Google and CME to Build New Facility to Move Trading Into Cloud
- Construction will start later this year in Aurora, Illinois
- Move is next step in firms’ 10-year alliance started in 2021
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Alphabet Inc.’s Google will work with CME Group Inc. to build a new cloud-computing network that will enable the exchange operator to shift its futures and options trading into the cloud.
The two firms will develop cloud and colocation facilities — space rented to clients for their own IT equipment — next to CME’s existing data center in Aurora, Illinois, executives said Wednesday. Construction will start later this year and the transition will happen in phases, they said.