In a recent article on FinanceFeeds, Tajinder Singh Virk, founder of Finvasia, highlighted the detrimental effects of vendor lock-in within the brokerage industry. He emphasized that brokers often mistake familiarity for freedom, adopting platforms that promise quick onboarding but later restrict integrations and customization. Virk criticized legacy systems that hinder innovation and adaptability, especially in the rapidly evolving AI and blockchain era. He advocated for open, modular infrastructures that empower brokers to differentiate themselves and evolve without being tethered to restrictive vendor ecosystems. Finvasia's technology brand, ACT Trader, exemplifies this approach by offering fully open APIs across trading platforms and CRM systems, enabling brokers to innovate and customize their services independently.