Iris Financial unwraps first J2EE components

Iris Financial unwraps first J2EE components

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.

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