BGC Group and other major commodity brokers are preparing to offer derivatives tied to the cost of computing power used for artificial intelligence. The move responds to growing demand for tools to hedge volatile computing costs and trade price differences across electricity, data centers and computing power.
In June, BGC established a dedicated division to facilitate secondary trading in compute and memory capacity. The firm is preparing for potential U.S. Commodity Futures Trading Commission (CFTC) approval of compute futures, which could attract hedge funds and other institutional traders.