Market-makers seek answers about CME’s cloud move
Silence on data centre changes fuels speculation over how new matching engine will handle orders
More than four years after CME announced plans to migrate its technology systems to Google Cloud, market-makers say they are still not getting the information they need to prepare for the move.
The biggest question for some is whether the new matching engine will process trades deterministically, in the order they were submitted.
“There’s a general concern around a lack of evidence that the cloud matching will ever be able to provide a deterministic platform,” says the head of one Chicago-based
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