Environmental Financial Products LLC (EFP) and CBOE Holdings Inc. (CBOE) announced plans to launch the American Financial Exchange (AFX), an electronic marketplace for small and mid-sized banks to lend and borrow short-term funds. AFX was designed to bring the benefits of exchange trading, including standardization, transparency and a rules-based process, to interbank lending. EFP is a prominent, successful exchange incubator headed by Dr. Richard Sandor, designer of the first interest rate futures and founder of the Climate Exchange PLC (CLE) family of companies.
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