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CME Group (NASDAQ:), the US derivatives marketplace with a daily volume of 23 million contracts and $5 billion in revenue, is poised to amplify its presence in India. The company plans to hire an additional 100 employees by 2024, expanding its current workforce of 570 in the country.
The strategic expansion aims to reinforce data analytics functions, develop platform practices, and recruit for roles in cloud reliability engineering and product management. This move underlines the importance of India’s talent pool for CME Group.
Today’s announcement also highlighted the company’s ongoing efforts to enhance user experience and facilitate faster trades through ultra-low latency in the cloud. CME Group has been developing this technology via a decade-long partnership with Google (NASDAQ:) Cloud.
In addition, Generative AI and machine learning technologies are being utilized as part of the company’s technological advancements. These initiatives mark a significant inflection point for CME Group as it ventures further into real-time data and analytics.
Since entering the Indian market in 2015, CME Group has established multiple operations across the country. The planned expansion is not merely a support function but a strategic move that aligns with the company’s commitment to train and upskill its global talent base.
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