By Josh White
Date: Thursday 04 Nov 2021
LONDON (ShareCast) - (Sharecast News) - Alphabet's main division Google has put $1bn into futures exchange operator CME Group, and reached an agreement to move its systems onto cloud servers.
Reuters reported that the two firms struck a 10-year partnership deal, with the Chicago-based exchange company set to move its trading infrastructure onto the Google Cloud platform next year.
It said the $1bn investment came in the form of non-voting convertible preferred stock.
The deal comes as internet giants seek lucrative tie-ups with exchange operators, after the Singapore Exchange and London's Aquis Exchange went through a pilot with Amazon last year.
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Currency | US Dollars |
Share Price | $ 274.24 |
Change Today | $ -0.66 |
% Change | -0.24 % |
52 Week High | $290.71 |
52 Week Low | $193.43 |
Volume | 1,636,081 |
Shares Issued | 359.60m |
Market Cap | $98,617m |
RiskGrade | 137 |
Strong Buy | 4 |
Buy | 3 |
Neutral | 6 |
Sell | 4 |
Strong Sell | 0 |
Total | 17 |
Time | Volume / Share Price |
16:00 | 270,230 @ $274.24 |
15:59 | 100 @ $274.17 |
15:59 | 180 @ $274.17 |
15:59 | 141 @ $274.17 |
15:59 | 200 @ $274.18 |
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