Exotechnic Teams With CodeMesh
Software firm is using CodeMesh's .NET/Java interoperability solution to meet the needs of European Union financial institutions.
by Lauren Y. Dresnick
July 18, 2007
Exotechnic Corp., a business software provider based in London, is using CodeMesh's solution to convert .NET code into Java. The effort is associated with Exotechnic's classification solution for the financial industry, which is designed to help financial firms comply with a new European Union (EU) directive.
The EU's mandate is called the "Markets in Financial Instruments Directive (MiFID)." It takes effect on Nov. 1, 2007 and has many European financial firms on edge. MiFID offers a set of rules by which European financial firms must recategorize their customers as part of an effort to create a single EU market for investment services.
In response, Exotechnic is providing its MiFID client-classification program. However, Exotechnic had a compatibility issue to overcome. Its software is .NET-based, whereas Java frameworks predominate in financial institutions. The company formed a partnership with CodeMesh and is using CodeMesh's JuggerNET product to generate ".NET bridge components," according to an announcement issued by CodeMesh.
"This partnership with Exotechnic demonstrates how people use our products -- because they're driven to it by outside forces, like these financial regulations," stated Alex Krapf, president and cofounder of CodeMesh, in the announcement.
CodeMesh, Inc. is a provider of integration solutions for C++, Java and .NET programming languages for the finance, military and OEM sectors.
About the Author
Lauren Dresnick is managing editor of FTPOnline, part of the 1105 Redmond Media Group.
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