Single-Screen Option Chain Trading Interface
Find Innovative SolutionsGenerate Solutions
Solution Overview
Problem
Individual investors in online trading face challenges in accessing and navigating a wide variety of information needed for informed trading decisions, often requiring them to leave the trading screen and spend significant time finding relevant data, which can lead to errors and inefficiencies.
Innovation Solution
A single-screen option chain trading system that provides a matrix view of all available options for a security, including strike prices and expiration dates, with hover-over features for supplemental information and triple-action selection capabilities, allowing investors to execute trades quickly and easily without navigating away from the trading screen.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Loss of information
If investors access comprehensive trading information through multiple screens and navigation, then information completeness is improved, but trading time and operational complexity increase
Solution Approach 1:
The patent combines multiple information screens into a single integrated trading interface that displays option chains, market data, and trading controls simultaneously. This merging eliminates the need for investors to navigate between multiple screens while maintaining access to comprehensive trading information, thus reducing trading time without sacrificing information completeness.
Solution Approach 2:
The trading interface is designed as a multi-functional system that provides various trading information and controls within a single screen. The interface universally displays option chains, market data, trading controls, and supplemental information together, allowing investors to perform multiple trading tasks without leaving the main trading screen.
2Loss of information
If investors navigate to multiple screens for trading information, then information accessibility is improved, but operational complexity and error risk increase
Solution Approach 1:
By merging all essential trading information and controls into a single integrated screen, the system eliminates complex navigation between multiple screens. Investors can access all necessary information and execute trades without navigating away from the main trading interface, significantly simplifying operations and reducing error risk.
Solution Approach 2:
The interface provides supplemental information automatically through hover-over features and on-screen displays without requiring investors to leave the trading screen. The system serves itself by integrating all necessary functions and information directly at the point of use, eliminating the need for separate navigation steps.
3Loss of information
If comprehensive option data is displayed in detail, then information quality is improved, but screen space and interface complexity increase
Solution Approach 1:
The option chain data is segmented into organized sections within the single screen, with different areas displaying different types of information (option chains, market data, controls). This segmentation allows comprehensive data to be displayed in a structured manner that maintains information quality while managing interface complexity through logical organization.
Solution Approach 2:
The interface utilizes multiple visual dimensions and layers to display comprehensive option data. Supplemental information is displayed through hover-over features and layered displays rather than requiring additional screen space. This dimensional approach allows detailed information to be accessed without increasing the apparent interface complexity or requiring multiple screens.
Data Source
AI summary
The present invention is directed to a system and method that facilitates the more fully informed and efficient trading of items of value, including securities. According to the present invention, certain embodiments permit a customer to determine the merits of and to execute a trade from a single screen. One embodiment of the present invention provides a single option chain trading screen enabling a customer to view a matrix of all available options for a given security, including the various strike prices, expiration dates, and whether they are calls or puts. Another embodiment provides a customer with a single option chain trading screen allowing a customer to “hover” at or near various icons to obtain supplemental information without leaving the trading screen, and use a triple-action selection component to ultimately execute a trade.