Friday, 24 March, 2023

CME group to get $1B investment as Google agrees to cloud computing deal

<p>Chicago-based exchange operator CME Group will get a $1B investment from tech giant Google, with the company also agreeing on a deal to move CME&#39;s trading systems to the cloud. The deal marks a big win for Google&#39;s cloud business, with CME to move its systems to Google Cloud by next year, giving Google a foothold in the financial services sector. The $1B investment will be made by Google in the form of non-voting convertible preferred stock of CME.<br /> &nbsp;</p>