Aaditya Tamrakar | Akshay Hemant Deshmukh | Kanthraj Shantharam | Ishan Dubey
Prototype Demo HTML (desktop only): https://aadityatamrakar.github.io/umbtrading/index.html
In the stock market, there are multiple segments/instruments and one of them is options. Trading stocks is very simple and easy as there are only two possible actions: BUY & SELL, where if someone buys a stock it means if the stock goes up it will make money, and similarly it has a sell logic. In the stock market, we have a symbol for stock so we can buy and sell using that symbol, but in the options market, there is an option chain (it consists of a lot of instruments) for a stock or index or some underlying instrument. An option has two types: call or put, call option price increases when underlying moves up and put option price increases when the underlying stock goes down. A normal user finds it difficult to read and interpret this option chain and thus it is very hard for him to trade in the options market. We are proposing a simple user interface where a user can trade options easily and without having an understanding of options.
To get ease in options trading for all the users.
To simplify the tedious process of understanding and trading in options.
To get a user-oriented approach and facilitate learning of options trading.
Options have a lot of instruments, call options, put options, different strike prices, different expiry options. Finding a good option to trade is difficult and time-consuming.
Most of the exchange websites and broker sites show an option chain in the table format which is a large set of data in a complicated way. Ex: https://www.nseindia.com/market-data/equity-derivatives-watch
Too many data points to look at, compiling large amounts of data into small designs will be hard. Most of the data is required so, making it look less scary will be hard.
Navigation and selecting the right option interaction page will be tough.
Users may have less understanding of trading options, briefing them about this multi-step process can be an obstacle.
Login or Register on the website
Walkthrough of the website for first time user
Place a new order
Modify an existing order
Check Order history
View current portfolio
Settings / configuration
About / FAQ / Help