Chase Goes Back To The Drawing Board Again: This Time Comes Up With 3 Separate Backbones

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Chase Manhattan Bank has again changed the technological underpinnings of its planned 400-position trading floor in New York City. The bank has rejected a fiber distributed data interface (FDDI)-based backbone in favor of two segregated Ethernet backbones and an analog video network--a decision that once and for all forsakes the bank's goal of distributing data, applications and video across its new floor on a single network.

The latest shift in architecture further sets back a project that has

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CME: CFTC OKs clearing move to Google Cloud

The CFTC has given the Chicago-based exchange approval to run its clearing and settlement infrastructure on the Google Cloud Platform, while the exchange and vendor have extended their partnership to last until at least 2037.

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