High-frequency flap over CME’s Aurora data center
Exchange group’s migration to Google’s cloud could render HFT networks redundant
CME Group is considering closing its main data center in Aurora, Illinois as part of the cloud services deal it signed with Google in 2021, despite fierce opposition to the move among Chicago-based proprietary trading firms (PTFs).
Late last year, the exchange group privately asked some PTFs where it should locate its data center if it decided to leave Aurora, around 35 miles from downtown Chicago. The question did not go down well with local firms, which have spent small fortunes connecting to
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