Self-clearing broker-dealer Alpaca has been approved as a clearing member of the Options Clearing Corporation (OCC) and the Fixed Income Clearing Corporation (FICC), adding derivatives and U.S. Treasuries to its direct clearing capabilities, the company shares on Business Wire.
The company already clears U.S. equities through the Depository Trust & Clearing Corporation (DTCC). With the new memberships, it will be able to handle clearing for stocks, ETFs, options, and government securities without using third-party clearing brokers.
In-house
OCC is the central counterparty for U.S. equity derivatives, while FICC provides central clearing for government securities and repurchase agreements. The additional memberships mean Alpaca can manage execution, clearing, and settlement entirely in-house. The firm says this setup will enable faster trade processing, more flexible workflows, and real-time post-trade visibility for its clients.
The approvals follow Alpaca’s launch earlier this year of U.S.-listed options and Treasuries for its partner network. The firm operates on an API-first brokerage infrastructure and is registered as a broker-dealer with FINRA.
