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.
Chicago-based futures and options exchange CME Group has been approved by the Commodity Futures Trading Commission (CFTC) to run its clearing infrastructure in the cloud, following the exchange’s joint announcement with Google in June, which revealed plans to build a new private cloud region and co-location facility in Aurora, Illinois.
Speaking on the group’s Q2 earnings call, Ken Vroman, CME Group’s chief transformation officer, said the exchange expects to be running clearing cycles in the
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