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Exchange Handles More Annuity Deals

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A unit of Ebix Inc. says it believes it now is processing about half of all annuity business involving U.S. full-service brokers.

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ExbixExchange, Herndon, Va., says volume at its AnnuityNet annuity order processing system increased to an annualized level of about $35 billion at the end of 2008, up from $21 billion in 2007.