LONDON - National Westminster Bank PLC said it had bought Burns Fry Futures Inc., Chicago.
The futures and options broker, bought from the Canadian investment concern Burns Fry Ltd., has been renamed NatWest Futures Inc. It is is being operated as a division of NatWest Markets, the corporate and investment banking arm of National Westminster Bank.
NatWest Futures will have clearing membership on both the Chicago Board of Trade and the Chicago Mercantile Exchange.
NatWest is represented in futures exchanges in Britain, the United States, Australia, France, Germany, Ireland, Japan, the Netherlands, and Spain.