About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Video: The Agentic Brokerage – Devexperts’ Jon Light on Why Retail Trading’s Next Platform Shift is Already Underway

Subscribe to our newsletter

According to Jon Light, Senior Director of Product Management at Devexperts, “agentic brokerage” is becoming a loaded term in retail – but the genuinely interesting shift is structural, not cosmetic. Most AI in brokerage today is still assistive: chatbots, market summaries, onboarding tools that respond when prompted and then go quiet. An agentic system stops being reactive and starts being persistent and action-oriented, monitoring, reasoning and acting within defined permissions and guardrails. Light frames it as the third in a sequence of platform cycles: the internet produced the commission-free broker, the smartphone produced the mobile-first feed-driven broker, and AI is now producing the agentic broker – platforms that stop being interfaces to the market and start operating as continuous intelligent layers across the stack.

The trader-side benefits are the obvious entry point – less noise, more personalisation, structured intelligence rather than a constant stream of data – but Light argues the real structural impact lands on the broker. With average retail relationships short-lived, agentic systems shift focus from acquisition to retention, lifetime value and revenue stability by detecting early behavioural changes – declining engagement, shifts in risk appetite, deviations from a trader’s usual patterns – in time to intervene rather than retrospectively. The most significant change, he says, is in risk management: today’s broker risk systems are largely reactive and aggregated, looking at exposures after they have built up. Continuous, real-time behavioural risk intelligence allows brokers to see leverage, revenge trading or stress signals at the individual trader level, moving the discipline from post-event analysis to pre-event intervention.

A common assumption is that bolting an LLM onto a trading platform is enough to make it agentic. Light is direct that it is not. LLMs handle language, reasoning, summarisation and orchestration well, but they cannot model markets, model risk or capture behavioural dynamics at scale – that work belongs to machine learning models trained on structured trading data, handling churn prediction, risk scoring, behavioural clustering, profitability forecasting and time-series pattern detection. The agent becomes the layer that coordinates between them. Underpinning all of it, he stresses, is API quality and the emerging Model Context Protocol layer that sits on top: without a clean, structured, accessible surface for agents to interact with the broker’s tools, data and actions, the agentic brokerage becomes fragile and fragmented. The future, on Light’s reading, is not a single large model running inside a brokerage – it is a system of specialised models and agents working together across a strong, governed API layer.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: How to organise, integrate and structure data for successful AI

Artificial intelligence (AI) is increasingly being rolled out across financial institutions, being put to work in applications that are transforming everything from back-office data management to front-office trading platforms. The potential for AI to bring further cost-savings and operational gains are limited only by the imaginations of individual organisations. What they all require to achieve...

BLOG

BMLL and Tradefeedr Partner to Build AI-Ready Analytics Layer for Equities and Futures

BMLL Technologies, the independent provider of harmonised historical order book data, and Tradefeedr, the network-based trading analytics platform, have announced a partnership to extend Tradefeedr’s analytics capabilities into equities and futures. The initiative, which includes a year-long industry pilot, represents Tradefeedr’s first move beyond its established FX analytics franchise and signals a broader ambition to...

EVENT

Data Management Summit London

Now in its 16th year, the Data Management Summit (DMS) in London brings together the European capital markets enterprise data management community, to explore how data strategy is evolving to drive business outcomes and speed to market in changing times.

GUIDE

Regulatory Data Handbook 2024 – Twelfth Edition

Welcome to the twelfth edition of A-Team Group’s Regulatory Data Handbook, a unique and useful guide to capital markets regulation, regulatory change and the data and data management requirements of compliance. The handbook covers regulation in Europe, the UK, US and Asia-Pacific. This edition of the handbook includes a detailed review of acts, plans and...