Trade Console Quote Grouping and Ordering
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Solution Overview
Problem
Current systems lack the ability to effectively manage and display straddle quotes according to user-defined preferences, making it difficult for traders to sort and prioritize volatility-related financial product quotes efficiently.
Innovation Solution
A method and system for managing quotes at a trade console that allows users to group and order financial product quotes based on user-defined attributes, such as term and strike price, enabling customizable displays of straddle quotes with options to highlight or emphasize specific quotes and monitor movements.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Loss of information
If multiple quotes are aggregated into a single user interface, then information consolidation is improved, but display complexity increases
Solution Approach 1:
The interface is segmented into multiple product unit displays, each dedicated to a specific financial product. Each product unit display further segments quotes into groupings based on first sort attributes (e.g., term, strike price) and orders them by second sort attributes (e.g., bid price, ask price). This hierarchical segmentation allows comprehensive quote aggregation while maintaining organizational clarity and reducing perceived interface complexity.
2Ease of operation
If quotes are sorted and grouped by multiple attributes, then information organization is improved, but processing complexity increases
Solution Approach 1:
The system implements dynamic sorting where users can configure first and second sort attributes through user interface elements. The sorting mechanism adapts to user preferences, allowing flexible reconfiguration of quote groupings and ordering without requiring complex manual sorting operations. This dynamic approach simplifies user interaction while handling multiple sort attributes efficiently.
3Ease of operation
If a predefined number of quotes are displayed per grouping, then display clarity is improved, but information completeness may be reduced
Solution Approach 1:
The system extracts and highlights specific quotes within each grouping based on user-defined criteria such as best bid, best ask, or user-selected priorities. By extracting and emphasizing key quotes while maintaining the ability to access additional quotes, the system achieves display clarity for immediate viewing while preserving access to complete information when needed.
Data Source
AI summary
Multiple financial product quotes for a particular product are aggregated into a product unit display, providing for user configuration related to a display of the quotes. A first sort attribute and a second sort attribute are selected or configured to provide the user with a display that includes the financial product quotes in groupings according to the first sort attribute and in ordered lists according to the second sort attribute. When a financial product quote is received, the quote is grouped with other financial product quotes for the particular product according to a first sort attribute. Each grouping is then ordered according to a second sort attribute to provide the desired product unit display. Various sources may provide the quotes, and extra information to enrich the quotes may be provided. Various indicators may be used to highlight or emphasize certain types of information in the product unit display.