Google is partnering with CME Group to build a new facility in Aurora, Illinois, aimed at shifting CME's futures and options trading into the cloud. This collaboration expands on a partnership launched in 2021 and includes the creation of a new private Google Cloud region and co-location facility to support global trading. The move is part of the industry's broader shift from in-person, open-outcry trading pits to cloud-computing networks.
.@Google and CME Group plan to team up to build a cloud-computing network in the #Chicago area to move options and futures trading into the cloud in the latest part of the industry shift from in-person, open-outcry trading pits. https://t.co/Iv4ou6UPBB
Google, CME Group Will Build Illinois Facility To Support Trading On Google Cloud https://t.co/9eVG6pObHd
Expanding on a partnership launched in 2021, CME Group and Google will build a center in Aurora for financial trading systems, the companies said Wednesday. https://t.co/rB3xlHOSSi
Our latest milestone with @CMEGroup builds on our shared goal to innovate capital markets infrastructure. Today, we’re announcing a new private Google Cloud region and co-location facility to support global trading of CME Group’s futures & options markets. https://t.co/0HxrR5RYXb
$CME (+0.0% pre) $GOOGL Google and CME to Build New Facility to Move Trading Into Cloud - BBG https://t.co/RN5x9XxROH
Google will work with CME Group to enable the exchange operator to shift its futures and options trading into the cloud https://t.co/pKwFSmjoHe