintain strong knowledge of relevant market-abuse risks, AML red flags, trading behaviors, and regulatory expectations applicable to Alpaca’s business
- Experience using Surveyor by Trillium for trade surveillance, alert review, investigation, or escalation workflows
- FINRA Series 24
Alpaca provides an API-first brokerage platform that lets businesses add stock trading to their apps without becoming brokers. Its API handles trading, settlement, and regulatory compliance for partner apps, with FINRA/SIPC membership ensuring credibility. In addition to equities, it offers Local Currency Trading API for international investors to trade US stocks in their local currency, plus crypto wallets and coin-pair trading (BTC, USD, USDT, USDC) to expand services. Its goal is to help businesses quickly deploy trading features to their customers by supplying the broker infrastructure and volume-based pricing.
Company Size
201-500
Company Stage
Late Stage VC
Total Funding
$762.9M
Headquarters
San Mateo, California
Founded
2015
Get referred to Alpaca
See people who can refer or advise you
Simplify's Take
What believers are saying
- Series D funding of $150M at $1.15B valuation validates its role as global brokerage infrastructure standard.
- API trading volume surged 4x in Q1 2026 due to AI agents using natural-language interfaces for trade execution.
- Europe expansion via WealthKernel acquisition unlocks UK/EU licenses for cross-border equities trading on Xetra and LSE.
What critics are saying
- Binance's 50% POF and 65% stock-lending profit share erodes Alpaca's margin independence within 12–18 months.
- SEC scrutiny on Alpaca's 94% tokenized equity share could freeze custody operations in 6–12 months under emerging RWA rules.
- AI agents triggering FINRA Pattern Day Trader violations or manipulation charges against Alpaca as broker-of-record within 6–12 months.
What makes Alpaca unique
- Alpaca is the only self-clearing broker-dealer offering white-label Broker API for embedded stock and crypto trading.
- It holds 94% market share in tokenized US stocks and ETFs, dominating real-world asset custody.
- Alpaca provides API-enabled IRA accounts, enabling algorithmic trading inside tax-advantaged retirement portfolios for US residents.
Help us improve and share your feedback! Did you find this helpful?
Benefits
Competitive salary & stock options
Medical, dental, & vision
Home office setup stipend
Monthly Brex Card stipend
Growth & Insights and Company News
6 month growth
↓ -1%1 year growth
↓ -1%2 year growth
↑ 0%Alpaca Secures $135 Million for Tokenized stock infrastructure development. Crypto brokerage firm Alpaca raises $135 million to build a robust tokenized stock infrastructure, advancing global access to digital securities. This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency markets are highly volatile. Always do your own research before making any investment decisions. Alpaca Secures $135 Million for Tokenized Equity Trading Infrastructure, according to The Block's coverage, aiming to expand its tokenized stock infrastructure. This platform facilitates fractional ownership and programmable trading of traditional equities on blockchain networks. The investment round included Silicon Valley investors such as a16z and GIC - showing continued venture confidence in the fast-growing tokenized equities technology. The $135 million raise involved major players like Tiger Global and Coinbase Ventures, boosting Alpaca's funding base and strategic partnerships. That follows a $50 million Series A raise in 2024 that helped build Alpaca's initial platform. This round significantly lifts Alpaca's market valuation to around $700 million, a move that will fund infrastructure upgrades, compliance efforts, and expand cross-market integrations for U.S. and Asian equities. Technical infrastructure of tokenized stocks. Alpaca's platform issues blockchain-based digital tokens representing securities shares, compliant with Securitize's token standards. It supports programmable trading, on-chain settlements, and 24/7 market access - breaking traditional stock exchange hours. By cutting settlement times from days to minutes, this setup improves capital efficiency. Also, Alpaca integrates with blockchain protocols like Solana and Avalanche, allowing it to offer services beyond classic custodial restrictions. Regulatory compliance and market access. Alpaca complies with U.S. Securities and Exchange Commission (SEC) rules by registering as a broker-dealer and operating under SEC-registered alternative trading system guidelines, outlined in public filings. Industry context and competition. Published research from shows the tokenized stock market surpassed $2 billion in total issuance volume by mid-2026, driven by growing investor demand for digital securities. Implications for global equity markets. The $135 million capital raise places Alpaca at the forefront of integrating traditional equities with blockchain innovation, according to industry. For more industry insights, see coverage on Securitize Tokenizes $295 Million in Stock on Solana and how tokenized equity platforms are transforming market accessmarket.
