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 | $ 275.06 |
| Change Today | $ 5.38 |
| % Change | 2.00 % |
| 52 Week High | $290.71 |
| 52 Week Low | $225.82 |
| Volume | 1,375,610 |
| Shares Issued | 359.60m |
| Market Cap | $98,912m |
| RiskGrade | 137 |
| Strong Buy | 3 |
| Buy | 3 |
| Neutral | 4 |
| Sell | 4 |
| Strong Sell | 0 |
| Total | 14 |

| Time | Volume / Share Price |
| 15:59 | 40 @ $275.07 |
| 15:59 | 40 @ $275.07 |
| 15:59 | 40 @ $275.07 |
| 15:59 | 40 @ $275.07 |
| 15:59 | 40 @ $275.07 |
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