Stay updated with breaking news from Ken Vroman. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
<p><org idsrc="xmltag.org" value="CME">CME Group</org><span>, the world's leading derivatives marketplace, today announced changes to its management team structure to position the company for long-term success.</span></p>
As part of the agreement, Google also made a $1 billion equity investment in a new series of non-voting convertible preferred stock of CME Group.
The move is the latest among the exchange businesses that have started to expand into cloud-based software and data analytics.
CME Group and Google Cloud today announced a 10-year strategic partnership to accelerate CME Group's move to the cloud and transform how global derivatives markets operate with technology.