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ANZ takes FNX: Officials at Australia New Zealand Bank in Melbourne confirm that the bank has signed a global licensing deal for FNX's foreign exchange and interest rate derivatives trading and risk management system.

FNX officials confirm that the ANZ Bank contract is the largest ever for the four-year old Philadelphia-based vendor. Sources say the deal will eventually cover some 400 positions globally, at a seven-figure dollar cost to ANZ.

Morgan's Tempest: Morgan Stanley has signed up for a $2.5 million commodities system from Connecticut-based Triple Point Technologies. The system, dubbed Tempest, will be installed at Morgan's New York, London and Singapore oil and natural gas trading departments.

Tempest, which was released last year, runs on a hybrid Microsoft Windows NT and Unix platform. It covers full front-to-back office processing of all oil and gas-based instruments, from physicals to exotic derivatives, say Triple Point officials (Derivatives Engineering & Technology, July 22).

Cats drop: Palo Alto-based Cats Software's net income for the second quarter of this year decreased 84 per cent to $164,000, down from $920,000 for the same period in 1995.

Cats officials say this drop was primarily due to a one-off charge in connection with the vendor's acquisition of risk management software specialist LOR/Geske Bock earlier this year (RMO, February 12).

Sungard rise: Meanwhile, Sungard Data Systems, the parent company of Sungard Capital Markets, has reported an increase of 33 per cent in its second quarter net income. The vendor made $16.2 million in the six months ending on June 30, say Sungard officials.

Philips' Spectrum: Philips Electronics, the Netherlands-based electronics manufacturing company, is installing Financial Software Systems' Spectrum treasury trading and risk management system.

Philips initially installed Spectrum at its corporate treasury headquarters in Eindhoven, before rolling the system out to Singapore last month (DE&T, July 22).

Holiday hiatus: RMO will be taking its annual four-week summer break. Our next issue will hit your desks on August 19. Hasta la vista until then, dear readers.