Record Volume for AMERIBOR® Cash Market and Futures Contracts

American Financial Exchange® Announces Record Volume Highlights for AMERIBOR® Benchmark Cash Market and Futures Contracts

CHICAGO – January 13, 2020 —The American Financial Exchange (AFX), electronic exchange for direct interbank lending and borrowing for American financial institutions, announced volume highlights and summary for 2019.

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Annual volume in 2019 in the AMERIBOR benchmark cash market reached $428.792 billion in transactions. This marks a 123 percent increase in volume from 2018 levels when $192.179 billion were transacted.

AMERIBOR futures volume, which were launched August 16, 2019, traded 8,591 contracts by the end of 2019 equal to approximately $75 billion in notional value.

Why is the cash market soaring?

In addition, the following trading records were set in 2019:

  • A daily record was set on September 19, when $3.035 billion traded across all AFX products.
  • A weekly record was set on September 16 – 20, when $13.017 billion traded across all AFX products.
  • December was a record month with $46.7 billion traded across all products.
  • In futures, October 21, 665 contracts were traded across both the three-month and seven-day futures contracts.

The AFX facilitates the determination of AMERIBOR, a transaction-based interest rate benchmark for banks and financial institutions via its electronic trading platform. Since the start of the AFX and the AMERIBOR benchmark, more than $745 billion in value has transacted in the cash market.

“We are pleased with the continued volume growth of the AMERIBOR cash market and futures complex. Banks and corporations can turn to the AMERIBOR Benchmark for price transparency and low volatility in rates,” said Dr. Richard L. Sandor, Chairman and CEO of AFX.”

Currently the AFX has 174 members across the U.S., which includes 136 banks and approximately 1000 correspondent banks. In addition, membership includes 38 non-banks, which is 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.

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About the Author

Jacob Wolinsky
Jacob Wolinsky is the founder of ValueWalk.com, a popular value investing and hedge fund focused investment website. Jacob worked as an equity analyst first at a micro-cap focused private equity firm, followed by a stint at a smid cap focused research shop. Jacob lives with his wife and four kids in Passaic NJ. - Email: jacob(at)valuewalk.com - Twitter username: JacobWolinsky - Full Disclosure: I do not purchase any equities anymore to avoid even the appearance of a conflict of interest and because at times I may receive grey areas of insider information. I have a few existing holdings from years ago, but I have sold off most of the equities and now only purchase mutual funds and some ETFs. I also own a few grams of Gold and Silver

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