TECH - Google And CME Group Partner For Cloud-Based Futures Trading | Benzinga
Alphabet Inc’s. (NASDAQ:GOOGL) Google and financial services provider CME Group Inc. (NASDAQ:CME) are collaborating to innovate in the financial trading space by constructing a new cloud-computing network.
The project aims to transition the futures and options trading of CME into a more modern, cloud-based environment.
The partnership will focus on creating cloud and colocation facilities adjacent to CME’s existing data center in Aurora, Illinois.
These facilities are expected to enhance trading speeds and efficiency for market participants.
According to Bloomberg, construction is scheduled to commence later this year with phased transitions to the cloud infrastructure.
The venture is part of a ...