John Shay Shoulders AFX Role With Optimism and Purpose
AFX CEO John Shay recently spoke with John Lothian from John Lothian News (https://johnlothiannews.com/) in the following video interview: John Shay, the CEO of the American Financial Exchange, took on the role after 7RIDGE bought the exchange from AFX Founder and former CEO Dr. Richard Sandor and the other AFX investors. He was interviewed over […]
In the Wake of Libor, New AFX Leadership Turns Attention to Growth
The formal cessation of the Libor benchmark at the end of June was long anticipated by, among others, the American Financial Exchange (AFX), the platform on which funding transactions among its mostly regional-bank membership set the Ameribor rate. Ameribor is designed to be credit-sensitive like Libor while better reflecting banks’ funding costs than does the Secured Overnight […]
The Next Chapter: How AFX’s New Brand Reflects a New, Post-LIBOR Era for the Markets
Q3 has marked a new era in financial markets history. The London Interbank Offered Rate (LIBOR) has at last been sunset, creating a unique opportunity for banks and financial institutions in the overnight lending market to embrace alternative rates that meet their precise needs. While the markets are embarking on a new chapter, so too […]