Dear Quants,
Due to rate limiting Alpaca has blocked our production IP's from accessing their paper trading servers. We have temporarily disabled Alpaca Paper Trading to prevent deploying to this unstable environment. We're awaiting support from their engineering team to white list our production systems.
We do not recommend deploying with their brokerage at this time. We'll update you once they update their IP rate limit for the community.
Best,
Jared
Connor Spencer
Thanks for the update, Jared!
Does this problem affect the live trading environment with Alpaca, or just the paper trading environment?
Jared Broad
Currently, it is just paper but I guess this is just a factor of the number of requests and they'll probably also rate-limit live-trading as more people go to live until they update their systems. I'd recommend you post to Alpaca support requesting to unblock the QC API.
The material on this website is provided for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation or endorsement for any security or strategy, nor does it constitute an offer to provide investment advisory services by QuantConnect. In addition, the material offers no opinion with respect to the suitability of any security or specific investment. QuantConnect makes no guarantees as to the accuracy or completeness of the views expressed in the website. The views are subject to change, and may have become unreliable for various reasons, including changes in market conditions or economic circumstances. All investments involve risk, including loss of principal. You should consult with an investment professional before making any investment decisions.
Erol Aspromatis
That sucks. I just left a message on their slack channel, hopefully will hear back.
Connor Spencer
I just emailed their support team - will post any updates I hear.
Jared Broad
The immediate fix is simply to white list our API, as we have been successfully trading from the production system for over a year.
The material on this website is provided for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation or endorsement for any security or strategy, nor does it constitute an offer to provide investment advisory services by QuantConnect. In addition, the material offers no opinion with respect to the suitability of any security or specific investment. QuantConnect makes no guarantees as to the accuracy or completeness of the views expressed in the website. The views are subject to change, and may have become unreliable for various reasons, including changes in market conditions or economic circumstances. All investments involve risk, including loss of principal. You should consult with an investment professional before making any investment decisions.
Connor Spencer
Makes sense. Have they been in contact with you?
Jared Broad
No. I've sent the emails they've requested, directly messaged their engineering teams, and provided scripts that prove the rate limit block. I noted this 6 days ago and have seen no change or reply from them at all.
The material on this website is provided for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation or endorsement for any security or strategy, nor does it constitute an offer to provide investment advisory services by QuantConnect. In addition, the material offers no opinion with respect to the suitability of any security or specific investment. QuantConnect makes no guarantees as to the accuracy or completeness of the views expressed in the website. The views are subject to change, and may have become unreliable for various reasons, including changes in market conditions or economic circumstances. All investments involve risk, including loss of principal. You should consult with an investment professional before making any investment decisions.
Austin
That's too bad, they looked like a promising brokerage..
LucyaSm
That is really sad. I will wait for updates
Bryan Cook
Certainly glad I didn't move money in to start live trading over there if we can't paper trade to test first.
Opinion on next best brokerage to use?
Jared Broad
Alpaca replied they're working on it and will get back to us in the next few days.
We try and remain brokerage neutral so can't recommend individual brokerages, but the only other brokerage we currently support for US Equities is Interactive Brokers. If using this brokerage make sure to get the Pro plan (not free Lite) as Lite does not support API trading.
We have an implementation of Tradier Brokerage in LEAN we can bring back if it continues much longer. We were also open to sponsoring an integration to TD as its API has been picking up steam recently.
In late January we should have an integration to Atreyu shipped.
The material on this website is provided for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation or endorsement for any security or strategy, nor does it constitute an offer to provide investment advisory services by QuantConnect. In addition, the material offers no opinion with respect to the suitability of any security or specific investment. QuantConnect makes no guarantees as to the accuracy or completeness of the views expressed in the website. The views are subject to change, and may have become unreliable for various reasons, including changes in market conditions or economic circumstances. All investments involve risk, including loss of principal. You should consult with an investment professional before making any investment decisions.
Andrey Test
Jared Broad is there any update?
Jared Broad
No update from them Andrey; please ping them directly to let them know it's important for the community.
