Waters Wrap: CME, Google and the pursuit of ultra-low-latency trading in the cloud
CME Group and Google have announced Aurora, Illinois, as the location for the exchange’s new co-location facility. Anthony explains why this is more than just the next phase of the two companies’ originally announced project.
In November 2021, news broke that Google had invested $1 billion into CME Group and the two companies signed a 10-year partnership agreement. At the time, we wrote that this was likely to be the first of many such pairings between major exchanges and the Big Tech cloud providers.
Sure enough, soon thereafter, Nasdaq announced a similar deal with Amazon Web Services, LSEG teamed up with Microsoft Azure, and, like CME, Deutsche Börse landed on Google. While not every major exchange has signed
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