Magazine article American Banker

Lotus Software for Traders Will Run on Sun's Systems

Magazine article American Banker

Lotus Software for Traders Will Run on Sun's Systems

Article excerpt

Lotus Software for Traders Will Run on Sun's Systems

Lotus Development Corp. and Sun Microsystems Inc. announced this week a new version of the popular Lotus spreadsheet program that allows traders to automatically capture and analyze up-to-the-minute market data.

Chase Manhattan, several other commercial banks, and about 40 investment banks are said to be testing the software.

Lotus, based in Cambridge, Mass., dominates the market for personal computer-based financial spreadsheets with Lotus 1-2-3, and Sun Microsystems, Mountain View, Calif., leads in sales to the financial community of computer workstations running the Unix operating system.

The announcement could be a boon for banks that have come to rely on Lotus software running on personal computers, but that now require greater processing power and more sophisticated communications.

Available in July

The new product, which consists of several components, will be commercially available in early July, Lotus officials said.

The software allows foreign exchange and securities traders to feed digital market data directly into spreadsheets running on a single Sun workstation.

Bankers can identify trading opportunities and can view prices over a period of time. They can analyze risk using realtime information.

They can also retrieve "baskets" of foreign exchange or securities holdings from a data base and update the prices automatically.

The spreadsheet will indicate where prices on the updated version diverge from the original version. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.