On June 26, 2024, CME Group and Google Cloud announced plans to build a new private Google Cloud region and a co-location facility in Aurora, Illinois. This private Google Cloud region will host a specialized platform designed to support the global trading of CME Group’s futures and options markets, offering traders cloud-based, ultra-low-latency networking, and high-performance computing. The platform will provide clients with expanded flexibility, operational efficiencies, and increased access to cloud services and artificial intelligence capabilities. Construction of the private Google Cloud region in Aurora is scheduled to begin this year. Since their partnership announcement in 2021, CME Group and Google Cloud have been working on key initiatives, including enhancements to CME Group’s cloud-based data platform and the migration of critical clearing applications to the cloud.