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Sun targets financial applications

Sun Microsystems unveils a Java-based framework for building and deploying Web-based financial services.

    Sun Microsystems (SUNW) today announced a Java-based framework for building and deploying Web-based financial services.

    Sun Connect can run on any hardware platform, and will support multiple specifications, including Open Financial Exchange (OFX), IBM's Integrion, and other messaging specifications.

    The Sun Connect development environment will include the tools, services, and resources needed to develop banking, brokerage, and other Web applications.

    The first financial application built with Sun Connect will be unveiled tomorrow at a securities industry conference. Discover Brokerage Direct is in beta testing with an online trading application called Discover Brokerage Direct Online. It uses an OFX server from Innovision, and complies with the emerging standard for Internet financial applications pushed by Intuit, Microsoft, and CheckFree.

    Sun's partners in Sun Connect include BEA Systems, MECA Software, Netscape, New Era of Networks (NEON), Oracle, and Tibco.

    The Sun Connect development framework is based on Java APIs and JavaBeans, and includes tools such as Java WorkShop and Java Studio.

    Pricing and availability were not announced.