CME Group Expanding to Take Advantage of Google Cloud Services

The Chicago Mercantile Exchange (CME) is moving to the Google Cloud to be accessible via anywhere at any time, reports Finance Magnates.

Their announcement was made this Monday, with the company claiming it has a partnership with Google Cloud.

As you may know, the CME Group provides market information regarding futures and options, and has recently even tried moving into the Bitcoin futures space. Now, on 17th November, this information will be on Google’s Cloud.

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On top of this, the platform’s information will be offered in real time, bringing out the CME Globex data and data it brings in from third parties. Trey Berre, the Global Head of Data Services over at CME, commented on the partnership:

“Our clients around the world increasingly are looking for quality real-time data within the cloud. This innovative collaboration with Google Cloud will not only make it easier for our clients to access the data they need from anywhere with an internet connection, but will also make it easier than ever to integrate our market data into new cloud-based technologies.”

Thanks to this new, easily accessible method, CME Group will be able to reach new clients due to simplification for both the company and their clients as well.

Also speaking on the partnership was one Tais O’Dwyer, the Global Director of Financial Services Strategy and Solutions at Google Cloud. There, she said:

“This initiative with CME Group is the latest example of how Google Cloud is committed to working with the financial sector to offer creative, new ways to leverage real-time market data.

“Pulling from our expertise in data management and our global network, we will continue to engage with key financial services companies like exchanges to help them transform business and meet their customers’ needs.”