Hover-Triggered Order Entry Interface for Fast Trade Execution
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Solution Overview
Problem
The rapid price changes in electronic trading networks make it difficult for traders to enter order parameters efficiently, as conventional systems are cumbersome and time-consuming.
Innovation Solution
A graphical user interface (GUI) that allows for hovering functionality, enabling the rendering of drop-down menus with size options upon cursor hover, allowing for immediate order transmission upon selection.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Productivity
If conventional order entry systems are used, then order parameters can be entered, but the process is cumbersome and time-consuming
Solution Approach 1:
The system pre-loads and displays multiple size options in a drop-down menu before the trader needs to make a selection. By preparing the available sizes in advance and making them immediately accessible through a simple drop-down interface, the system eliminates the need for traders to manually search or calculate optimal position sizes during fast-moving market conditions.
Solution Approach 2:
The interface dynamically responds to cursor hover actions, automatically displaying the drop-down menu with size options when the trader hovers over a row. This dynamic behavior adapts to the trader's intent in real-time, providing context-aware assistance that speeds up the ordering process while maintaining simplicity.
2Reliability
If manual order parameter entry is used, then accuracy can be verified, but time is lost during volatile price changes
Solution Approach 1:
The system automatically retrieves and displays the correct size options based on the selected security and current market conditions. Rather than requiring the trader to manually verify availability and constraints, the system self-populates the drop-down menu with valid, pre-calculated size options, ensuring accuracy while minimizing trader intervention time.
Solution Approach 2:
The system provides immediate feedback by displaying only valid, available size options in the drop-down menu based on real-time market data and account constraints. This feedback mechanism guides the trader's selection process, ensuring that chosen parameters are both accurate and executable, while the rapid display response maintains speed during volatile conditions.
Data Source
AI summary
Disclosed herein are an apparatus, method, and non-transitory computer readable medium that improves the functioning of the computer. A drop down menu with different options may be rendered for an order associated with a product on which a cursor hovers. In response to a selection of a parameter option, an order for a product is transmitted.