Chase swaps unit, gets Infinity tool.

Chase Manhattan Bank will automate its derivatives trading activities with a system from Infinity Financial Technology Inc.

Chase's global derivatives operations division will use the system, called Montage, to handle the processing of exotic derivative instruments. It will run on Sun Sparcstations and will be installed in New York, London, Milan, Pads, Hong Kong, Tokyo, and Sydney, Australia. The first system deliveries are scheduled by the end of the year.

Infinity Financial Technology Inc. is based in Mountain View, Calif.

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