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The two are developing the American Financial Exchange marketplace, targeting small- and mid-sized banks that need to lend and borrow short-term funds.
Environmental Financial Products, LLC (EFP) and CBOE Holdings, Inc. (CBOE) report their intention to launch the American Financial Exchange (AFX), an electronic marketplace for small and mid-sized banks looking to lend and borrow short-term funds. AFX will also feature weekly auctions of a new, transaction-based benchmark rate for U.S. interbank lending, to be called Ameribor....
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