What does 'event-driven programming' indicate in the context of Avaloq ICE?

Event-driven programming in the context of Avaloq Integrated Customization Environment (ICE) signifies a programming paradigm where the flow of the program is largely determined by events—such as user actions (clicks, key presses), sensor outputs, or messages from other programs or threads. This approach allows for dynamic and responsive applications, enabling them to act upon real-time conditions and inputs. In Avaloq ICE, events could relate to changes in data, user interactions, or system notifications, making it highly efficient for developing customized solutions that adapt to user needs and operational requirements.

This paradigm contrasts with linear programming, which follows a sequential flow of control, and does not adapt based on external inputs. Additionally, event-driven programming differs from creating static applications or techniques focused on database management, as it emphasizes dynamic interaction and responsiveness rather than pre-defined sequences or data storage manipulation. By embracing an event-driven approach, Avaloq ICE allows developers to create more flexible and interactive financial applications that can react to changes and user inputs effectively.