Functional requirements of Online Portfolio Management System with non-functional

Functional Requirements

1. User Management:
   • Account Creation: Allow users to create accounts with secure authentication methods (e.g., email, social media, or two-factor authentication).
   • Profile Management: Users can manage and update their profiles, including personal information, contact details, and financial goals.
   • Role Management: Support for different user roles, such as individual investors, financial advisors, and administrators.
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2. Portfolio Management:
   • Portfolio Creation: Allow users to create and manage multiple portfolios, each with its own set of investments.
   • Investment Tracking: Track various types of investments, including stocks, bonds, mutual funds, ETFs, and cryptocurrencies.
   • Real-Time Data: Provide real-time or near-real-time updates on market prices, portfolio value, and investment performance.
3. Transaction Management:
   • Trade Execution: Enable users to execute buy, sell, and trade orders for various securities directly through the platform.
   • Transaction History: Maintain a detailed history of all transactions, including date, amount, price, and type of transaction.
4. Performance Analysis:
   • Performance Metrics: Calculate and display key performance metrics such as ROI (Return on Investment), CAGR (Compound Annual Growth Rate), and portfolio growth.
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   • Risk Analysis: Provide tools to assess the risk level of the portfolio, including metrics like beta, volatility, and Sharpe ratio.
   • Comparative Analysis: Compare portfolio performance against benchmarks or market indices.
5. Reporting and Analytics:
   • Custom Reports: Allow users to generate custom reports on portfolio performance, asset allocation, and transaction history.
   • Scheduled Reports: Support the scheduling of regular reports for automated generation and delivery.
   • Data Visualization: Provide charts, graphs, and other visual tools to help users analyze their portfolios and performance trends.
6. Asset Allocation:
   • Diversification: Tools for analyzing and optimizing asset allocation to achieve desired diversification and balance.
   • Rebalancing: Allow users to set rules or automate portfolio rebalancing based on predefined criteria or thresholds.
7. Market Data Integration:
   • News Feed: Integrate with financial news sources to provide relevant market news and updates.
   • Economic Indicators: Display key economic indicators that might affect investment decisions.
8. Alerts and Notifications:
   • Price Alerts: Notify users when investments reach specified price levels or experience significant changes.
   • Performance Alerts: Alert users to significant changes in portfolio performance or risk levels.
9. Security and Compliance:
   • Data Encryption: Implement encryption for sensitive user data, including personal and financial information.
   • Compliance: Ensure compliance with financial regulations and data protection laws (e.g., GDPR, SEC regulations).
10. Integration with External Systems:
    • Banking Integration: Optionally integrate with banking systems for automatic updates on cash balances and transactions.
    • Third-Party Data Providers: Integrate with financial data providers for comprehensive market and investment data.
11. Customer Support:
    • Help Desk: Provide access to support resources, including FAQs, live chat, and contact options for customer support.
    • Issue Tracking: Track and manage support tickets and user-reported issues.
12. Admin Panel:
    • Dashboard: A central dashboard for administrators to manage users, system settings, and access controls.
    • User Management: Admins can add, remove, or modify user accounts and roles.
    • System Configuration: Allow admins to configure system settings, integrations, and security policies.

Non-Functional Requirements

1. Performance:
   • Speed: Ensure fast load times for the platform, quick response times for data retrieval, and efficient execution of trades and transactions.
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   • Scalability: The system should handle increasing numbers of users, portfolios, and transactions without performance degradation.
2. Security:
   • Data Protection: Implement robust encryption and secure storage for sensitive user data, including personal, financial, and transaction information.
   • Access Control: Enforce role-based access controls to prevent unauthorized access to records and system features.
   • Transaction Security: Ensure secure handling of all transactions, including trades and data exchanges.
3. Usability:
   • User Interface: Design an intuitive and user-friendly interface for easy navigation, portfolio management, and report generation.
   • Accessibility: Ensure the platform is accessible to users with disabilities, following WCAG guidelines.
4. Reliability:
   • Uptime: Aim for high availability with minimal downtime to ensure continuous access to the system.
   • Backup and Recovery: Implement regular backups and a disaster recovery plan to protect data and ensure business continuity.
5. Maintainability:
   • Code Quality: Maintain clean, well-documented code to facilitate easy updates and maintenance.
   • Modularity: Design the system in a modular way to allow for easy addition of new features and updates.
6. Compatibility:
   • Cross-Browser Support: Ensure compatibility with major web browsers (e.g., Chrome, Firefox, Safari, Edge).
   • Mobile Responsiveness: The platform should be fully functional on various mobile devices and screen sizes.
7. Localization:
   • Multilingual Support: Provide the platform in multiple languages if serving a diverse user base.
   • Regional Customization: Allow for region-specific content, compliance, and system configurations.
8. Analytics and Reporting:
   • Data Insights: Provide actionable insights into portfolio management, investment performance, and user engagement.
   • Custom Reporting: Allow administrators to generate and customize reports based on specific criteria.