The integration follows an existing MatrixNET tie-up, deepening the relationship between Devexperts and the UK-based technology provider.
Devexperts
has added Gold-i's Visual Edge risk management software to its DXtrade
multi-asset trading platform, giving brokers a new tool for monitoring client
exposure, identifying scalper traders, and deciding how to route client orders.
Visual Edge
provides brokers with dashboards covering client-level profit and loss data,
exposure summaries, and customizable automated alerts. The software also
generates scheduled daily reports.
According
to Gold-i, the tool helps multi-asset brokers decide how to route client
orders, identifying which traders to A-book, meaning orders sent to an external
liquidity provider, and which to B-book, meaning orders handled internally.
Tom Higgins, Founder & CEO, Gold-i
"By
integrating Gold-i's Visual Edge into DXtrade, brokers using this institutional
grade multi-asset trading platform gain deeper, real-time insight into their
trading operations, enabling them to identify exposures earlier and make more
informed decisions," said Tom Higgins, CEO and founder of Gold-i.
One feature
Gold-i highlights as particularly popular is automated scalper detection. The
tool continuously monitors trading patterns and issues alerts when it
identifies clients whose behavior it characterizes as potentially damaging to
broker profitability, according to the company. Gold-i says this allows brokers
to act on problematic client activity before losses accumulate.
Jon Light, Senior Director of Product Management at Devexperts
DXtrade
supports stocks, options, futures, ETFs, mutual funds, bonds, FX, CFDs, and
margin and spot digital assets, and is offered as a white-label solution that
brokers can partially or fully customize. Devexperts has been adding
third-party tools to the platform at a steady pace.
In March
2026, DXtrade partnered with theScreener to embed investment research directly
inside the platform, giving brokers access to equity analysis and sector
intelligence for their clients. The platform is listed among
the top trading platforms for brokers in 2026, with its flexibility and integration options
cited as key differentiators.
"One
of DXtrade's strong differentiating factors is the platform's ability to
integrate with third parties," Light said in a separate announcement
earlier this month. For the Visual Edge integration, Devexperts said current
and prospective DXtrade licensees will gain access to the tool.
Gold-i Expands Across
Platforms
For Gold-i,
the DXtrade deal broadens the reach of Visual Edge beyond its traditional
MetaTrader user base. The UK-headquartered firm originally launched Visual Edge
in 2014 to serve MT4 brokers, and has since expanded the tool's compatibility.
Gold-i has also been active on the MatrixNET side, adding
Crypto.com Exchange to MatrixNET in March 2026 and connecting
Edgewater Markets for
FX and precious metals liquidity in February 2025.
Higgins
framed the DXtrade integration as a distribution opportunity, noting that the
platform "is rapidly gaining traction amongst brokers worldwide."
Gold-i is headquartered in the UK and serves brokers, fund managers, prop
trading firms, liquidity providers, exchanges, and crypto institutions
globally.
Devexperts,
founded in 2002 and headquartered in Ireland, employs more than 800 engineers
across offices in the US, Germany, Portugal, Bulgaria, Singapore, Turkey, and
Georgia.
Devexperts
has added Gold-i's Visual Edge risk management software to its DXtrade
multi-asset trading platform, giving brokers a new tool for monitoring client
exposure, identifying scalper traders, and deciding how to route client orders.
Visual Edge
provides brokers with dashboards covering client-level profit and loss data,
exposure summaries, and customizable automated alerts. The software also
generates scheduled daily reports.
According
to Gold-i, the tool helps multi-asset brokers decide how to route client
orders, identifying which traders to A-book, meaning orders sent to an external
liquidity provider, and which to B-book, meaning orders handled internally.
Tom Higgins, Founder & CEO, Gold-i
"By
integrating Gold-i's Visual Edge into DXtrade, brokers using this institutional
grade multi-asset trading platform gain deeper, real-time insight into their
trading operations, enabling them to identify exposures earlier and make more
informed decisions," said Tom Higgins, CEO and founder of Gold-i.
One feature
Gold-i highlights as particularly popular is automated scalper detection. The
tool continuously monitors trading patterns and issues alerts when it
identifies clients whose behavior it characterizes as potentially damaging to
broker profitability, according to the company. Gold-i says this allows brokers
to act on problematic client activity before losses accumulate.
