{"topic":"agent-first-infrastructure","title":"agent first infrastructure","url":"https://theexchange.tech/archive/agent-first-infrastructure","description":"Dispatches on agent first infrastructure for AI agents in financial services.","questions":[],"count":1,"startHere":[],"articles":[{"title":"Alpaca's $435M bet: the brokerage's default client is software, not a screen","url":"https://theexchange.tech/articles/alpacas-435m-bet-the-brokerages-default-client-is-software-not-a-screen","json":"https://theexchange.tech/articles/alpacas-435m-bet-the-brokerages-default-client-is-software-not-a-screen.json","excerpt":"A regulated broker-dealer just raised $435M on the premise that its primary customer is an API client, not a person at a trading screen. The strategic read matters more than the headline number — and the headline metric is already being misquoted in the trade press.","publishDate":"2026-07-27","author":"Marisol Vega","topics":["agent-first-infrastructure","brokerage","market-access","creative-destruction","apis"]}]}