CME Globex on Google Cloud
- CME Group
As previously announced, listed derivatives on CME Globex will be migrating to a new, ultra low latency private Google Cloud region. This region will also support new co-location and connectivity options, including self-managed infrastructure in the co-location facility, similar to today; or Google Cloud's specialized infrastructure-as-a-service offering, both with equal network latency to the markets. Clients will have a choice of co-location offerings, enabling either the co-location you are familiar with today; new, highly specialized on demand cloud technology; or a combination thereof.
Build-out and migration will occur over the next several years. Clients should begin preparing now for this migration, including evaluating specific cloud strategies, internal skills, partner and vendor readiness, and cloud or vendor onboarding processes.
CME Group expects to provide clients with at least 18 months advance notice before any CME Group markets move to the new platform.
The private Google Cloud Chicago region will host Google Cloud's new, industry-first specialized platform designed to support global trading of CME Group's futures and options markets. CME Group clients will have access to cloud-based, ultra-low-latency networking and high-performance computing.
The new specialized platform will enable a number of benefits for CME Group clients, including expanded flexibility to engage with CME Group markets, strengthened operational efficiencies, and increased access to Google Cloud services, all of which will deepen the value proposition for market users around the globe. For example, CME Group clients will be enabled to rapidly experiment, test, and deploy new strategies without impacting their production trading environments.
Google Cloud and CME Group have developed a design that brings the exchange into the cloud while respecting existing market structure and industry investment. The next-generation private Google Cloud Chicago region and co-location facility merges the best of cloud operations and scalability with the determinism and low latency expected from financial institutions.
In addition, before the markets migration begins, new and existing clients will have the opportunity to access the on-premise listed derivative markets via the Google Cloud Network and Point of Presence (PoP) solutions. Through these offerings, clients will have access to:
Submit orders via the current, on-premise iLink Convenience Gateways (CGW)
Manage risk via the current, on-premise Drop Copy for CGW
Consume MDP 3.0 and streamlined MDP market data on Google Cloud Network Premium Tier over SDN multicast.
This CME Globex on Google Cloud migration only impacts listed derivatives markets.
EBS and BrokerTec are not affected by this migration.
Contents
- 1 Glossary
- 2 Revision History
- 3 Roadmap
- 4 Summary of Impacts
- 5 Environment Overview
- 6 Connectivity
- 7 CME Globex Applications
- 7.1 Deployment
- 7.1.1 Production Environment
- 7.1.2 Preview/DR Environment
- 7.2 Access
- 7.2.1 Access Solutions
- 7.2.1.1 Key Attributes
- 7.2.1.2 CME Group Applications Access
- 7.2.1 Access Solutions
- 7.1 Deployment
- 8 Markets Migration
- 9 Partner Exchange Impacts
- 10 Contact Information
Glossary
The following terms and resources are provided for your convenience.
Term | Description |
|---|---|
Private Google Cloud Chicago Region | The CME Globex production environment will be implemented on the private Google Cloud Chicago region, Google Cloud's new, industry-first specialized platform designed to support CME Group futures and options markets. More information on Google Cloud regions is available in the Google Cloud documentation. |
Private Zones within Google Cloud Dallas Region | The CME Globex Preview and DR environment will be implemented on the private zones within the Google Cloud Dallas region, Google Cloud's new, industry-first specialized platform designed to support CME Group's futures and options markets. More information on Google Cloud zones is available in the Google Cloud documentation. This platform will initially be available as a Preview environment, before the Production markets migrate. After all markets have migrated, this platform will become the Disaster Recovery environment. |
CME Globex Preview Environment | A production-like environment for testing CME Globex in the dedicated private zones of the Google Cloud Dallas region. This implementation will be used for the Disaster Recovery (DR) environment. |
Custom Hardware Co-location (CHC) | Client-managed co-location offering, contracted with and supported by CME Group. In this offering, clients bring their own hardware to the new co-location facility, located in the same data center as the private Google Cloud Chicago region, to access CME Globex markets in the production environments. This offering supports iLink MSGW, iLink CGW, all Drop Copy services, and MDP 3 market data, in addition to all shared services. Clients that elect to operate from only the CHC, and not leverage compute infrastructure from Google, will still need to establish a minimal virtual network implementation in Google Cloud. CHC is only available in the co-location facility for the CME Globex production environment. While CHC allows clients to operate in a traditional co-location operating model like the existing GLink offering in Aurora, it is a new physical co-location space. |
Ultra Low Latency Google Compute Engine (ULL GCE) Instances | A Google Cloud specialized compute family offering, available in the CME Globex primary and DR/preview environments. This compute capacity can be consumed by clients on-demand. Available in two Google Compute Engine options:
|
Google Cloud ULL Network | A dedicated ultra low latency network that will provide access to MDP 3 and streamlined MDP via hardware multicast, iLink Market Segment Gateways, and iLink Convenience Gateways. Available in the Private Google Cloud Chicago region for production and in the private zones of the Google Cloud Dallas region for Preview/DR. |
Google Cloud Network Premium Tier | Google Cloud Platform (GCP) global network infrastructure. Provides access to all MDP 3 multicast market data services via Multicast on Google Cloud (GC) Network, iLink Convenience Gateways, Drop Copy and CME Group shared services, in addition to access to Google Cloud services. |
Multicast on ULL Network | Hardware multicast solution for Market Data Platform (MDP) 3.0 and streamlined MDP. Only available over the Google Cloud Ultra Low Latency Network and all current CME Group connectivity offerings. |
Multicast on Google Cloud (GC) Network | New to CME Globex, this offering supports Software-Defined Network multicasting for MDP 3 and streamlined MDP. Multicast on GC Network Premium Tier is available in the private Google Cloud Chicago region, Google Cloud Dallas region, and other select regions based on client demand. |
CME Globex on-premise | The current, on-premise presence for CME Globex in the Aurora, IL data center. |
Revision History
Date | Description |
|---|---|
August 22, 2024 | Initial publication of this topic. |
Roadmap
Summary of Impacts
Throughout the migration, clients will experience different impacts depending on the type of connectivity and CME Globex applications used.
Each phase of the migration will also have client impacts. A preliminary list of known impacts is detailed below; this topic will be updated with additional information regularly.
Changes to the existing CME Globex API functionality and messaging will be avoided wherever possible. Any changes will be announced and detailed via this topic and the CME Globex Notices.
Environment Overview
Regions and Data Centers
Current State
Since the CME Group Google Cloud partnership began in November 2021, CME Group has been migrating less latency sensitive applications to existing Google Cloud regions, including Reference Data API and Reference Data Warehouse, CME STP, Risk Management services including Account Manager and RMI; and GUIs like FirmSoft. CME Group services on Google Cloud can be accessed over the internet or via CME Group connectivity solutions.
The CME Globex platform is hosted in an on-premise data center in Aurora, IL, with an out of region DR data center. CME Globex is accessible via the co-location offering GLink Aurora and over the CME Group global backbone.
During the CME Globex Migration
During the migration of the CME Globex listed derivatives markets,
A Preview environment will be made available in the dedicated private zones of the Google Cloud Dallas region for client testing before the production launch.
Production markets will migrate from the CME Group Aurora data center to the private Google Cloud Chicago region.
Clients are expected to be able to access migrated markets through their existing connectivity solution. Client can also access the new Custom Hardware Co-location (CHC), Ultra Low Latency Google Compute Engine (ULL GCE) Instances, and any other Google Cloud Regions or Network Points of Presence (PoPs).
* CHC is not offered for the Preview/DR environment. ULL GCE co-location services are available.
Migration Complete
After all CME Globex futures and options markets have been migrated, CME Globex will be wholly operating in the private Google Cloud Chicago region.
Testing Environments
Information on testing environments will be available soon.
Preview and Disaster Recovery Environment
The Preview and Disaster Recovery (DR) environment in the private zones of the Google Cloud Dallas region will be the same specialized platform as Production, with performance, determinism and reliability as top priorities.
Clients can access the Preview environment via:
Ultra Low Latency Google Compute Engine (ULL GCE) instances in the private zones of the Google Cloud Dallas region
Custom Hardware Co-location (CHC) and ULL GCE Instances in the private Google Cloud Chicago region via Google Cloud Network Premium Tier
Global GCE instances via the Google Cloud Network Premium Tier
Google Cloud network connectivity
Custom Hardware co-location (CHC) will not be available in the Google Cloud Dallas region.
After the Production migration, this environment will be used for DR purposes and will be accessible via CME Group global backbone offerings in addition to the access solutions listed above.
Before the production markets migration, the new Preview and DR environment will be available to clients for performance and functionality testing. CME Group strongly encourages all clients to establish access as soon as possible to prepare for the migration. Clients are also encouraged to evaluate their specific cloud strategies, internal cloud skills, partner and vendor readiness, and cloud/vendor onboarding requirements as soon as possible to prepare for the migration.
During the pre-production Preview phase, CME Group global backbone and GLink Aurora connections will not have access to the new private zones of the Google Cloud Dallas region. Clients who want to participate in the Preview environment phase will need to establish Google Cloud foundation and connectivity to participate in Preview testing.