Jon Light, Senior Director of Product Management at Devexperts
DXtrade
supports stocks, options, futures, ETFs, mutual funds, bonds, FX, CFDs, and
margin and spot digital assets, and is offered as a white-label solution that
brokers can partially or fully customize. Devexperts has been adding
third-party tools to the platform at a steady pace.
In March
2026, DXtrade partnered with theScreener to embed investment research directly
inside the platform, giving brokers access to equity analysis and sector
intelligence for their clients. The platform is listed among
the top trading platforms for brokers in 2026, with its flexibility and integration options
cited as key differentiators.
"One
of DXtrade's strong differentiating factors is the platform's ability to
integrate with third parties," Light said in a separate announcement
earlier this month. For the Visual Edge integration, Devexperts said current
and prospective DXtrade licensees will gain access to the tool.
Gold-i Expands Across
Platforms
For Gold-i,
the DXtrade deal broadens the reach of Visual Edge beyond its traditional
MetaTrader user base. The UK-headquartered firm originally launched Visual Edge
in 2014 to serve MT4 brokers, and has since expanded the tool's compatibility.
Gold-i has also been active on the MatrixNET side, adding
Crypto.com Exchange to MatrixNET in March 2026 and connecting
Edgewater Markets for
FX and precious metals liquidity in February 2025.
Higgins
framed the DXtrade integration as a distribution opportunity, noting that the
platform "is rapidly gaining traction amongst brokers worldwide."
Gold-i is headquartered in the UK and serves brokers, fund managers, prop
trading firms, liquidity providers, exchanges, and crypto institutions
globally.
Devexperts,
founded in 2002 and headquartered in Ireland, employs more than 800 engineers
across offices in the US, Germany, Portugal, Bulgaria, Singapore, Turkey, and
Georgia.
Damian Chmiel is a Senior Analyst & Editor at Finance Magnates with more than 15 years of experience in the CFD and online trading industry. Active as both a trader and journalist since 2010, he focuses on broker coverage, fintech innovation, and regulatory developments across Europe, the Middle East, and Asia.
His work includes interviews with C-level leaders at major brokerages and fintech platforms, as well as co-authoring Finance Magnates’ quarterly industry benchmarking reports. Damian’s reporting is data-driven, market-aware, and grounded in direct industry engagement. His analysis and commentary have also been cited by external media outlets, including Investing.com, Binance, The Asset, Stockhead, and Dispatch.
Education:
MA in Finance and Accounting, Cracow University of Economics
Trade Nation Gets Its European Passport Stamped, Courtesy of Portugal
Featured Videos
FM Daily Brief – 7 July 2026
FM Daily Brief – 7 July 2026
FM Daily Brief – 7 July 2026
FM Daily Brief – 7 July 2026
Today’s Tuesday, the 7th of July 2026, and these are our main stories: Bank J Safra Sarasin moves to take full ownership of Saxo Bank, Trade Nation enters the European Union through Portugal, and Alpaca expands across EEA markets.
Today’s Tuesday, the 7th of July 2026, and these are our main stories: Bank J Safra Sarasin moves to take full ownership of Saxo Bank, Trade Nation enters the European Union through Portugal, and Alpaca expands across EEA markets.
Today’s Tuesday, the 7th of July 2026, and these are our main stories: Bank J Safra Sarasin moves to take full ownership of Saxo Bank, Trade Nation enters the European Union through Portugal, and Alpaca expands across EEA markets.
Today’s Tuesday, the 7th of July 2026, and these are our main stories: Bank J Safra Sarasin moves to take full ownership of Saxo Bank, Trade Nation enters the European Union through Portugal, and Alpaca expands across EEA markets.
Swyft Markets CEO Janeal Delport on Trust, Regulation & Growth in Africa
Swyft Markets CEO Janeal Delport on Trust, Regulation & Growth in Africa
Swyft Markets CEO Janeal Delport on Trust, Regulation & Growth in Africa
Swyft Markets CEO Janeal Delport on Trust, Regulation & Growth in Africa
Swyft Markets CEO Janeal Delport on Trust, Regulation & Growth in Africa
Swyft Markets CEO Janeal Delport on Trust, Regulation & Growth in Africa
How do you build a trusted brokerage in one of the world's fastest-growing trading markets?
