Encapsulated Component Interface for Guided Financial Trading
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Solution Overview
Problem
Conventional systems for facilitating interaction with financial trading systems have unintuitive graphical user interfaces, making it difficult for less experienced investors to execute financial trades independently, leading to a preference for hiring financial advisors.
Innovation Solution
A user interface generation system that creates a graphical user interface with encapsulated components and executable code, capable of receiving and updating inputs to guide users through financial trades, providing real-time feedback and relevant options, thereby enhancing the self-directed investing experience.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Ease of operation
If conventional graphical user interfaces are used for financial trading, then the system can process trades, but the interface becomes unintuitive and difficult to use for less experienced investors
Solution Approach 1:
The patent divides the financial trading interface into multiple encapsulated components, each representing a specific financial concept (e.g., assets, liabilities, trade orders). Each component is independently manageable and can be interacted with separately, making the overall complex system more approachable for users while maintaining full functionality.
Solution Approach 2:
The patent introduces an intermediary layer between the user and the complex financial trading system. This intermediary is the component-based interface that translates user actions into appropriate system operations, providing guidance and simplifying the interaction without exposing the underlying complexity of the trading system.
2Adaptability or versatility
If detailed financial trading options are provided, then trading functionality is enhanced, but user frustration increases due to complexity
Solution Approach 1:
The patent implements a dynamic interface where the set of available components and their configurations changes based on user interactions and context. The system adapts the complexity and availability of trading options in real-time, presenting simpler options to less experienced users while providing advanced options to experienced users, thereby reducing frustration while maintaining versatility.
Solution Approach 2:
Different parts of the interface have different levels of complexity and detail appropriate to their function. Critical components receive more detailed options and guidance, while less critical components remain simplified. This localized differentiation allows the system to provide detailed trading options where needed without overwhelming the user with complexity throughout the entire interface.
3Ease of operation
If comprehensive financial trading guidance is provided, then self-directed investing is facilitated, but the system complexity increases
Solution Approach 1:
The patent enables the system to provide guidance and direction to users automatically based on their interactions and the state of the encapsulated components. The system self-adjusts the interface and provides context-appropriate guidance without requiring manual configuration of complex parameters, facilitating self-directed investing while keeping the underlying system management simple through automated component coordination.
Data Source
AI summary
In one embodiment, a system includes a user interface generation system comprising one or more processors configured to generate a graphical user interface configured to be displayed via a display of a user computing device. The graphical user interface is configured to receive one or more inputs relating to a financial trade. The user interface generation system is also configured to transmit the graphical user interface to the user computing device. In addition, the graphical user interface includes executable code defining a plurality of components encapsulated within the graphical user interface. Each component includes one or more properties and one or more states. The one or more properties and the one or more states relate to the financial trade. The executable code of the graphical user interface is configured to receive the one or more inputs relating to the financial trade from the plurality of components, and to update and render the one or more properties and/or the one or more states of the plurality of components based at least in part on the one or more inputs.