American Financial Exchange® July 2022 Volume Surges, Reporting Highest Monthly Volume Since 2020 - Average Daily Volume Up 120% From July 2021 And 78% From First Half Of 2022 Reaching Pre-Pandemic Levels

The American Financial Exchange (AFX), an electronic exchange for direct lending and borrowing for American banks and financial institutions, announced July 2022 average daily volume (ADV) at $2.10 billion, nearing records set during the early days of the pandemic, when the April 2020 ADV reached $2.53 billion and the March 2020 ADV stood at $2.42 billion. Remarkably, July 2022 ADV rose 120 percent from July 2021 ADV levels. Total AFX volume in July 2022 was $41.92 billion.

“We are pleased that our volume continues to grow, but more importantly, that we are a source of liquidity during economic uncertainty,” said AFX Chairman and CEO, Dr. Richard L. Sandor.

Currently the AFX has 242 members across the U.S. including 197 banks (and more than 1,000 downstream correspondent banks). The AFX bank members represent over $5.3 trillion in bank assets (approximately 25% of total U.S. bank assets). There are also 45 non-banks comprised of insurance companies, broker-dealers, private equity firms, hedge funds, futures commission merchants, and asset managers. For more information about AFX or AMERIBOR, visit www.ameribor.net. 

For more information about AFX or AMERIBOR, visit www.ameribor.net.