OM Lays Off 360 Staff in Reorg

Vendor Update

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STOCKHOLM—Swedish exchange technology provider OM will eliminate 360 jobs, or nearly one-quarter of its staff, as part of a reorganization of offerings and personnel, designed to cut costs and deliver more dependable—if lower—revenues in the run-up to its merger with the HEX Helsinki Exchange, announced in May (TTW, May 26). At the same time, EDX London, a joint venture with the London Stock Exchange, began live trading in its new guise last week.

To streamline its books, OM will eliminate its

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