The material on this website is provided for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation or endorsement for any security or strategy, nor does it constitute an offer to provide investment advisory services by QuantConnect. In addition, the material offers no opinion with respect to the suitability of any security or specific investment. QuantConnect makes no guarantees as to the accuracy or completeness of the views expressed in the website. The views are subject to change, and may have become unreliable for various reasons, including changes in market conditions or economic circumstances. All investments involve risk, including loss of principal. You should consult with an investment professional before making any investment decisions.
Connor Spencer
Anyone having trouble deploying to live Alpaca?
Derek Melchin
Hi Connor,
Both paper and live trading with Alpaca are currently down. We're looking into work arounds to support this long term.
Best,
Derek Melchin
The material on this website is provided for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation or endorsement for any security or strategy, nor does it constitute an offer to provide investment advisory services by QuantConnect. In addition, the material offers no opinion with respect to the suitability of any security or specific investment. QuantConnect makes no guarantees as to the accuracy or completeness of the views expressed in the website. The views are subject to change, and may have become unreliable for various reasons, including changes in market conditions or economic circumstances. All investments involve risk, including loss of principal. You should consult with an investment professional before making any investment decisions.
Connor Spencer
Thanks for the heads-up!
Jared Broad
This issue is taking a while to resolve but has nothing to do with technical barriers.
The delay is because Alpaca is trying to ask QuantConnect to sign an API agreement that does not adequately protect your’s and QuantConnect’s IP rights and overreaches in protecting Alpaca’s IP.
Given that we have a lot of IP and technology in the algorithmic trading space, we cannot in good faith sign this agreement. Alpaca needs to make minor modifications to show they are reasonably limiting what they claim is their IP.
I apologize that the community has to bear the brunt of this and hope it can be resolved soon.
The material on this website is provided for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation or endorsement for any security or strategy, nor does it constitute an offer to provide investment advisory services by QuantConnect. In addition, the material offers no opinion with respect to the suitability of any security or specific investment. QuantConnect makes no guarantees as to the accuracy or completeness of the views expressed in the website. The views are subject to change, and may have become unreliable for various reasons, including changes in market conditions or economic circumstances. All investments involve risk, including loss of principal. You should consult with an investment professional before making any investment decisions.
Connor Spencer
Thanks for the update, Jared! That's too bad - they seemed interesting.
Jeff Swimming
Thanks for the update, Jared.
Jared Broad
Sadly as of Feb 2nd, it's been 2 weeks with no replies to repeated requests for updates. We've begun the process of removing Alpaca from the website and LEAN so the users impacted are not left hanging and thinking this is a maintenance issue. If you have a live algorithm today it will continue to run until it stops. There will no longer be an option to redeploy to Alpaca.
We're fast-tracking a Tradier Brokerage implementation. It is also an API brokerage with $0 fees.
In the meantime, we'll be happy to extend a $100 QCC credit to those impacted to help your migration to another brokerage. Send a message to support@quantconnect.com and we'll apply the credit to your accounts.
The material on this website is provided for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation or endorsement for any security or strategy, nor does it constitute an offer to provide investment advisory services by QuantConnect. In addition, the material offers no opinion with respect to the suitability of any security or specific investment. QuantConnect makes no guarantees as to the accuracy or completeness of the views expressed in the website. The views are subject to change, and may have become unreliable for various reasons, including changes in market conditions or economic circumstances. All investments involve risk, including loss of principal. You should consult with an investment professional before making any investment decisions.
Jared Broad
The material on this website is provided for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation or endorsement for any security or strategy, nor does it constitute an offer to provide investment advisory services by QuantConnect. In addition, the material offers no opinion with respect to the suitability of any security or specific investment. QuantConnect makes no guarantees as to the accuracy or completeness of the views expressed in the website. The views are subject to change, and may have become unreliable for various reasons, including changes in market conditions or economic circumstances. All investments involve risk, including loss of principal. You should consult with an investment professional before making any investment decisions.
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