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Chicago & Midwest  + Greater Chicagoland  + Industrial  |  June 28, 2024
Jasmine Kilman
By: Jasmine Kilman

Google, CME to Build Chicago-Area Facility to Move Trading Into Cloud

Chicago-based CME Group and Google Cloud have announced plans to build a new private Google Cloud region and a co-location facility in Aurora, Illinois.

The move expands on a partnership between the two companies launched in 2021. “This is a significant step forward in our partnership with Google Cloud that is revolutionizing our industry,” said CME Group Chairman and Chief Executive Officer Terry Duffy.

The private Google Cloud region will host Google Cloud’s new, industry-first specialized platform to support global trading of CME Group’s futures and options markets. Locating the platform in the new private Google Cloud region in the Chicago area will allow CME Group’s clients to utilize existing connectivity options and access points to other global markets.

Construction of the private Google Cloud region in Aurora is scheduled to begin this year. “Our latest milestone with CME Group builds on our shared goal to accelerate CME’s move to the cloud and innovate capital markets infrastructure worldwide,” said Thomas Kurian, CEO, Google Cloud.

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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