Cryptocurrency Derivatives Series: CME To Offer Market Data on Google Cloud Platform (GCP)

CME group, which is the diverse derivatives marketplace, has been in the limelight to make buzzing announcements such as, bitcoin futures in 2017, very recently announced bitcoin options trading mechanism that is going to be launched in Q1 of 2020.

Now, made the latest announcement that they offer real-time futures and options market data on Google Cloud Platform (GCP), starting Nov. 17th, 2019. The group’s market data most likely to be accessible from anywhere across the globe, as long as there’s a network connectivity, with the derivatives marketplace announcing this Monday that it has partnered with the Google Cloud Platform.

Under the agreement, market participants will be able to access the data via the cloud from anywhere in the world – as long as they have an internet connection, through Google Cloud’s global network.

Trey Berre, the CME Group Global Head of Data Services said that "our clients around the world increasingly are looking for quality real-time data within the cloud, 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." 

While the Global Director of Financial Services Strategy and Solutions, Google Cloud, Tais O'Dwyer, said, "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, 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."