Finance
CME Tests Google’s Blockchain Technology in 24-Hour Trading Move
CME is one of the first US exchanges to test blockchain technology, as firms and regulators discuss improving the market’s infrastructure to support overnight stock trading.
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CME Group Inc. is testing Google Cloud’s blockchain technology as it seeks to improve market infrastructure amid the global shift toward round-the-clock trading.
The Chicago-based exchange operator is piloting payment solutions and the tokenization of assets using distributed ledger from Google Cloud, according to a statement Tuesday. CME has completed the first phase of integration and testing of the Google technology, it said.