Component-based trading technology outfit Iris Financial Systems has taken the wraps off its new J2EE-based architecture after three organisations successfully completed beta testing.
The New York-based firm is formally launching its Component Service Architecture (CSA) at the Dealing With Technology show in London today. It represents a series of technical, business and application components written in Java for the Java 2 Enterprise Edition (J2EE) development platform and marks the company's first move away from its original C++ development environment.
Kevin Galliers vice president of sales at Iris Financial Systems, comments: "We made the decision eighteen months ago to re-develop our business components and core technology for J2EE because our customers and the industry as a whole have identified J2EE as a strategic development platform. The CSA is specifically designed for trading organizations that want extensible technology, real-time management information and reporting capabilities and highly-tailored trading functionality."
He says the CSA provides banks with an opportunity to establish a common infrastructure to replace their current silo systems and reduce the level and cost of system support.
The new components will be on show in New York City on Tuesday 7 May and shortly thereafter in Tokyo.