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Newsgroups: comp.sys.next.announce
From: rainer@fml.tuwien.ac.at (Rainer Staringer)
Subject: PRESS RELEASE: Financial Markets Lab Vienna Wins Computerworld Object Application Award
Organization: Next Announcements
Approved: sanguish@digifix.com

News:

For Immediate Release

Contact:

	Rainer Staringer
	Financial Markets Lab
	Technical University Vienna
	Treitlstrasse 3
	1040 Wien
	Austria, EUROPE
	+43(1) 58801-8137
	Email: rainer@fml.tuwien.ac.at


Financial Markets Lab Vienna Wins Computerworld Object Application Award


VIENNA, June 17, 1993 -- The Risk Management System, developed
by the Financial Markets Lab (FML) of the Technical University
Vienna, has won the grand prize in the top category of the
Object Management Group's "1993 Computerworld Object Application
Awards Contest."  


The contest, co-sponsored by Computerworld magazine and the
Object Management Group, is designed to salute organizations
and developers who have successfully implemented object
technology in their operations.

The five award categories ranged from "Best Object-Based
Application Developed Using Non-Object Oriented Tools" to the top
category, "Best Application Utilizing Reusable Components Leveraged
from or for Use in Other Projects", where the advantages of
object-oriented technology are used to the utmost.

The Risk Management System is a NEXTSTEP-based custom
application designed and developed by FML for Creditanstalt,
Austrias leading bank. Creditanstalt uses the application to
monitor and report the risk and performance of portfolios in
their securities trading division.

"The NEXTSTEP environment allowed us to develop a complex
custom application in minimal time through remarkably simple
integration with other applications and existing class
libraries. Very little extra code was necessary to harness the
powerful mathematical capabilities of Mathematica and the
advanced layout and report generating functions of Improv for
our application. A lot of the functionality in the finished
application did not require any programming at all. The risk
manager himself dragged user interface items from our custom
Interface Builder palette and specified the computations in
the form of Mathematica expressions in the corresponding
Inspector panels. The savings in development time and
unnecessary communication overhead between the domain
expert and the programmers were enormous." said Werner
Staringer, head of the Financial Markets Lab.

The winners were announced yesterday at a special ObjectWorld Expo
awards banquet at the Moscone Center in San Franscisco. Steve Jobs,
CEO and Chairman of NeXT Computer, was the master of ceremonies.  


The Financial Markets Lab, based at the Institute of Software
Technology of the Technical University Vienna, specializes
in financial software. It maintains strong links with the finance
industry and is funded primarily through external research
contracts.

Mathematica is a trademark of Wolfram Research. Improv is
a trademark of Lotus Development Corporation. NEXTSTEP
and InterfaceBuilder are trademarks of NeXT Computer Inc.

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