CME Group Signs 10-Year Partnership with Google Cloud to Transform Global Derivatives Markets

CME Group, the world's leading and most diverse derivatives marketplace announced recently a 10-year strategic partnership with Google Cloud, in order to boost its move to the cloud and transform global derivatives markets through technology.

The collaboration will enable CME Group to bring new products and services to market faster – all in a flexible and scalable environment that will create a wide range of opportunities for the marketplace, according to Terry Duffy, Chairman and Chief Executive Officer, CME Group.

Under the agreement, CME Group will migrate its technology infrastructure to Google Cloud beginning next year with data and clearing services, and eventually moving all of its markets to the cloud.

The partnership will focus on delivering significant benefits to all market participants by expanding access, creating real-time data and analytics capabilities, introducing new products and services, increasing efficiencies, and driving resiliency in the financial markets ecosystem.

Earlier this month, Fazzaco reported that CME Group has posted its monthly trading metrics for October 2021​, showing a significant jump in the overall average daily volume (ADV) on a yearly basis.