Infotech Lead America: BT has extended BT Radianz Cloud platform into CME Group’s data center in Aurora, Illinois.
The deployment enables BT to deliver CME’s market data transactional services to members on the Radianz cloud.
According to the agreement between BT and the CME Group, the world’s largest secure networked financial community will now be able to participate in and follow CME Group’s derivatives markets through the easy and cost effective channel.
The CME Group’s Market Data Platform (MDP) provides data for its futures and options market, as well as third-party real-time data from Dubai Mercantile Exchange (DME), Standard & Poor’s (S&P) Cash Indices, Minneapolis Grain Exchange (MGEX), BM&F Bovespa (BM&F) and Korea Exchange (KRX).
BT Radianz services will enables members to access CME Group’s Globex order entry platform, CME Direct in Europe, and CME Group’s exchanges which include Chicago Mercantile Exchange (CME), Chicago Board of Trade (CBOT), New York Mercantile Exchange (NYMEX), Commodity Exchange Inc. (COMEX) and Kansas City Board of Trade (KCBOT).
The CME Group has the most diverse derivatives marketplace. In February 2013 volume averaged 13.7 million contracts per day, up 7 percent from February 2012, and up 20 percent from January 2013. Total volume for February 2013 was more than 259 million contracts, of which 88 percent was traded electronically.
The BT Radianz Cloud provides access to over 400 service providers that cover almost every aspect of wholesale financial services. The range of BT Radianz Services include network-centric services for the financial community, including ultra-low latency connectivity services and managed hosting services, managed encryption services and secure messaging services for non-repudiable and tamper-proof message exchange.