CME Group has announced it will become the first derivatives marketplace to offer real-time futures and options market data on Google Cloud Platform (GCP), starting on November 17th, 2019. The collaboration will allow market participants to access CME Group's market data through the cloud from anywhere in the world with an internet connection through Google Cloud's global network.
"Our clients around the world increasingly are looking for quality real-time data within the cloud," said Trey Berre, global head of Data Services at CME Group. "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."
"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," commented Tais O'Dwyer, global director of Financial Services Strategy and Solutions, Google Cloud. "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."
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. CME Group's data platform on GCP leverages the Google Cloud Pub/Sub Service, a fully-managed, real-time messaging service.
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