Orc to Finish OMX's Front-Office App

EXCHANGE TECHNOLOGIES

LONDON—Orc Software is taking over OMX Technology's development of a new front-office product for cross-asset trading in equity and derivative instruments via multiple electronic exchanges and related markets, officials tell DWT.

The 12 employees who had been working on the front-office product at OMX Technology are slated to join Stockholm-based Orc Software as of Oct. 1, officials say. Orc will be fully responsible for the development of the product, but OMX Technology will be responsible for

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