CME Group will become the first derivatives marketplace to offer real-time futures and options market data on Google Cloud Platform (GCP).
Through this agreement, CME Group customers will be able to access all real-time CME Group data currently available, including all CME Globex market data and third-party data sources, on the Google Cloud platform starting Nov. 17.
“Our clients around the world increasingly are looking for quality real-time data within the cloud,” Trey Berre, global head of data services at CME Group, said. “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.”
Chicago-based CME Group is one of the world’s leading derivatives trading platforms. It enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data.
“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,” Tais O’Dwyer, global director of financial services strategy and solutions, Google Cloud, said. “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.”