Home Economics AFX announces one-day volume record in AMERIBOR futures

AFX announces one-day volume record in AMERIBOR futures

When you purchase through our sponsored links, we may earn a commission. By using this website you agree to our T&Cs.

American Financial Exchange® Announces One-Day Volume Record in AMERIBOR Futures

CHICAGO – October 2, 2019 —The American Financial Exchange (AFX), electronic exchange for direct interbank lending and borrowing for American financial institutions, announced a record volume trading day on Monday, September 30 in the AMERIBOR futures complex. A record 585 contracts were traded across both the three-month and 7-day futures contracts, which is equal to $5.77 billion in notional value. This surpasses the record set on Thursday, September 12 when 325 contracts traded. AMERIBOR futures were launched on August 16, 2019.

Get The Full Series in PDF

Get the entire 10-part series on Charlie Munger in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues.

Q2 hedge fund letters, conference, scoops etc

The AFX facilitates the determination of AMERIBOR, a transaction-based interest rate benchmark for banks via its electronic trading platform. Since the start of the AFX and the AMERIBOR benchmark, more than $600 billion in value has been transacted in the cash market.

“We are pleased with the continued volume growth of the AMERIBOR futures complex,” said Dr. Richard L. Sandor, Chairman and CEO of AFX. “Hedgers and speculators understand that by using AMERIBOR futures they can better manage uncertainty in turbulent overnight markets.”

Currently the AFX has 163 members across the U.S., which includes 133 banks and approximately 1000 correspondent banks. In addition, membership includes 30 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.

Contact: Laura LaBarbera, AFX (312) 554-4904 or [email protected]

The American Financial Exchange (AFX) is self-regulated exchange founded in 2015. With more than 150 members across the 50 U.S. states

Our Editorial Standards

At ValueWalk, we’re committed to providing accurate, research-backed information. Our editors go above and beyond to ensure our content is trustworthy and transparent.

Jacob Wolinsky

Want Financial Guidance Sent Straight to You?

  • Pop your email in the box, and you'll receive bi-weekly emails from ValueWalk.
  • We never send spam — only the latest financial news and guides to help you take charge of your financial future.