(Reuters) – The world’s largest derivatives exchange CME Group (NASDAQ:) eliminated about 100 positions, or 3% of its workforce, this week while reallocating some positions, a spokeswoman said on Friday.

“The company plans to reallocate most of those positions to new, cloud-focused technology roles,” the spokesperson said in an emailed statement, adding that the total headcount would remain the same.

The spokeswoman declined to comment on how many people would be reallocated or whether CME would hire additional people to maintain headcount.

The 125-year-old exchange and clearinghouse operator has joined major Wall Street banks in cutting workforce following the collapse of two regional US lenders in March, the industry’s biggest crisis since 2008.

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

The Chicago-based CME operator will announce second-quarter results on Wednesday.