TechFlow, December 15 — According to Businesswire, Tradeweb Markets, an electronic trading platform operator supporting rates, credit, equities, and money markets, announced it has completed the industry's first fully electronic, on-chain brokered Certificate of Deposit (CD) auction, with the transaction executed between Gateway First Bank and InspereX. Data shows that as of October this year, the total amount of time deposits issued by brokers globally was approximately $566 billion, with an estimated outstanding balance of about $820 billion, indicating significant potential for the on-chain electronic brokered CD market.
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