Jun 28, 2024 | Posted by Abdul-Rahman Oladimeji
Google Cloud is providing a private cloud region for financial services company CME Group in Aurora, Illinois which will host a specialized platform to support global trading of CME's futures and options markets and will provide traders with access to a cloud-based low-latency network and high-performance computing.
"This is a significant step forward in our partnership with Google Cloud that is revolutionizing our industry,” said CME Group chairman and CEO Terry Duffy. “Located within close proximity to our current data center campus, and with disaster recovery facilities in Dallas, Texas, Google Cloud’s new specialized platform will extend the benefits we can provide to our clients through next-generation cloud technology, expanded access, and efficiencies, a broader range of customized connectivity options, and faster product development, with minimal disruption to their current operations.”
“Our latest milestone with CME Group builds on our shared goal to accelerate CME’s move to the cloud and innovate capital markets infrastructure worldwide,” said Thomas Kurian, CEO, Google Cloud. “Through our collaboration, we’re harnessing the best of cloud computing, data analytics, and AI, while respecting the existing custom hardware requirements of market participants to bring low latency, deterministic, and scalable trading environments to CME Group customers and the broader financial markets.”
