CME Group and Silicon Data Partner to Launch First Compute Futures
Combining the respective expertise of these market leaders, the new futures contracts will allow traders, financial institutions, AI builders and cloud-service providers to manage volatility and price risk associated with the multi-trillion-dollar compute market.
The products will be based on Silicon Data's indices, the world's first daily GPU benchmarks for on-demand rental rates.
"As the backbone of the digital economy, compute is the new oil of the 21st century," said CME Group Chairman and Chief Executive Officer
"Compute markets today are still highly fragmented, with pricing that can vary dramatically across providers, regions and contract structures," said
"It has been clear to me for some time that compute will become the largest commodity in the world," said
About CME Group
As the world's leading derivatives marketplace, CME Group (www.cmegroup.com) enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data – empowering market participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest rates, equity indexes, foreign exchange, cryptocurrencies, energy, agricultural products and metals. The company offers futures and options on futures trading through the CME Globex platform, fixed income trading via BrokerTec and foreign exchange trading on the EBS platform. In addition, it operates one of the world's leading central counterparty clearing providers, CME Clearing.
CME Group, the Globe logo, CME, Chicago Mercantile Exchange, Globex, and E-mini are trademarks of Chicago Mercantile Exchange Inc. CBOT and Chicago Board of Trade are trademarks of Board of Trade of the
About DRW
DRW is a diversified trading firm with decades of experience bringing sophisticated technology and exceptional people together to operate in markets around the world. Headquartered in
About Silicon Data
Silicon Data is the market intelligence platform for AI compute, providing the pricing, benchmarking, and financial infrastructure that underpin the industry's most critical decisions. Through real-time pricing indices, performance benchmarks, forward curves, and comprehensive market data spanning GPUs, LLM tokens, and related infrastructure, Silicon Data equips operators, investors, and enterprises with the transparency and analytical rigor required to navigate the economics of AI systems.
CME-G
View original content:https://www.prnewswire.com/news-releases/cme-group-and-silicon-data-partner-to-launch-first-compute-futures-302769215.html
SOURCE CME Group
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