BridgeWise, Alpaca team up to empower investors with ai-driven insights. Alpaca, a self-clearing broker-dealer, and BridgeWise, a wealth AI provider, today announced a partnership to bring institutional-grade investment insights to Alpaca's expansive ecosystem. Through this partnership, BridgeWise's sophisticated multi-language AI analysis of over 70,000 global securities is now accessible to the hundreds of brokerages, banks, and financial institutions that build on Alpaca's Broker API. By bridging the gap between BridgeWise's intelligence and Alpaca's high-performance brokerage infrastructure, the partnership provides a unified, "intelligence-to-execution" experience for partners and their end-users globally. As the financial landscape becomes increasingly complex, this partnership focuses on empowering investors with clarity and speed. BridgeWise provides the "Why" behind every recommendation, using proprietary verticalized AI to transform vast datasets and technical indicators into clear, actionable insights in over 20 languages. Alpaca provides the "How," offering the scalable, multi-asset infrastructure that allows these insights to be acted upon instantly across asset types. "Alpaca has set the gold standard for brokerage infrastructure, providing the foundational layer that modern financial institutions depend on," said Dor Eligula, CBO and Co-Founder of BridgeWise. "Making BridgeWise's AI solutions available through our partnership with Alpaca is a natural fit. We are thrilled to collaborate with a team that shares our commitment to removing friction and delivering accessible and informed investor experiences for everyone." Financial platforms can now leverage BridgeWise to deliver clear, institutional-grade asset analysis and ratings, while utilizing Alpaca's Broker API to allow users to act on those insights with instant, secure trade execution. "BridgeWise has built an impressive AI engine that delivers high-level analysis previously reserved for professional desks," said Tarun Ajwani, CRO at Alpaca. "By combining BridgeWise's intelligence tools with Alpaca's developer-first infrastructure, our partners can provide a more holistic and empowered experience for their users."
trii, a Latin American investing app, has launched US stock trading in Chile powered by Alpaca's brokerage infrastructure APIs. The platform provides Chilean retail investors access to US stocks, ETFs, options, fixed income and crypto through a mobile-first interface with low commissions. The launch addresses barriers facing Latin American investors, including high fees and limited financial education. Recent data shows over 62% of Chileans find investing difficult due to lack of knowledge and accessible tools. Through Alpaca's API-driven infrastructure, trii now enables hundreds of thousands of Chilean investors to access US markets and diversify beyond local currency risks. "US stocks open a completely different level of opportunity for our customers," said Carlos Guayara, trii's founder. The partnership allows trii to focus on product development and user experience whilst relying on Alpaca for execution and market access.
