Investing
Google to invest $1 billion in CME Group, agrees cloud computing deal
Published by maria gbaf
Posted on November 5, 2021
2 min readLast updated: January 28, 2026
Global Banking & Finance Review®
Company
Published by maria gbaf
Posted on November 5, 2021
2 min readLast updated: January 28, 2026
Google invests $1 billion in CME Group, moving its trading systems to Google Cloud in a 10-year partnership, marking a significant win for Google's cloud business.
(Reuters) – Alphabet Inc’s Google has invested $1 billion in CME Group and has struck a separate deal to move the futures exchange operator’s trading systems to the cloud, the companies said on Thursday.
Under the terms of the 10-year partnership between Google and CME, the Chicago-based exchange operator will begin moving its technology infrastructure to Google Cloud next year.
The deal with CME marks a big win for Google’s cloud business, which competes against Amazon.com Inc and Microsoft Corp for large, lucrative contracts from blue-chip Fortune 500 companies.
The deal also gives Google a foothold in the financial services sector, which is starting to invest big money on cloud computing services.
Google’s $1 billion equity investment was in the form of non-voting convertible preferred stock of CME, the companies added.
The partnership with Google would help CME provide easy access for more market participants, optimize costs and streamline IT infrastructure and other operations, the companies said.
Last year, Amazon and two stock exchanges – Singapore Exchange SGX and London-based Aquis Exchange – undertook a pilot program which they said showed moving share trading to cloud computing from costly physical servers could save money and reduce the potential for outages.
(Reporting by Manya Saini in Bengaluru, additional reporting by Niket Nishant; Editing by Krishna Chandra Eluri)
The main topic is Google's $1 billion investment in CME Group and the cloud computing deal between the two companies.
How does this deal benefit Google? It strengthens Google's position in the financial services sector and enhances its cloud business.
What is the duration of the partnership? The partnership between Google and CME is set for 10 years.
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