The largest derivatives exchange in the world, CME Group, has announced that this week it has eliminated roughly 100 positions, equal to about 3% of the company’s workforce as it has reallocated some other positions, according to a spokesperson Friday.

In an emailed statement, the spokesperson said, “The company plans to reallocate the majority of those positions to new, cloud-focused technology roles,” adding the overall headcount will remain unchanged.

The spokesperson would not specify how many employees would be reallocated, or if the company would be hiring new people to maintain the headcount the same size as before the shakeup.

Coming on the heels of two midsized regional lenders which collapsed in March, which touched off the worst crisis seen in the financial industry since 2008, the announcement by the 125-year-old clearinghouse and exchange will stoke more fears regarding the strength and stability of the structures behind the various aspects of the financial system.

Following positive quarterly results in April, Chief Executive Officer Terry Duffy pointed to, “shifting perceptions about the Fed’s near-term rate path as well as significant banking concerns in March.”

On Wednesday, the Chicago–based CME will announce its second quarter results.

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