Native Integration of TipRanks API for Market Analysis

My role

As a Senior Product Designer at IG Group, I led the design work for the native integration of TipRanks, a comprehensive research tool, into our trading platform.

Scope

IG has partnered with TipRanks to offer three in-platform market analysis widgets. This integration aimed to provide our users with enhanced market analysis capabilities, leveraging TipRanks’ unique features and extensive database.

Process

1. Research and Discovery

  • User Needs Analysis. Conducted user interviews to understand the specific needs and preferences of traders regarding market analysis tools.
  • Integration Analysis. With team tech lead identified best practices and areas for differentiation in integrating third-party research tools.

2. Concept Development

  • Collaboration with Stakeholders. Worked closely with business stakeholders, product manager, dev team to define the integration scope, key features, and user workflows.

3. Design and Prototyping

  • UI Design. Designed high-fidelity mockups ensuring that TipRanks’ data and insights were presented in a visually appealing and user-friendly manner, consistent with IG Trading Web, iOS and Android design system.
  • Interaction Design. Developed interactive prototypes to demonstrate how users would interact with TipRanks’ features, such as viewing analyst ratings and analyst profile, reading news, and accessing stock forecasts.
  • API Integration. Worked with dev team to ensure smooth API integration, allowing real-time data updates and interaction.

4. Testing and Iteration

  • Usability Testing. Conducted usability tests to gather feedback on the integration, focusing on ease of use, data accessibility, and overall user experience.

5. Launch and Evaluation

  • Implementation. Collaborated with developers to oversee the implementation of the final design.
  • Evaluation. With product owner set metrics and interaction tracking for measuring success of implementation.

Outcome

Engagement: ~50% of clients trading are having an interaction with the TipRanks analysis widgets

Journey progression: 100+ First Trades have been made post interaction

Time in platform: 30% uplift

Smart Score

Widget 1 – Offering the ability to see a stock’s performance at a glance.

Analyst Consensus

Widget 2 – discover market forecasts from experts.

Analysts’ Top Stocks

Widget 3 – the best stocks in a single watchlist to help traders quickly identify trading opportunities. The rankings are based on TipRanks’ smart score feature.

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