Trading Stocks 24/7 WITHOUT a Broker

For institutions, buying a token that tracks a stock isn't enough.

The bigger concern is what happens when orders become large.

Spreads are important, but so is the liquidity sitting behind those prices and the slippage you get as an order moves through the order books.

That's where BitGet's rTokenMarket has produced some useful numbers.

Across comparable stocks, rTokens recorded the lowest simulated slippage for orders of $1,000, $10,000 and $50,000.

At $50,000, slippage was 45% to 58% lower than the next lowest fully executable competing book.

That is a huge difference, and it quickly adds up for desks frequently trading large amounts.

Institutions also need access to markets at all times.

The stock exchange may run on set hours, but the real world obviously doesn't.

Thankfully, supported R tokens trade around the clock, while stock perps give institutions a derivatives market for going long, going short, or hedging existing positions.

This lets a desk react when something important happens, even when Wall Street is closed.

Then there's everything happening behind the trade.

Professional desks use software to place orders, watch prices, and manage positions automatically.

BitGet offers dedicated R token APIs, while its institutional stack includes REST APIs and WebSocket connections that continuously provide real-time updates on prices, order book changes, and trade fills.

Eligible R tokens can also provide collateral within the Unified Trading Account , so those assets don't sit idle.

Oh, and if any of that went over your head, then don't worry.

We'll explore REST, WebSockets, and the UTA in more detail later in the video.

Anyway, there's also the structure behind RToken itself.

As you probably know, it provides tokenized spot-style equity exposure.

Each RToken is backed one-to-one by the underlying stock or ETF held through Alpaca securities in reserve accounts.

BitGet also offers external custody for institutions wanting greater separation between where they trade and where their assets are held.