CME Launches Compute Futures with Silicon Data
The CME Group collaborates with Silicon Data to create a compute futures market. The new market will provide a financial instrument for trading computing power, supporting artificial intelligence. This development is part of the CME's efforts to expand into new markets, including 24/7 crypto futures.
The CME Group has announced a partnership with Silicon Data to introduce a compute futures market, allowing customers to trade computing power in a financial instrument. This new market aims to support the growing demand for computing power in the development of artificial intelligence.
The introduction of the new market is seen as a step toward digital settlement, a process that enables the automated transfer of assets between parties without the need for intermediaries.
This development comes on the heels of the CME's introduction of 24/7 crypto futures, which has the potential to transform the way Bitcoin is traded on Wall Street, as seen in its Bitcoin VIX product.
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