Natwest PLC, USA In NYC Mull Bids In Separate RFPS

MANAGEMENT & STRATEGY

The New York operations of National Westminster Bank PLC and the U.K.-based parent company's U.S. subsidiary, National Westminster Bank USA, are separately considering responses to RFPs for new trading rooms in New York. An estimated 200 positions are at stake in the two installations.

For NatWest USA, the selection process precedes a relocation scheduled for the fall of this year; sources say the firm expects to reach a decision on its vendors within the next few weeks. The system would be

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CME: CFTC OKs clearing move to Google Cloud

The CFTC has given the Chicago-based exchange approval to run its clearing and settlement infrastructure on the Google Cloud Platform, while the exchange and vendor have extended their partnership to last until at least 2037.

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