OpenAI integrates Alpaca's market data functionality as part of ChatGPT for financial services. Today, OpenAI announced their new financial data integration in ChatGPT, empowering analysts and developers to synthesize market data and research into decision-ready analysis. Alpaca is included as one of the first integrations, bringing market data directly into the ChatGPT experience. This launch marks an important step in how developers, traders, and data-driven teams can interact with financial markets using natural language. With Alpaca's integration, ChatGPT users can explore market data across stocks, options, and crypto by simply asking questions, without switching tools or writing code. This helps empower anyone to retrieve historical and real-time market data such as quote prices, snapshots, option chains, Greeks, and bar data with just a simple prompt. Example prompts include: * "How has AAPL performed this quarter compared to GOOG?" * "Show me the SPY option chain that expires next Friday." * "What is the latest 15 minute bar data for BTC/USD?" By combining Alpaca's market data with ChatGPT's conversational interface, users can move quickly from curiosity to insight, changing how information can be analyzed and strategies can be implemented. The integration with ChatGPT is an extension of Alpaca's MCP Server, which connects AI interfaces to Alpaca's Trading API capabilities through the Model Context Protocol. While Alpaca's integration with ChatGPT prioritizes market data access, Alpaca's MCP Server is also available as a self hosted solution for developers who want to build more AI driven trading workflows across their own tools and environments. This launch reflects Alpaca's continued focus on meeting developers where they already work, while supporting the growing ecosystem of AI powered applications. Get started. You can start using Alpaca's integration today by visiting ChatGPT's apps directory and enabling Alpaca from your ChatGPT Plus plan. If you're a developer and interested in the full capabilities of Alpaca's MCP Server, including self hosted deployments, visit Alpaca's official MCP Server page. You can also log in or sign up for a Trading API account and connect it to the AI tools you already use. The symbols used for demonstration purposes and should not be considered investment advice. Insights generated by its MCP server and connected AI agents are for educational and informational purposes only and should not be taken as investment advice. Alpaca does not recommend any specific securities or investment strategies. Past performance from models does not guarantee future results. Please conduct your own due diligence before making any decisions. All firms mentioned operate independently and are not liable for one another. The content of this article is for general informational purposes only. All examples are for educational and illustrative purposes only. Options trading is not suitable for all investors due to its inherent high risk, which can potentially result in significant losses. Please read Characteristics and Risks of Standardized Options before investing. Fractional share trading allows a customer to buy and sell fractional share quantities and dollar amounts of certain securities. Fractional share trading presents unique risks and is subject to particular limitations that you should be aware of before engaging in such activity. See Alpaca Customer Agreement at https://alpaca.markets/disclosures for more details. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. There is no guarantee that any investment strategy will achieve its objectives. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss. There is always the potential of losing money when you invest in securities, or other financial products. Investors should consider their investment objectives and risks carefully before investing. AlpacaDB, Inc., the parent company of Alpaca Clearing and Alpaca Crypto LLC, provides services and technology, including the brokerage infrastructure API supporting Alpaca's financial services. Securities brokerage services are provided by Alpaca Securities LLC (dba Alpaca Clearing), member FINRA/SIPC, a wholly-owned subsidiary of AlpacaDB, Inc. Technology and services are offered by AlpacaDB, Inc. Cryptocurrency services are made available by Alpaca Crypto LLC ("Alpaca Crypto"), a FinCEN registered money services business (NMLS # 2160858), and a wholly-owned subsidiary of AlpacaDB, Inc. Alpaca Crypto is not a member of SIPC or FINRA. Cryptocurrencies are not stocks and your cryptocurrency investments are not protected by either FDIC or SIPC. Please see the Disclosure Library for more information. Cryptocurrency is highly speculative in nature, involves a high degree of risks, such as volatile market price swings, market manipulation, flash crashes, and cybersecurity risks. Cryptocurrency regulations are continuously evolving, and it is your responsibility to understand and abide by them. Cryptocurrency trading can lead to large, immediate and permanent loss of financial value. You should have appropriate knowledge and experience before engaging in cryptocurrency trading. For additional information, please click here. This is not an offer, solicitation of an offer, or advice to buy or sell securities or cryptocurrencies or open a brokerage account or cryptocurrency account in any jurisdiction where Alpaca Clearing or Alpaca Crypto, respectively, are not registered or licensed, as applicable.
