Landesbank Baden-Wurttemberg (LBBW), Germany's largest Landesbank offering a comprehensive spectrum of banking and financial services, announced today that it has integrated the new release of VistaSource's Applixware Solution to provide financial data modelling and analysis in Applixware's RealTime event-driven spreadsheet.
LBBW faced the challenge to improve its financial modelling capabilities and exploit the advantage of using real time market data from the new Reuters RMDS/TIB data feed. VistaSource's Applixware Solution addresses these needs and significantly enhances the bank's ability to react in real time to rapidly changing financial market conditions by integrating sophisticated spreadsheets with Reuters real time data in a Sun Solaris environment.
LBBW with its scalable architectures of Sun Solaris servers and Linux desktops, found in Applixware a unique set of development capabilities in conjunction with the real time data feeds needed to build mission critical trading applications.
In addition to components such as a Programmable Vector Graphic Tool, Word Processor and event-driven Spreadsheet, Applixware offers two powerful tools: Builder, an Object Oriented Rapid Application Development IDE and the Extended Language Facility (ELF), a programming language with a powerful debugger. These tools, used in conjunction with Applixware's real time integrated Spreadsheet and realtime engines, provide the only solution in the market place today specifically designed "from the ground up" for real time data retrieval, analysis and publication.
As John Baldwin, CEO of Vistasource, Inc. noted, "LBBW is aggressively improving its operational productivity. We have been able to help the bank execute on its strategic direction with our unique solution set based on our RealTime development environment."
Performance and dependability are critical in the banking industry and it is no different for LBBW, which has 180 concurrent users processing large volumes of data continuously during any given day. "LBBW has been very pleased with the ease of integration provided by the ELF and Builder applications allowing us to develop our own sophisticated modelling and trading applications that we believe provide us with a competitive advantage," stated Dr. Frank Hones, head of Financial Markets & Operations. "VistaSource's development tools and support have been both reliable and robust, characteristics that are very important to any IT organization."