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Newsgroups: comp.sys.next.announce
From: Christine <palmieri@NorthStar.com>
Subject: PRESS RELEASE:  STREETwise Trader
Organization: Next Announcements
Approved: sanguish@digifix.com

News

FOR RELEASE MAY 25, 1993

Contact:		Christine Palmieri
			Sales Engineer
			NorthStar Technologies, Inc.
			15 Maiden Lane, Suite 803
			New York, N.Y.  10038
			(212) 267-4100 ext. 170
			(212) 267-4468  FAX
			info@northstar.com

NorthStar Technologies, Inc. announces the release of :

			$TREETwise Trader(TM):
			The Complete Deal and Trading System


NEW YORK, N.Y., May 25,  1993 -  NorthStar Technologies, Inc.
announced the release of $TREETwise Trader today.

$TREETwise Trader is a complete equity system for hedge funds.  It
offers comprehensive deal management, trade execution, and securities
position tracking.

$TREETwise Trader was designed by a trader for traders to meet their
specific deal and securities tracking needs.  Traders can save time
and phone calls by automatically faxing a variety of reports to
brokers.  Positions can be tracked by multiple users in real time.
Cross-checking with the reference databases makes trade entry
accurate and efficient.  A multitude of reports keeps traders updated
on deals, trades and positions. Reports can be automatically forwarded
to brokers and trades can be uploaded to a  clearing broker.

The deal management subsystem offers tracking and reporting on deals
from inception to execution of the initial public offering (IPO)
including pricing, price history, rating, underwriters, brokers,
securities information, broker phone activity and history.  Broker
indications and reports can be faxed automatically in bulk or
incrementally.  Buy-side trades can be executed directly from the
deal subsystem.

The trade capture and execution  subsystem provides trade capture
and reporting capabilities.  Among the wide array of reports available
are trade ledgers and blotters, profit and loss statements, and
broker indications.

Reference databases allow quick and easy access to supporting
information and reports for securities, trading accounts, brokers,
brokerage firms and holiday schedules.  Securities position tracking
displays positions, and profit and loss data for securities updated
in real time.  Multiple users can access this information.  The end
of day process conveniently automates daily closeout procedures
including trade settlement, printouts of daily reports, upload of
daily reports to a clearing broker, download to an accounting package
and daily backup.


About NorthStar:

NorthStar Technologies, Inc. specializes in object-oriented,
client-server technologies and in the rapid development of
mission-critical custom applications.  NorthStar has a diverse
clientele, with emphasis on financial institutions.  $TREETwise
Trader is one of several NorthStar products written for the NeXTSTEP
environment.  Watch for more financial applications and tools from
NorthStar.


$TREETwise Trader is a trademark of NorthStar Technologies, Inc.

These are the contents of the former NiCE NeXT User Group NeXTSTEP/OpenStep software archive, currently hosted by Marcel Waldvogel and Netfuture.ch.