BT and CME Group Expand Access to Trading and Market Data Services for BT Radianz Cloud Community

BT (News - Alert) and CME Group have entered into an agreement to enable the BT Radianz Cloud community to access CME Group's trading and market data services. The Radianz Cloud platform has also been extended into CME Group's data center in Aurora, IL as part of the arrangement.

The latest generation of BT Radianz managed hosting services may now be delivered thanks to the cloud extension in CME Group's data center. The partnership between the two companies expands their existing relationship, which enables Radianz Cloud community members to access CME Group market services through connectivity in Chicago.

That arrangement has been in place since 2006.

BT's Radianz managed services are designed to reduce complexity and costs while linking community members to clients and counterparts, banks and brokers, exchanges and industry infrastructures – and a variety of services and applications.

For those providing services to the financial community, the cloud platform enables the easy and secure distribution of services and applications from more than 400 service providers.

The new agreement makes it easier and more cost effective for BT Radianz community members to participate in and follow CME Group's derivatives markets. The BT Radianz community is one of the largest secure networked financial communities in the world.

The arrangement also enables members and customers of CME Group to gain secure and cost-effective managed access to the company's Market Data Platform, which offers data for its futures and options market. Access to third-party real-time data is also available for a variety of exchanges, including the Dubai Mercantile Exchange (DME), Standard & Poor's (S&P) Cash Indices, the Minneapolis Grain Exchange (MGEX), BM&F Bovespa (BM&F) and the Korea Exchange (KRX).

Additionally, BT Radianz services are now offering access to CME Group's Globex order entry platform, CME Direct in Europe. This provides access to CME Group's exchanges, including the Chicago Mercantile Exchange (CME), Chicago Board of Trade (CBOT), New York Mercantile Exchange (NYMEX), Commodity Exchange, Inc. (COMEX) and the Kansas City Board of Trade (KCBOT).

"The derivatives market and the foreign exchange market are truly global and investors increasingly want to access the major trading platforms wherever they are in the world," said Tom Regent, president of global banking and financial markets, BT Global Services (News - Alert). "The addition of these CME Group services to the BT Radianz Cloud is a major step for us and reinforces our commitment to supporting the many thousands of financial institutions that rely on BT services."