Chemical Bank Buys Applix Real Time Spreadsheet, Nixing Incumbent Lotus And Leading Market's Expo
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Chemical Bank has chosen Applix Inc.'s Applix Real Time spreadsheet for rollout to 200 traders throughout its New York-based trading room. In so doing, Chemical rejected its incumbent real-time spreadsheet, Lotus Development Corp.'s Lotus 1-2-3, as well as Leading Market Technologies Inc.'s Expo, a product the bank also evaluated. Chemical plans eventually to deploy Applix's Real Time to its full complement of 425 traders.
Chemical's decision to deploy Applix is a blow to Market Arts Software Inc
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