AFX Marketplace Announces Extended Trading Hours
We are pleased to announce that as of September 11, 2023, the AFX Marketplace will extend its trading hours to run from 6 am CT to 5 pm CT. The additional hour is intended to better serve Marketplace participants from coast to coast by enhancing liquidity and providing more opportunity within the market. Since our founding, […]
AFX IOSCO Holding Statement
On July 3, 2023, the Madrid, Spain based Board of the International Organization of Securities Commissions (IOSCO) announced the results of its Review of Alternatives to USD LIBOR. In its review of two credit-sensitive rates (CSRs) —one of which was AMERIBOR—and two Term SOFR rates, IOSCO determined (based on administrator’s self-assessments) that all four rates […]
American Financial Exchange Appoints Veteran Financial Services Executive John Shay as CEO
American Financial Exchange Appoints Veteran Financial Services Executive John Shay as CEO Chicago – May 2, 2023 – The American Financial Exchange (AFX), an electronic exchange for direct lending and borrowing for American banks and financial institutions, today announced that the exchange has appointed veteran financial services executive John Shay as CEO, effective immediately. AFX […]
American Financial Exchange Acquired by 7RIDGE
Transaction builds on AFX structure to expand and enhance AMERIBOR® adoption Chicago – April 18, 2023 – The American Financial Exchange (AFX), an electronic exchange for direct lending and borrowing for American banks and financial institutions, today announced that 100% of the company was acquired by 7RIDGE, a specialized growth equity firm invested in transformative […]
American Financial Exchange’s Statement on Silicon Valley Bank and Signature Bank – Despite Market Turbulence, Exchange Performed Flawlessly
American Financial Exchange’s Statement on Silicon Valley Bank and Signature Bank – Despite Market Turbulence, Exchange Performed Flawlessly March 14, 2023 —The American Financial Exchange (AFX), an electronic exchange for direct lending and borrowing for American banks and financial institutions, extends its sympathy to the employees, customers and stockholders of Silicon Valley Bank (SVB) and […]