Deutsche Bank selects Applix Real Time Spreadsheets, Reuters Market Data Infonet for trading rooms worldwide.WESTBORO, Mass.--(BUSINESS WIRE)--Jan. 19, 1996--Applix, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :APLX) announced today that Deutsche Bank Deutsche Bank AG (IPA: /'dɔɪ.tʃə/[1]) (ISIN: DE0005140008, NYSE: DB) (English: German Bank AG will install Applix Real Time Spreadsheets on IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) RS/6000 workstations in its trading rooms The notion of "trading room" (sometimes used as a synonym of "trading floor", see below) is widely used in financial markets to refer to the office space where market activities are concentrated in investment banks or brokerage houses. worldwide. With a total value of over US$2,000,000 for the Applixware software, this 1995 deal is one of the largest ever made in this area. The Applix software will be used in Deutsche Bank trading rooms worldwide for a range of financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , including stock and annuities trading, foreign currency exchange, and precious metals Precious Metals Valuable metals such as gold, iridium, palladium, platinum, and silver. Notes: Investing in precious metals can be done either by purchasing the physical asset, or by purchasing futures contracts for the particular metal. trading. The workstations are also equipped with a client-specific version of Reuters Triarch 2000 for trading rooms, called Market Data Infonet (MDI (1) (Multiple Document Interface) A Windows function that allows an application to display and lets the user work with more than one document at the same time. ). The MDI system was developed five years ago jointly by Deutsche Bank and Reuters, the leading supplier of trading platforms, and is now installed worldwide in more than 26 Deutsche Bank locations. Market Data Infonet For a global organization like Deutsche Bank, it is desirable from both a business and technical standpoint to have a uniform trading room architecture worldwide. Market Data Infonet was developed from this requirement. MDI is based on open system architectures. The Reuters Triarch 2000 architecture is a key element of MDI, though the system is not limited to the software products from Reuters. To be successful on the trading floor, MDI must be able to integrate with other applications such as Applixware. Functions and Advantages of the System While market data from the Reuters information service is available to any subscriber, competitive advantage in financial markets is achieved by analysis, value-added operations, and constant updating of the data. This value-added activity is where the combination of Applix Real Time Spreadsheets and the Reuters Triarch 2000 trading platform provides benefit. Real-time market data from Reuters' data distribution service are accessed from the Reuters platform via the Applix Real Time gateway, then displayed in Applix Spreadsheets. In the spreadsheet, the data is further analyzed an·a·lyze tr.v. an·a·lyzed, an·a·lyz·ing, an·a·lyz·es 1. To examine methodically by separating into parts and studying their interrelations. 2. Chemistry To make a chemical analysis of. 3. and consolidated on-line. The trader thus has access to all relevant information in this time-critical area. The open system architecture allows further use of the information, including customized graphical analysis and display, routing of the information to a third party, or integration in Applix Words for creation of documents. Deutsche Bank's deployment fully exploits 32-bit technology under UNIX UNIX Operating system for digital computers, developed by Ken Thompson of Bell Laboratories in 1969. It was initially designed for a single user (the name was a pun on the earlier operating system Multics). , underscoring the ability of open systems to adopt to needs as they develop. Applix, based in Westboro, MA, develops, markets and supports Applixware, an integrated family of software applications and tools for real-time decision support and groupware Software that supports multiple users working on related tasks in local and remote networks. Also called "collaborative software," groupware is an evolving concept that is more than just multiuser software which allows access to the same data. , and Target Enterprise. Real-time decision support provides the ability to access, analyze and communicate dynamically-changing (real-time) information. Mail-enabled applications and the Applix Extension Language Facility (ELF) allow customized environments that support the efforts of widely-dispersed groups, helping them manage complex tasks and situations. Such demanding environments as financial trading, manufacturing, telecommunications and military command and control depend on real-time data Real-time data denotes information that is delivered immediately after collection. There is no delay in the timeliness of the information provided. Some uses of this term confuse it with the term dynamic data. and its interpretation. Applixware provides data access applications that enable users to access information simultaneously from a variety of sources; programmable, network-enabled personal productivity applications to display, analyze, edit and distribute information throughout the enterprise; and a development tool that enables customers to create and customize applications. Target Enterprise automates the help desk and customer service needs of major enterprises. Reuters supplies the global business, financial, and media world with real time financial data and information, news, electronic trading  This article or section is in need of attention from an expert on the subject.Please help recruit one or [ improve this article] yourself. See the talk page for details. systems, access to numerical and text databases, graphics, photos, and newsmedia. For more information about Applixware products: (US) Applix, Inc., 1-800-8-APPLIX; email info@applix.com; http://www.applix.com, or (Germany) Applix GmbH, Boschetsrieder Stra_e 67, 81379 M|nchen, Tel.: 089/74 85 89-0, Fax: 089/ 74 85 89-20. For more information about Reuters products: Reuters AG, Messeturm, 60308 Frankfurt, Tel.: 069/75 65-0, Fax: 069/75 65-1555. -0- All trademarks, registered trademarks and service marks are property of their respective companies CONTACT: Dave Gayman or Margot Worbs Applix, Inc. Applix GmbH 508.870-0300 ext.341 089/74 85 89-26 dgayman@applix.com mworbs@applix.de http://www.applix.com |
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