In this Finance Magnates Executive Interview, Adam Button speaks with Janeal Delport, Chief Executive Officer of Swyft Markets, during the Finance Magnates Africa Summit in Cape Town.
Janeal shares how Swyft Markets is using years of industry experience to build a client-first brokerage, the role of regulation in South Africa's trading industry, and why technology and strong partnerships are key to the company's future.
Topics covered:
- Building trust in the online trading industry
- Swyft Markets' vision and growth strategy
- Regulation and compliance in South Africa
- Technology and trading platform strategy
- The value of partnerships and industry events
- Expansion plans across Africa and international markets
If you're interested in online trading, fintech, brokerage growth, or financial regulation, this interview offers valuable insights from one of the industry's emerging leaders.
📍 Recorded at the Finance Magnates Africa Summit 2026
#FinanceMagnates #SwyftMarkets #OnlineTrading #Forex #CFDTrading #Fintech #Brokerage #SouthAfrica #Trading #FinanceMagnatesAfricaSummit #ExecutiveInterview
How do you build a trusted brokerage in one of the world's fastest-growing trading markets?
In this Finance Magnates Executive Interview, Adam Button speaks with Janeal Delport, Chief Executive Officer of Swyft Markets, during the Finance Magnates Africa Summit in Cape Town.
Janeal shares how Swyft Markets is using years of industry experience to build a client-first brokerage, the role of regulation in South Africa's trading industry, and why technology and strong partnerships are key to the company's future.
Topics covered:
- Building trust in the online trading industry
- Swyft Markets' vision and growth strategy
- Regulation and compliance in South Africa
- Technology and trading platform strategy
- The value of partnerships and industry events
- Expansion plans across Africa and international markets
If you're interested in online trading, fintech, brokerage growth, or financial regulation, this interview offers valuable insights from one of the industry's emerging leaders.
📍 Recorded at the Finance Magnates Africa Summit 2026
#FinanceMagnates #SwyftMarkets #OnlineTrading #Forex #CFDTrading #Fintech #Brokerage #SouthAfrica #Trading #FinanceMagnatesAfricaSummit #ExecutiveInterview
How do you build a trusted brokerage in one of the world's fastest-growing trading markets?
In this Finance Magnates Executive Interview, Adam Button speaks with Janeal Delport, Chief Executive Officer of Swyft Markets, during the Finance Magnates Africa Summit in Cape Town.
Janeal shares how Swyft Markets is using years of industry experience to build a client-first brokerage, the role of regulation in South Africa's trading industry, and why technology and strong partnerships are key to the company's future.
Topics covered:
- Building trust in the online trading industry
- Swyft Markets' vision and growth strategy
- Regulation and compliance in South Africa
- Technology and trading platform strategy
- The value of partnerships and industry events
- Expansion plans across Africa and international markets
If you're interested in online trading, fintech, brokerage growth, or financial regulation, this interview offers valuable insights from one of the industry's emerging leaders.
📍 Recorded at the Finance Magnates Africa Summit 2026
#FinanceMagnates #SwyftMarkets #OnlineTrading #Forex #CFDTrading #Fintech #Brokerage #SouthAfrica #Trading #FinanceMagnatesAfricaSummit #ExecutiveInterview
How do you build a trusted brokerage in one of the world's fastest-growing trading markets?
In this Finance Magnates Executive Interview, Adam Button speaks with Janeal Delport, Chief Executive Officer of Swyft Markets, during the Finance Magnates Africa Summit in Cape Town.
Janeal shares how Swyft Markets is using years of industry experience to build a client-first brokerage, the role of regulation in South Africa's trading industry, and why technology and strong partnerships are key to the company's future.
Topics covered:
- Building trust in the online trading industry
- Swyft Markets' vision and growth strategy
- Regulation and compliance in South Africa
- Technology and trading platform strategy
- The value of partnerships and industry events
- Expansion plans across Africa and international markets
If you're interested in online trading, fintech, brokerage growth, or financial regulation, this interview offers valuable insights from one of the industry's emerging leaders.
📍 Recorded at the Finance Magnates Africa Summit 2026
#FinanceMagnates #SwyftMarkets #OnlineTrading #Forex #CFDTrading #Fintech #Brokerage #SouthAfrica #Trading #FinanceMagnatesAfricaSummit #ExecutiveInterview
How do you build a trusted brokerage in one of the world's fastest-growing trading markets?
