Back in 1988 Dr. Werner Staringer founded FML (Financial Market Lab) at the Technical University Vienna. The FML was an academic research lab concerned with the application of advanced software technologies in financial markets. In close cooperation with banks, brokers and market data providers, a number of exciting applications were developed:
  • An electronic exchange running a virtual market in stocks, bonds, options, commodities, and foreign exchange
  • Real-time distribution of market data retrieved via satellite in a local network
  • Front-end applications for real-time analysis of derivatives and trading on the virtual exchange based on actual live market data from major exchanges around the world

Initially, the majority of the lab's machines were Macintosh computers. Starting in 1990 these were replaced by NeXT machines.

In 1993 the lab received wide public attention when a prototype of a financial risk management system it had implemented for Creditanstalt Vienna was awarded first prize for best object-oriented application of the year by OMG at ObjectWorld San Francisco. This provided the final impulse for the foundation of AAA+ Software in the fall of 1993.

Since then AAA+ Software has been very successful in:

  • Developing methodologies, tools, and techniques for better, faster, and cheaper implementation of mission critical applications
  • Testing its technology for rapid object-oriented application development in real-life projects, mostly in the areas of financial risk management and electronic trading for banks and brokers

In projects executed by AAA+, the technology employed has proven its superiority over conventional approaches time and time again. Now a large technology transfer project is in progress during which AAA+ demonstrates to Creditanstalt Investment Bank, the predominant investment bank in Central and Eastern Europe, and Investmentbank Austria (IBA) how they themselves could utilize AAA+ technology to complete their own internal development projects better, faster, and cheaper.

The fundamental concept behind the success of AAA+ is the belief in large scale reuse: rather than constantly reinventing the wheel and programming everything from scratch, AAA+ builds its solutions on the solid foundation of first-class standard software:

  • Cross-platform development tools and class libraries, initially developed by NeXT Computer (once called by Byte magazine "the most respected piece of software on the planet"), now at the core of Apples next-generation operating system Mac OS X Server.
  • JavaScript, powerful scripting solution developed by Netscape and now incorporated into Joy. See mozilla.org.
  • Mathematica of Wolfram Research as an integrated computational engine for advanced financial risk modeling.

Without this technological superiority, a company the size of AAA+ would not have been able to build this kind of success story. Go to our website at www.aaa-plus.com to see more information.

Here at AAA+ we really do believe in the future of Apple. For this reason AAA+ recently acquired Hard+Soft, once Austria's largest Apple Centre. It had slipped into financial difficulty due to declining hardware sales.

Which all goes to show that when you are using Joy for your successful projects, you know that many years' development have gone behind the technology you are using. Many more years have gone into the expertise of the individuals involved; so you can guarantee you are using a first-rate solution capable of, and demonstrated to, handle your real-life, hard, industry problems.