The DR environment will be accessible via CME Group global backbone and GLink Aurora in addition to the access solutions listed above, and can be used for client testing and checkout activities when CME Globex is operating normally in the Production environment.
Production Environment
The new private Google Cloud Chicago region for CME Globex is designed to deliver client access to the listed derivatives markets with determinism, performance and reliability.
A dual zone configuration for controlled maintenance schedules will offer clients new deployment, testing, and validation optionality through the trading week while ensuring stability in the Production environment.
More information on the Production environment, dual zones, CME Group maintenance solutions, and client cloud operating models will be available soon.
Connectivity
Clients will have the option of using existing CME Group production connectivity offerings to CME Globex (e.g., CME Group Hubs, EConnect, etc) or using GCE instances and Google Cloud network connectivity options.
CME GLink Aurora is intended to provide access to CME Globex markets both on-premise and in the Google Cloud Chicago region throughout the migration.
CME Group is aligning the connectivity types and applications to better service existing and new client segments. Clients will have access to different services based on their connectivity type. Please see details under Access.
The CME Group Global Command Center (GCC) will continue to be the first point of contact for production questions for all connectivity types.
New Preview and DR Co-Location Options
The following co-location options will be offered in the private zones of the Google Cloud Dallas region.
Ultra Low Latency Google Compute Engine (ULL GCE) instances are designed for latency sensitive clients who prefer to use Google Cloud's fully managed and operated low-latency machines.
Bare Metal instances offer
Google Cloud Ultra Low Latency Network for low latency access to CME Globex for order routing and MDP 3
Google Cloud Network Premium Tier for access to CME Group shared services and Google Cloud services
Virtual Machine (VM) instances offer
Google Cloud Network Premium Tier with close physical proximity to CME Globex as well as access to CME Group shared services and Google Cloud services
Instance types available in various compute shapes, allowing clients to optimize their compute requirements to their specific application and business requirements.
Clients may use their Preview and DR co-location instance to access the Production environment via the Google Cloud Network Premium Tier.
New Production Co-Location Options
With the migration to the new private Google Cloud region, CME Group is introducing three new Production co-location solutions.
Custom Hardware co-location (CHC) is designed for our most latency sensitive clients who prefer to bring their own hardware to the cloud platform.
Ultra Low Latency Google Compute Engine (ULL GCE) instances are designed for latency sensitive clients who prefer to use Google Cloud's fully managed and operated low-latency machines.
Bare Metal instances offer
Google Cloud Ultra Low Latency Network for low latency access to CME Globex for order routing and MDP 3
Google Cloud Network Premium Tier for access to CME Group shared services and Google Cloud services
Virtual Machine (VM) instances offer
Google Cloud Network Premium Tier with close physical proximity to CME Globex as well as access to CME Group shared services and Google Cloud services
Instance types available in various compute shapes, allowing clients to optimize their compute requirements to their specific application and business requirements.
Clients may use their Production co-location instance to access the Preview and DR environment via the Google Cloud Network Premium Tier.
Co-Location in the Private Google Cloud Chicago Region
Custom Hardware Co-Location (CHC)
The new CME Custom Hardware Co-location (CHC) offering will maintain many of the current products and services in the existing CME co-location facility such as:
Clients contract with and are supported by CME Group, including 24/7/365 CME Remote Hands and CME Colo Support Portal.
Same large, 52RU cabinets and the ability to cage your environments.
All cross-connects to other clients, carriers, towers and campus connectivity are equidistant and operated by CME Group.
Telecommunications Carriers hosted by CME Group.
In addition, there are some enhancements to our client experience within the CHC, including:
New GLink with direct GCP network termination provided via the equidistant GLink Demarcation Cable.
Designed to support higher power density deployments with additional cooling options.
Clients can provide their own PDUs for their cabinets.
Power is delivered via an overhead busbar, maximizing under floor air flow.
Towers and Tower Equipment Rooms owned and operated by CME Group.
CME Globex Applications
Deployment
CME Globex applications will be deployed to the Google Cloud solution best suited to each services' business purpose and client needs.
The most latency sensitive applications will be deployed on the new ULL network in the Private Google Cloud Chicago region for Production, and in the private zones of the Google Cloud Dallas region for the Preview/DR environment.
Less latency sensitive applications link iLink CGW, Drop Copy, and market data recovery services will be deployed on the Google Cloud Network Premium Tier in the Private Google Cloud Chicago region for Production, and in the private zones of the Google Cloud Dallas region for the Preview/DR environment.
Shared services and other applications with the least latency sensitivity will continue to be hosted in the remote Google Cloud Regions.
