The Western and Southern Life Insurance Company (Western & Southern Life) joined the American Financial Exchange (AFX), becoming the first insurance company to join and trade on the Exchange.
AFX also announced a record day of trading on April 17, with $798 million transacted on the platform.
AFX such as insurance companies, broker-dealers, private equity firms, futures commission merchants and asset managers. Cboe Global Markets, Inc. (Cboe) operates the web-accessible, secure, electronic trade matching engine and supports surveillance and membership services.
AFX is an important addition to the short and future long-term investment needs of an insurance company.
“AFX is an important addition to the short and future long-term investment needs of an insurance company,” said John F. Barrett, chairman, president and CEO, Western & Southern Financial Group, the parent company of Western & Southern Life. “Transparency and ease of access that AFX brings are important tools, and we are very excited to be the first insurer to join the Exchange.”
“Western & Southern Life is a recognized leader in the insurance sector. We are delighted to welcome them to the Exchange,” said Dr. Richard L. Sandor, chairman and CEO of AFX. “A transparent, regulated and rules-based platform such as AFX can be of enormous benefit to the insurance sector and other financial firms around the country.”