Case Study: The American Financial Exchange (AFX) launches AMERIBOR and a transparent exchange platform with Connamara

AFX launches exchange in 9 months with Connamara

The American Financial Exchange (AFX) needed a technology partner to build a secure, production-ready exchange platform quickly and within budget. As a startup, they required a vendor with an agile and responsive process that could adapt as their customer needs evolved. They selected Connamara for its capital markets expertise and to leverage its customizable matching engine and exchange platform services to devise an actionable launch plan.

Connamara implemented the solution using a combination of custom-built components and proprietary software, employing agile methodologies to provide accurate release dates and transparency. The AFX Exchange Platform successfully launched within just nine months, facilitating the debut of the AMERIBOR benchmark. The exchange has since traded over $1 trillion, and AFX's significant growth led to its eventual acquisition by ICE.

The American Financial Exchange (afx)