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The role of User Experience Design in
developing financial software that people can
and want to use	


Amir Dotan	

Lab49	

www.lab49.com
Amir Dotan	


          User Experience Architect at Lab49 in London	


Before Lab49: 	

User Experience Researcher (City University London)	

Multimedia Arts degree lecturer (SAE College London) 	

Web Developer (SHAPE Interactive Israel) 	




         Blogger: ‘Usable Design’ – www.amirdotan.com	

         Founding member: User Experience Israel www.uxi.co.il
Lab49 is a consulting firm that provides strategic
consulting and advanced technology solutions for
the financial services industry. Our clients include
many of the world’s largest investment banks,
hedge funds and exchanges.
Lab49 was founded in 2002 and now
comprises over 200 people, with major offices
in New York and London 	


20+ Single-Dealer Platform projects
I’m going to talk about	



   1. What is User Experience Design?	


    2. How can User Experience Design improve
    financial software?
User Experience Design	

     The practice of analysing business requirements, user
     needs and the available environment in order to develop
     useful and usable products
Being the users’ advocate	


 Get to know the users and champion their needs	


    Analyse the users’ needs, abilities and limitations	


          Specify the user-system interaction
The business owner	





The trade salesperson	




                              The professional investor	





    The traders
What we usually aim to achieve:	


      Increase productivity	


Informed decision making	


 Keeping users happy	


     Reduce training costs	

           Increase sales	

     Gain competitive edge
Reduce human errors
Easy! Let’s make sure the system is user friendly!
Easy?... Really?
How long does it take to learn how to
use the system?
How fast can the user perform tasks?
What can the user do with the system?
How do people feel about using the system?
User Experience Design – The Approach	





  1. Research	

           2. Concept	

           3. Evaluate	





            4. Design	

            5. Confirm	

   6. Iterate
My day to day work
Specifying what people will be able
to do with the system
Specifying the steps the user will have to take
Specifying the navigation
Specifying how information is grouped
Specifying how information is grouped 	





                     http://thomsonreuters.com/products_services/financial/eikon
Specifying how information is visualised
Specifying how colours are used
Swap	

               SPOT	

             Call	

                  Volatility	

      Put	

Specifying the terminology	

 CCY	

 Short	

                 Liquidity	

 Hedge	

 Straddle	

                                       Pip	

                    Principal 	

               Bid	

                                      Margin	

                         Maturity	

                                                         Delta	

                                           Position	

                 Yield	

                              Blotter
Can the user personalise this interface?	

    How well does the interface fit in the user’s work environment?	

         How well does the interface help users recover from errors?	

                  Does the interface enable users to work quickly?
Will the user understand the meaning of
various terms and icons?	

      How will the interface appear on a large screen?
How will the user feel after using this
interface for more than 10 minutes?
http://www.etoro.com/




How effective is the data visualisation?
In conclusion	


Ensuring a positive user experience by constantly
researching and evaluating designs with real users may
seem obvious, but in reality isn’t that easy at all and
requires a methodological approach	



In order to deliver financial software that people want
and can use we have to provide high quality user
experiences that take into account what people know,
need and want to achieve
Thank you	


Amir Dotan	


adotan@lab49.com	

www.amirdotan.com	


Twitter	

@AmirDotan 	

@UX_for_Finance

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The role of User Experience Design in developing financial software that people can and want to use

  • 1. The role of User Experience Design in developing financial software that people can and want to use Amir Dotan Lab49 www.lab49.com
  • 2. Amir Dotan User Experience Architect at Lab49 in London Before Lab49: User Experience Researcher (City University London) Multimedia Arts degree lecturer (SAE College London) Web Developer (SHAPE Interactive Israel) Blogger: ‘Usable Design’ – www.amirdotan.com Founding member: User Experience Israel www.uxi.co.il
  • 3. Lab49 is a consulting firm that provides strategic consulting and advanced technology solutions for the financial services industry. Our clients include many of the world’s largest investment banks, hedge funds and exchanges.
  • 4. Lab49 was founded in 2002 and now comprises over 200 people, with major offices in New York and London 20+ Single-Dealer Platform projects
  • 5. I’m going to talk about 1. What is User Experience Design? 2. How can User Experience Design improve financial software?
  • 6. User Experience Design The practice of analysing business requirements, user needs and the available environment in order to develop useful and usable products
  • 7. Being the users’ advocate Get to know the users and champion their needs Analyse the users’ needs, abilities and limitations Specify the user-system interaction
  • 8. The business owner The trade salesperson The professional investor The traders
  • 9. What we usually aim to achieve: Increase productivity Informed decision making Keeping users happy Reduce training costs Increase sales Gain competitive edge
  • 11. Easy! Let’s make sure the system is user friendly!
  • 13. How long does it take to learn how to use the system?
  • 14. How fast can the user perform tasks?
  • 15. What can the user do with the system?
  • 16. How do people feel about using the system?
  • 17. User Experience Design – The Approach 1. Research 2. Concept 3. Evaluate 4. Design 5. Confirm 6. Iterate
  • 18. My day to day work
  • 19. Specifying what people will be able to do with the system
  • 20. Specifying the steps the user will have to take
  • 23. Specifying how information is grouped http://thomsonreuters.com/products_services/financial/eikon
  • 24. Specifying how information is visualised
  • 26. Swap SPOT Call Volatility Put Specifying the terminology CCY Short Liquidity Hedge Straddle Pip Principal Bid Margin Maturity Delta Position Yield Blotter
  • 27. Can the user personalise this interface? How well does the interface fit in the user’s work environment? How well does the interface help users recover from errors? Does the interface enable users to work quickly?
  • 28. Will the user understand the meaning of various terms and icons? How will the interface appear on a large screen?
  • 29. How will the user feel after using this interface for more than 10 minutes?
  • 30. http://www.etoro.com/ How effective is the data visualisation?
  • 31. In conclusion Ensuring a positive user experience by constantly researching and evaluating designs with real users may seem obvious, but in reality isn’t that easy at all and requires a methodological approach In order to deliver financial software that people want and can use we have to provide high quality user experiences that take into account what people know, need and want to achieve