American Financial Exchange® Volume Levels Surge Above Pre-Pandemic Levels

The American Financial Exchange (AFX), an electronic exchange for direct lending and borrowing for American banks and financial institutions, announced a significant increase in daily volume levels, reporting an average of over $2.2 billion transacted for five consecutive days in July.

Additionally, the AFX AMERIBOR Benchmark reached 3.113 billion on July 19, marking one of the benchmark’s top three best trading days since inception.

“AFX has been a reliable source of liquidity, providing efficient and transparent access to funds for an institution like Western Alliance. Record volumes on the platform reflect the changing dynamics of the interbank market and the economy at large,” said John Radwanski, Treasurer – Western Alliance Bancorporation.

Currently the AFX has 231 members across the U.S. including 186 banks (and over 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.