In this Finance Magnates Executive Interview, Adam Button speaks with Janeal Delport, Chief Executive Officer of Swyft Markets, during the Finance Magnates Africa Summit in Cape Town.
Janeal shares how Swyft Markets is using years of industry experience to build a client-first brokerage, the role of regulation in South Africa's trading industry, and why technology and strong partnerships are key to the company's future.
Topics covered:
- Building trust in the online trading industry
- Swyft Markets' vision and growth strategy
- Regulation and compliance in South Africa
- Technology and trading platform strategy
- The value of partnerships and industry events
- Expansion plans across Africa and international markets
If you're interested in online trading, fintech, brokerage growth, or financial regulation, this interview offers valuable insights from one of the industry's emerging leaders.
📍 Recorded at the Finance Magnates Africa Summit 2026
#FinanceMagnates #SwyftMarkets #OnlineTrading #Forex #CFDTrading #Fintech #Brokerage #SouthAfrica #Trading #FinanceMagnatesAfricaSummit #ExecutiveInterview
How do you build a trusted brokerage in one of the world's fastest-growing trading markets?
In this Finance Magnates Executive Interview, Adam Button speaks with Janeal Delport, Chief Executive Officer of Swyft Markets, during the Finance Magnates Africa Summit in Cape Town.
Janeal shares how Swyft Markets is using years of industry experience to build a client-first brokerage, the role of regulation in South Africa's trading industry, and why technology and strong partnerships are key to the company's future.
Topics covered:
- Building trust in the online trading industry
- Swyft Markets' vision and growth strategy
- Regulation and compliance in South Africa
- Technology and trading platform strategy
- The value of partnerships and industry events
- Expansion plans across Africa and international markets
If you're interested in online trading, fintech, brokerage growth, or financial regulation, this interview offers valuable insights from one of the industry's emerging leaders.
📍 Recorded at the Finance Magnates Africa Summit 2026
#FinanceMagnates #SwyftMarkets #OnlineTrading #Forex #CFDTrading #Fintech #Brokerage #SouthAfrica #Trading #FinanceMagnatesAfricaSummit #ExecutiveInterview
FM Daily Brief – 6 July 2026
FM Daily Brief – 6 July 2026
FM Daily Brief – 6 July 2026
FM Daily Brief – 6 July 2026
FM Daily Brief – 6 July 2026
FM Daily Brief – 6 July 2026
Today’s Monday, the 6th of July 2026, and these are our main stories: Vantage launches round-the-clock gold CFD trading, RoboForex brings full trading into Telegram, and Europe is tightening its stance on perpetual futures.
Today’s Monday, the 6th of July 2026, and these are our main stories: Vantage launches round-the-clock gold CFD trading, RoboForex brings full trading into Telegram, and Europe is tightening its stance on perpetual futures.
Today’s Monday, the 6th of July 2026, and these are our main stories: Vantage launches round-the-clock gold CFD trading, RoboForex brings full trading into Telegram, and Europe is tightening its stance on perpetual futures.
Today’s Monday, the 6th of July 2026, and these are our main stories: Vantage launches round-the-clock gold CFD trading, RoboForex brings full trading into Telegram, and Europe is tightening its stance on perpetual futures.
Today’s Monday, the 6th of July 2026, and these are our main stories: Vantage launches round-the-clock gold CFD trading, RoboForex brings full trading into Telegram, and Europe is tightening its stance on perpetual futures.
Today’s Monday, the 6th of July 2026, and these are our main stories: Vantage launches round-the-clock gold CFD trading, RoboForex brings full trading into Telegram, and Europe is tightening its stance on perpetual futures.
The Future of Brokerage Technology: Quadcode on AI, SaaS & Online Trading | Demetris Makrides
The Future of Brokerage Technology: Quadcode on AI, SaaS & Online Trading | Demetris Makrides
The Future of Brokerage Technology: Quadcode on AI, SaaS & Online Trading | Demetris Makrides
The Future of Brokerage Technology: Quadcode on AI, SaaS & Online Trading | Demetris Makrides
The Future of Brokerage Technology: Quadcode on AI, SaaS & Online Trading | Demetris Makrides
The Future of Brokerage Technology: Quadcode on AI, SaaS & Online Trading | Demetris Makrides
How are AI and Software-as-a-Service (SaaS) changing the future of online trading?