Musaffa expands faith-aligned investing with their Global Halal Investment Platform for US markets. NEW YORK-(BUSINESS WIRE)-Musaffa, a leading fintech platform dedicated to Shariah-compliant investment research and Islamic Finance Education, recently announced the launch of its Global Halal Investment Platform. This new platform provides 600,000+ Muslim investors across 200+ countries with expanded access to US capital markets via regulated and scalable trading and investment infrastructure while embedding Shariah compliance directly into the investing experience. The launch is powered by Alpaca, a global leader in brokerage infrastructure APIs, providing access to options, stocks, ETFs, and fixed income. Muslim investors continue to face significant barriers when attempting to access global markets, including fragmented tools, limited access, or a lack of clear regulatory oversight. The absence of a unified system can lead to classification inconsistencies, where a stock may lose its Shariah-compliant status without the investor's immediate knowledge, putting the trust of the end-user at risk. At the same time, demand for Shariah-compliant investing is increasing, with global Islamic finance assets projected to reach $9.7 trillion USD by 2029, marking an average annual growth rate of 10%. Islamic fintech now represents 3% of total assets, signaling opportunities for digital platforms to integrate faith-aligned financial services alongside modern trading practices. To address both the barriers and opportunities, Musaffa integrated with Alpaca's Broker API. "Traditionally, Muslim investors have relied on multiple disconnected tools, including separate platforms for screening, trading, purification calculations, and zakat tracking. This fragmentation creates unnecessary manual effort and high levels of uncertainty," explained Dilshod Jumaniyazov, Co-Founder and CEO of Musaffa. "By partnering with Alpaca, Musaffa is expanding access to US capital markets via modern, scalable trading infrastructure while embedding Shariah compliance directly into the investing experience. This launch represents a unique step forward, helping make transparent, trustworthy, and faith-aligned investing more accessible for investors who have been underserved." By reducing manual processes and ambiguity, Musaffa is helping investors engage with the market more confidently while remaining aligned with their religious values. "We're proud to empower partners like Musaffa in bridging the gap between the rapidly growing demand for faith-aligned access to US markets without friction," said Yoshi Yokokawa, Co-Founder and CEO of Alpaca. "Providing infrastructure that partners use to build embeddable Shariah-compliant solutions is important for Alpaca as we expand financial accessibility globally. We're honored to support Musaffa in enabling transparent, faith-aligned trading experiences to hundreds of thousands of investors worldwide." Musaffa looks to expand to 24/5 trading access in the near future. About Alpaca Alpaca is a US-headquartered, self-clearing broker-dealer and a global leader in brokerage infrastructure APIs providing access to stocks, ETFs, options, fixed income, and crypto. Alpaca delivers embeddable finance solutions for tokenization, fully paid securities lending, high-yield cash, 24/5 trading, Shariah-compliant investing, and more. Today, Alpaca powers over 9 million brokerage accounts across hundreds of fintechs and institutions in 40+ countries with over $320M in funding. For more information, visit: alpaca.markets. About Musaffa Based in New York City, Musaffa is a Halal Investment Research Platform that empowers investors to make informed, confident financial decisions. The platform provides comprehensive tools to screen stocks and ETFs for compliance with Islamic principles and ethical standards, offers financial education resources, and enables users to invest in halal and ethical financial products via a simple, user-friendly interface. Recognized as one of the 30 Notable Islamic Fintechs for three consecutive years, Musaffa currently serves 600,000+ members across 200 countries and is on a mission to make halal, values-driven investing accessible to millions worldwide. For more information, visit: musaffa.com. Alpaca does not make any representation that its products or services are Shariah-compliant. Customers are solely responsible for determining whether any offering meets their own Shariah requirements. Securities brokerage services are provided by Alpaca Securities LLC (dba "Alpaca Clearing"), member FINRA/SIPC, a wholly owned subsidiary of AlpacaDB, Inc. AlpacaDB, Inc., the parent company of Alpaca Securities LLC and Alpaca Crypto LLC, provides services and technology, including the brokerage infrastructure API supporting Alpaca's financial services. Cryptocurrency services are provided by Alpaca Crypto LLC, a FinCEN-registered MSB (NMLS #2160858) and subsidiary of AlpacaDB, Inc. This is not an offer, solicitation of an offer, or advice to buy or sell securities or cryptocurrencies or open a brokerage account or cryptocurrency account in any jurisdiction where Alpaca Securities or Alpaca Crypto, respectively, are not registered or licensed, as applicable. All investments involve risk; for more information, please see its Disclosure Library.