6fusion, CME Group Sign LOI to Explore Development of IaaS Exchange

6fusion has signed a non-binding Letter of Intent (LOI) with CME Group to explore the development of an Infrastructure-as-a-Service (IaaS) Exchange. Under the terms of the LOI, 6fusion and CME Group will work together to explore the development of an open marketplace for trading financial contracts based on 6fusion's Workload Allocation Cube (WAC). In establishing this marketplace, 6fusion will utilize an electronic trading platform provided by CME Group, and 6fusion's Marketplace platform will track fulfillment of physically delivered contracts traded on the platform.