In this exclusive Finance Magnates interview, Adonis Adonis, News Editor at Finance Magnates, speaks with Demetris Makrides, Head of Business Development at Quadcode, about the trends shaping the brokerage industry in 2026 and beyond.
They discuss why more brokers are choosing turnkey solutions over building their own technology, how AI is improving trading platforms, and what brokers need to stay competitive in an increasingly crowded market.
In this interview:
✅ What makes Quadcode's brokerage solution different
✅ Why SaaS is becoming the preferred model for brokers
✅ The growing role of AI in online trading
✅ Why user experience is now a competitive advantage
✅ How brokers can launch faster and scale more efficiently
✅ The biggest challenges facing the online trading industry
✅ Quadcode's growth plans and product roadmap
Whether you're launching a brokerage, growing an existing business, or following the latest fintech trends, this interview offers valuable insights into where the industry is heading.
#FinanceMagnates #Quadcode #OnlineTrading #BrokerTechnology #Fintech #CFD #Forex #TradingPlatform #AI #SaaS #Brokerage #BusinessDevelopment
How are AI and Software-as-a-Service (SaaS) changing the future of online trading?
In this exclusive Finance Magnates interview, Adonis Adonis, News Editor at Finance Magnates, speaks with Demetris Makrides, Head of Business Development at Quadcode, about the trends shaping the brokerage industry in 2026 and beyond.
They discuss why more brokers are choosing turnkey solutions over building their own technology, how AI is improving trading platforms, and what brokers need to stay competitive in an increasingly crowded market.
In this interview:
✅ What makes Quadcode's brokerage solution different
✅ Why SaaS is becoming the preferred model for brokers
✅ The growing role of AI in online trading
✅ Why user experience is now a competitive advantage
✅ How brokers can launch faster and scale more efficiently
✅ The biggest challenges facing the online trading industry
✅ Quadcode's growth plans and product roadmap
Whether you're launching a brokerage, growing an existing business, or following the latest fintech trends, this interview offers valuable insights into where the industry is heading.
#FinanceMagnates #Quadcode #OnlineTrading #BrokerTechnology #Fintech #CFD #Forex #TradingPlatform #AI #SaaS #Brokerage #BusinessDevelopment
How are AI and Software-as-a-Service (SaaS) changing the future of online trading?
In this exclusive Finance Magnates interview, Adonis Adonis, News Editor at Finance Magnates, speaks with Demetris Makrides, Head of Business Development at Quadcode, about the trends shaping the brokerage industry in 2026 and beyond.
They discuss why more brokers are choosing turnkey solutions over building their own technology, how AI is improving trading platforms, and what brokers need to stay competitive in an increasingly crowded market.
In this interview:
✅ What makes Quadcode's brokerage solution different
✅ Why SaaS is becoming the preferred model for brokers
✅ The growing role of AI in online trading
✅ Why user experience is now a competitive advantage
✅ How brokers can launch faster and scale more efficiently
✅ The biggest challenges facing the online trading industry
✅ Quadcode's growth plans and product roadmap
Whether you're launching a brokerage, growing an existing business, or following the latest fintech trends, this interview offers valuable insights into where the industry is heading.
#FinanceMagnates #Quadcode #OnlineTrading #BrokerTechnology #Fintech #CFD #Forex #TradingPlatform #AI #SaaS #Brokerage #BusinessDevelopment
How are AI and Software-as-a-Service (SaaS) changing the future of online trading?
In this exclusive Finance Magnates interview, Adonis Adonis, News Editor at Finance Magnates, speaks with Demetris Makrides, Head of Business Development at Quadcode, about the trends shaping the brokerage industry in 2026 and beyond.
They discuss why more brokers are choosing turnkey solutions over building their own technology, how AI is improving trading platforms, and what brokers need to stay competitive in an increasingly crowded market.
In this interview:
✅ What makes Quadcode's brokerage solution different
✅ Why SaaS is becoming the preferred model for brokers
✅ The growing role of AI in online trading
✅ Why user experience is now a competitive advantage
✅ How brokers can launch faster and scale more efficiently
✅ The biggest challenges facing the online trading industry
✅ Quadcode's growth plans and product roadmap
Whether you're launching a brokerage, growing an existing business, or following the latest fintech trends, this interview offers valuable insights into where the industry is heading.
