INTRODUCTION

Stockbit aimed to enhance user trading experiences by introducing the Split Order feature and integrating the Time-Weighted Average Price (TWAP) trading algorithm. The objective was to allow users to execute large orders efficiently while minimizing market impact. This case study details the UX design process for implementing the TWAP algorithm and configuring the WAP Order Settings.

USER RESEARCH

Understanding Trader’s Needs

Research focused on comprehending traders' requirements when executing large orders.

Competitor Analysis

Studying similar features in competitor platforms to identify best practices and potential improvements.

KOINS

Regulatory Compliance

Ensuring the design complies with financial regulations and industry standards.

DESIGN PROCESS

Information Architecture

Structuring the feature with clear sections for TWAP algorithm settings and Split Order configurations, ensuring intuitive navigation.

Wireframing & Prototyping

Creating wireframes to outline the layout and flow, followed by interactive prototypes for user testing and validation.

User Feedback Iteration

Gathering feedback through usability testing, allowing iterative refinement of the interface for user-friendliness.

Visual Design

Implementing a visually cohesive and intuitive interface, ensuring clarity in displaying complex trading algorithms and settings.

Split Order Flow

Bulk Withdraw Flow

KEY PROCESS

TWAP Algorithm Integration

Order Count

Users can define the number of individual orders to place, ensuring efficient execution

Time Interval

Setting the time gap between each order, enhancing control over trading pace.

Randomization Range

Allowing users to specify a variable range for each order, providing flexibility.

Start and End Time

Users can schedule the TWAP strategy execution within specific time frames, accommodating different market conditions.

Validation & Error Handling

• Ensuring inputs are validated, preventing users from entering incorrect or invalid data.

• Clear error messages and visual cues to guide users in correcting input mistakes.

SplitQty > Original Lot

splitQty*minRange > originalLot

SplitQty > Original Lot

splitQty*maxRange > originalLot

minRange > OriginalLot

splitQty*maxRange < originalLot

maxRange > OriginalLot

OUTCOME

The Stockbit Split Order feature with TWAP algorithm integration provides traders with a powerful tool for executing large orders strategically. By focusing on user feedback, validation, and visual clarity, Stockbit delivers an intuitive interface that empowers traders to make informed decisions swiftly and efficiently. The outcome is a user-centric, compliant, and efficient trading feature, strengthening Stockbit's position as a leading trading platform, meeting the diverse needs of both novice and experienced traders.