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The American Financial Exchange (AFX), an electronic exchange for direct lending and borrowing for American banks and financial institutions, announced third quarter 2022 average daily volume (ADV) of $1.919 billion, setting its best quarterly result since 2020 in the early days of the pandemic. Third quarter 2022 ADV rose 64% percent from second quarter 2022 ADV levels. AFX also added twelve new members in the third quarter, indicating greater interest and participation in its lending platform and AMERIBOR®.
Currently the AFX has 243 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.
