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CME Group and Silicon Data Forge New Compute Futures Market
The contracts will use Silicon Data’s daily GPU benchmarks to help traders and institutions hedge price swings in the growing compute market.
- On Tuesday, CME Group and Silicon Data announced plans to launch a first-in-class compute futures market later this year, pending regulatory review, to address transparency and risk management needs.
- CME Group Chairman and Chief Executive Officer Terry Duffy described compute as the 'new oil of the 21st century,' noting investors require a trusted futures market to manage risk as data processing accelerates.
- Silicon Data Chief Executive Officer Carmen Li stated their benchmarks bring consistency to fragmented GPU markets, while DRW Founder and CEO Don Wilson called the futures market essential for managing price volatility.
- The new futures contracts will enable traders, financial institutions, AI builders, and cloud-service providers to manage volatility and price risk within the multi-trillion-dollar compute sector.
- Silicon Data's indices—the world's first daily GPU benchmarks for on-demand rental rates—will underpin the products, establishing a foundation for the emerging compute commodity market as demand accelerates.
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16 Articles
16 Articles
CME Group and Silicon Data Forge New Compute Futures Market
CME Group partners with Silicon Data to launch a pioneering compute futures market, pending regulatory review. The initiative aims to provide a standardized marketplace for compute assets, a driving force of the digital economy, offering traders transparency and risk management tools to address a burgeoning market for processing power.
·India
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CME Group, Silicon Data partner to launch first-in-class compute futures market later this year
CME Group and Silicon Data announced a partnership to launch the first-in-class compute futures market later this year, pending regulatory review. The initiative is aimed at establishing a standardized marketplace for an asset class that powers the modern digital economy.
·India
Read Full Article
Coverage Details
Total News Sources16
Leaning Left1Leaning Right3Center3Last UpdatedBias Distribution43% Center, 43% Right
Bias Distribution
- 43% of the sources are Center, 43% of the sources lean Right
43% Right
14%
C 43%
R 43%
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