American Financial Exchange, LLC

The American Financial Exchange is an electronic marketplace where U.S. banks can lend and borrow short-term funds. It is designed to bring standardization and transparency to interbank lending while reducing transaction costs through an electronic market. It allows banks to trade directly with each other in a forum that discloses bid and ask prices but allows users to remain anonymous. Currently, the AFX has 163 members across the U.S., with a presence in 50 states and Puerto Rico, representing financial institutions with under $150 billion in assets.