AFX CEO John Shay Advocates for Data-Driven Alternatives to SOFR in Financial Markets

John Shay, CEO of American Financial Exchange (AFX), emphasized the importance of data-driven insights in the financial markets during a recent interview with John Lothian News. Shay highlighted the value of AFX’s approach, stating, “The real value of this idea is the data, because the data can sit alongside SOFR (secured overnight financing rate), rather than taking what SOFR has said is this arbitrary credit spread for one, three, six and nine months.” He explained that AFX’s data empirically demonstrates actual credit spreads, providing a more accurate reflection of market conditions.

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