Production Environment
Private Google Cloud Chicago Region | Global Google Cloud Regions | |
|---|---|---|
GC ULL Network | GC Network Premium Tier | GC Network Premium Tier |
Trading Engines iLink Market Segment Gateways (MSGW) iLink Convenient Gateways (CGWs) iLink OESGWs for MSGW MDP 3 and streamlined MDP via Hardware Multicast | iLink Convenient Gateways (CGWs) iLink OESGWs for CGW MDP 3 and streamlined MDP via Software Multicast Drop Copy TCP Market Data Recovery | Reference Data Services (RD API, RDW, etc) CME STP and CME STP FIX Risk Services (Account Manager, RMI, etc) GUIs (CME Direct, FirmSoft, etc) |
Preview/DR Environment
Private Zones of the Google Cloud Dallas Region | Global Google Cloud Regions | |
|---|---|---|
GC ULL Network | GC Network Premium Tier | GC Network Premium Tier |
Trading Engines iLink Market Segment Gateways (MSGW) iLink Convenient Gateways (CGWs) iLink OESGWs for MSGW MDP 3 and streamlined MDP via Hardware Multicast | iLink Convenient Gateways (CGWs) iLink OESGWs for CGW MDP 3 and streamlined MDP via Software Multicast Drop Copy TCP Market Data Recovery | Reference Data Services (RD API, RDW, etc) CME STP and CME STP FIX Risk Services (Account Manager, RMI, etc) GUIs (CME Direct, FirmSoft, etc) |
Access
CME Group is aligning the connectivity types and applications to better service existing and new client segments.
iLink Market Segment Gateways (MSGW) will be available over the Google Cloud ULL Network.
All hosting and connectivity types will have access to iLink CGW.
MDP 3 and streamlined MDP market data will be available over the CME Group global backbone, the Google Cloud ULL Network, and Google Cloud Network Premium Tier.
MDP 3 and streamlined MDP on the Google Cloud Network Premium Tier via SDN multicast
Shared services, including reference data, CME STP, and Drop Copy, will be available over the CME Group global backbone, GC Network Premium Tier, and internet (where applicable).
Clients can select the connectivity option(s) that best serve their needs. As each market moves into the private Google Cloud region, the connectivity access will shift as reflected below.
Access Solutions
All Production hosting and connectivity solutions support access to both the Production and DR environment.
For markets trading in the Private Google Cloud Chicago region:
Key Attributes
CME Group Applications Access
Markets Migration
The markets migration is expected to follow an 18-24 month timeline. Further details on the migration timing for specific market segments will be provided as soon as it is available.
Phase | Key Information |
|---|---|
Pre-migration Access on-premise CME Globex markets via the Google Cloud | Clients will be able to use Google Cloud Network and PoP solutions to access CME Globex production markets. Through Google Cloud Premium Tier Network connectivity, clients will be able to
|
1 CME Globex Preview environment launches on the private zones of the Google Cloud Dallas region | Clients can start testing CME Globex markets in a production-like environment, on the private zones of the Google Cloud Dallas region. Connectivity, performance, resiliency, and the new software (SDN) multicast market data will be supported. Access to the Preview environment will be available via
|
2 CHC and ULL GCE instances in the Production environment | Clients can start moving into the Custom Hardware Co-location (CHC) offering in the data center of the new private Google Cloud Chicago region, and other Production co-location instances, before any market migration. Clients co-located in the private Google Cloud Chicago region will have access to the existing on-premise CME Globex markets. The new Production environment co-location offerings include:
CME GLink Aurora and the existing CME Group production connectivity offerings are expected to provide access to CME Globex markets both on-premise and in the Google Cloud Chicago region throughout the migration. |
3 Market Migrations Begin | In this phase, CME Globex markets will migrate in waves to the private Google Cloud Chicago region. In each migration wave, a group of trading engines, Market Segment Gateways (MSGWs), Drop Copy for MSGWs and Market Data Gateways will move from the on-premise data center to the new private Google Cloud Chicago region. All production connectivity and co-location offerings are intended to have access to markets in both the existing data center and the private Google Cloud Chicago region. |
4 Market Migrations Complete | All CME Globex markets are live on the private Google Cloud Chicago region. New Convenience Gateways (CGW) and Drop Copy for CGW will launch in the private Google Cloud Chicago region and clients will be migrated off the existing CGW instances. |
Partner Exchange Impacts
Hosted Partner Exchange markets, including GME, Bursa Malaysia and MGEX, will be migrated to the Google Cloud solution alongside the CME Group DCMs.
Contact Information
Please contact Global Account Management (GAM) with any questions.
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