#FinanceMagnates #Quadcode #OnlineTrading #BrokerTechnology #Fintech #CFD #Forex #TradingPlatform #AI #SaaS #Brokerage #BusinessDevelopment
How are AI and Software-as-a-Service (SaaS) changing the future of online trading?
In this exclusive Finance Magnates interview, Adonis Adonis, News Editor at Finance Magnates, speaks with Demetris Makrides, Head of Business Development at Quadcode, about the trends shaping the brokerage industry in 2026 and beyond.
They discuss why more brokers are choosing turnkey solutions over building their own technology, how AI is improving trading platforms, and what brokers need to stay competitive in an increasingly crowded market.
In this interview:
✅ What makes Quadcode's brokerage solution different
✅ Why SaaS is becoming the preferred model for brokers
✅ The growing role of AI in online trading
✅ Why user experience is now a competitive advantage
✅ How brokers can launch faster and scale more efficiently
✅ The biggest challenges facing the online trading industry
✅ Quadcode's growth plans and product roadmap
Whether you're launching a brokerage, growing an existing business, or following the latest fintech trends, this interview offers valuable insights into where the industry is heading.
#FinanceMagnates #Quadcode #OnlineTrading #BrokerTechnology #Fintech #CFD #Forex #TradingPlatform #AI #SaaS #Brokerage #BusinessDevelopment
How are AI and Software-as-a-Service (SaaS) changing the future of online trading?
In this exclusive Finance Magnates interview, Adonis Adonis, News Editor at Finance Magnates, speaks with Demetris Makrides, Head of Business Development at Quadcode, about the trends shaping the brokerage industry in 2026 and beyond.
They discuss why more brokers are choosing turnkey solutions over building their own technology, how AI is improving trading platforms, and what brokers need to stay competitive in an increasingly crowded market.
In this interview:
✅ What makes Quadcode's brokerage solution different
✅ Why SaaS is becoming the preferred model for brokers
✅ The growing role of AI in online trading
✅ Why user experience is now a competitive advantage
✅ How brokers can launch faster and scale more efficiently
✅ The biggest challenges facing the online trading industry
✅ Quadcode's growth plans and product roadmap
Whether you're launching a brokerage, growing an existing business, or following the latest fintech trends, this interview offers valuable insights into where the industry is heading.
#FinanceMagnates #Quadcode #OnlineTrading #BrokerTechnology #Fintech #CFD #Forex #TradingPlatform #AI #SaaS #Brokerage #BusinessDevelopment
FM Daily Brief – 3 July 2026
FM Daily Brief – 3 July 2026
FM Daily Brief – 3 July 2026
FM Daily Brief – 3 July 2026
FM Daily Brief – 3 July 2026
FM Daily Brief – 3 July 2026
Today’s Friday, the 3rd of July 2026, and these are our main stories: Esma warns that prediction markets may still fall under the EU’s binary options ban, prediction markets surpass 50 billion dollars in monthly trading volume and brokers rethink client engagement in a tougher regulatory landscape.
Today’s Friday, the 3rd of July 2026, and these are our main stories: Esma warns that prediction markets may still fall under the EU’s binary options ban, prediction markets surpass 50 billion dollars in monthly trading volume and brokers rethink client engagement in a tougher regulatory landscape.
Today’s Friday, the 3rd of July 2026, and these are our main stories: Esma warns that prediction markets may still fall under the EU’s binary options ban, prediction markets surpass 50 billion dollars in monthly trading volume and brokers rethink client engagement in a tougher regulatory landscape.
Today’s Friday, the 3rd of July 2026, and these are our main stories: Esma warns that prediction markets may still fall under the EU’s binary options ban, prediction markets surpass 50 billion dollars in monthly trading volume and brokers rethink client engagement in a tougher regulatory landscape.
Today’s Friday, the 3rd of July 2026, and these are our main stories: Esma warns that prediction markets may still fall under the EU’s binary options ban, prediction markets surpass 50 billion dollars in monthly trading volume and brokers rethink client engagement in a tougher regulatory landscape.
Today’s Friday, the 3rd of July 2026, and these are our main stories: Esma warns that prediction markets may still fall under the EU’s binary options ban, prediction markets surpass 50 billion dollars in monthly trading volume and brokers rethink client engagement in a tougher regulatory landscape.