Services company EDS is to sell component software it has written for specific customers on the open market.
The company said that between 40 and 50 EDS written banking components will be sold online through Componentsource, an online software broker.
A component is a small program built to complete a specific task and operate easily with other components and applications. It can be re-used to perform the same function in a different application, thereby speeding up software development.
Keith Barrett, vice president of reusable objects and components for the Bank of America, said: "This will enable corporations to bypass the costly and time-consuming code building process."
Gary Barnett, analyst at researcher Ovum, said: "Selling components through online brokers will definitely expand. This deal is good for component based development as it increases the number of meaningful business components in the market."
More developments are likely in the near future. Bill Wilkinson, chief technical officer for EDS's financial services division, said: "There is the potential for a great deal more EDS components to be sold in the next few months."
Adrian Robinson, managing director of Componentsource, added: "Our aim is to make tens of thousands of components available."
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