ICE Acquires the American Financial Exchange (AFX)

Dear Members, Clients, and Partners of the American Financial Exchange (AFX), Since 2015, AFX has been proud to partner with America’s regional and local banks, helping you source liquidity and providing price transparency in the interbank loan market. Over the years, we have consistently delivered daily liquidity in an operationally efficient and easy-to-use platform. Your […]

AFX Completes Migration of Trading Platform Technology with Transaction Network Services (TNS)

CHICAGO, November 20, 2024 – The American Financial Exchange (AFX), a self-regulated exchange that provides banks and financial institutions a marketplace for overnight unsecured interbank lending and borrowing, announced today that it has partnered with Transaction Network Services (TNS), a global leader in providing mission-critical infrastructure for financial markets. As a result of this partnership, […]

American Financial Exchange Partners with EXIM Bank to Better Serve America’s Community Banking Sector

CHICAGO, October 22 – The American Financial Exchange (AFX), a self-regulated exchange that provides banks and financial institutions a marketplace for overnight unsecured interbank lending and borrowing, announced today that it has partnered with the Export-Import Bank (EXIM), the official export credit agency of the United States. Together, the two organizations will support the underserved […]

Podcast: The Need for a Credit-Sensitive Reference Rate

AFX CEO John Shay was recently featured on the “At the Forefront: Fintech Conversations” podcast, where he was joined by Marco Macchiavelli, Assistant Professor of Finance at University of Massachusetts, Amherst for a discussion on benchmark interest rates in the overnight lending market. In the episode, Shay and Macchiavelli unpack the value of credit-sensitive rates […]

New Whitepaper Emphasizes the Benefits of Credit-Sensitive Rates

CHICAGO – September 10, 2024 – The American Financial Exchange (AFX), a self-regulated exchange that provides banks and financial institutions a marketplace for overnight unsecured interbank lending and borrowing, announced today that it has published new research in coordination with the University of Massachusetts Amherst’s Marco Macchiavelli, Assistant Professor of Finance with the Isenberg School […]

Post-Libor Transition, There Remain Refinements to Be Made and Risks to Be Aware of

In a report last November, the Alternative Reference Rates Committee declared success as it closed the book on supplanting the Libor benchmark in the U.S. with the Secured Overnight Financing Rate (SOFR). But it did not say that all work is complete. ARRC’s website remained open though deactivated, as the committee said that its closing report highlighted “key […]