The American Financial Exchange (AFX), a centralized, electronic, self- regulated exchange for direct interbank lending and borrowing for American financial institutions, announced a record volume milestone, reaching $762 billion transacted since its inception in 2015.

AFX volume has nearly tripled from levels reached at the end of 2018 when $275 billion were traded since opening on December 11, 2015, in addition the velocity of volume has accelerated in the past six trading months alone, where $260 billion in value has change hands.

Currently the AFX has 178 members across the U.S. that includes 137 banks, approximately 1173 correspondent banks and 41 non-banks, comprised of broker-dealers, private equity firms, business development corporations, hedge funds, futures commission merchants, insurance companies, asset managers and finance companies.

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