Functional requirements of Online Trading Platform with non-functional

Functional Requirements

1. User Management:
   • Registration and Authentication: Allow users to register, log in, and recover passwords. Support multi-factor authentication for added security.
   • User Profile Management: Users should be able to view and update their personal and contact information.
   • Role-Based Access Control: Different roles (e.g., Trader, Admin, Support) should have distinct access levels and permissions.
2. Account Management:
   • Account Setup: Users can create and configure trading accounts.
   • Account Verification: Implement identity verification processes for user accounts, including KYC (Know Your Customer) checks.
   • Account Funding: Provide options for users to deposit and withdraw funds using various payment methods.
3. Trading Operations:
   • Order Placement: Allow users to place different types of orders (e.g., market, limit, stop-loss).
   • Order Management: Users should be able to view, modify, or cancel their orders.
   • Trade Execution: Ensure real-time execution of trades and provide confirmations for executed trades.
4. Market Data:
   • Real-Time Quotes: Provide real-time data on stock prices, forex rates, commodities, and other trading instruments.
   • Historical Data: Allow users to access historical price data and charts for analysis.
   • Market News: Integrate news feeds and financial reports relevant to trading activities.
5. Portfolio Management:
   • Portfolio Overview: Display a summary of user portfolios, including current holdings, value, and performance.
   • Transaction History: Provide detailed records of past trades, deposits, withdrawals, and other account activities.
6. Reporting and Analytics:
   • Performance Reports: Generate reports on trading performance, including profit and loss statements.
   • Tax Reports: Provide tools for users to generate tax-related reports and summaries.
   • Customizable Charts: Offer customizable charts and analytics tools for technical analysis.
7. Alerts and Notifications:
   • Trade Alerts: Notify users of important events, such as order execution, price changes, and margin calls.
   • News Alerts: Provide alerts for significant market news or economic events.
8. Customer Support:
   • Support Channels: Offer multiple support channels, including live chat, email, and phone support.
   • Help Center: Maintain a comprehensive help center with FAQs, guides, and troubleshooting tips.
9. Integration:
   • Third-Party Services: Integrate with financial news providers, payment gateways, and market data services.
   • APIs: Provide APIs for third-party integrations and custom development.
10. Compliance and Security:
    • Regulatory Compliance: Ensure the platform adheres to financial regulations and industry standards.
    • Anti-Fraud Measures: Implement anti-fraud measures, including transaction monitoring and risk management.

Non-Functional Requirements

1. Performance:
   • Scalability: The system should handle increasing numbers of users and transactions efficiently.
   • Response Time: Ensure low latency for real-time data and quick execution of trades.
2. Reliability:
   • Availability: Achieve high availability with minimal downtime to ensure continuous trading operations.
   • Disaster Recovery: Implement disaster recovery procedures to handle unexpected outages or failures.
3. Security:
   • Data Encryption: Ensure data encryption both in transit and at rest to protect sensitive information.
   • Access Control: Implement robust authentication and authorization mechanisms to safeguard user accounts and data.
   • Regulatory Compliance: Comply with data protection regulations such as GDPR or CCPA.
4. Usability:
   • User Interface: Design an intuitive and user-friendly interface for easy navigation and operation.
   • Accessibility: Ensure the platform is accessible to users with disabilities, following accessibility guidelines.
5. Maintainability:
   • Code Quality: Adhere to best coding practices and maintain high-quality code for easier updates and maintenance.
   • Documentation: Provide comprehensive documentation for users and developers, including user guides and API documentation.
6. Support:
   • Customer Service: Offer timely and effective customer support to resolve user issues and queries.
   • Training: Provide training materials or tutorials to help users understand and utilize the platform effectively.
7. Compatibility:
   • Cross-Browser Support: Ensure compatibility with major web browsers (e.g., Chrome, Firefox, Safari).
   • Mobile Responsiveness: Design the platform to be responsive and functional on mobile devices.
8. Backup and Recovery:
   • Regular Backups: Schedule regular backups of data to prevent loss in case of system failures.
   • Recovery Procedures: Establish procedures for data recovery and system restoration.
9. Integration:
   • Interoperability: Ensure the platform can integrate seamlessly with other financial systems and services.
   • API Flexibility: Provide flexible APIs to accommodate various integration needs.