Electronic trading platform operator Tradeweb completes first on-chain electronic brokered note auction
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Electronic trading platform operator Tradeweb completes first on-chain electronic brokered note auction
According to Businesswire, Tradeweb Markets, an electronic trading platform operator supporting rates, credit, equities, and money markets, announced the completion of the industry's first fully electronic, on-chain brokered Certificate of Deposit (CD) auction, 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 around $820 billion, indicating significant potential for the on-chain electronic brokered CD market.
Navigating Web3 tides with focused insightsTechFlow, 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.
