Launched on September 1, 2022, AEGIS Swap Execution Facility (“AEGIS SEF”) provided an update today on transaction activity in January 2023. In the past month, multiple new dealers became active on the platform, meeting an uptick in demand from commercial consumers and producers looking to hedge their exposure.
With a record number of trades executed in January, monthly trade volumes on AEGIS SEF grew 88% compared to December.
“The addition of new dealers transacting on AEGIS SEF in January further boosted volume and liquidity,” said Justin McCrann, President of AEGIS SEF. “Industry adoption is evident with January’s increase on top of our previously announced 140% increase in December volumes compared to November.”
AEGIS SEF achieved multiple milestones in the past month, including:
- Anticipated approval of the Exemption from Exchange Registration by the Ontario Securities Commission;
- Adding multiple new dealers, bringing liquidity to record levels; and
- Making new energy and metals products available for execution.
“We truly appreciate the effort each of our dealers have made to assess and provide liquidity to AEGIS SEF,” said Bryan Sansbury, CEO of AEGIS Hedging Solutions, the parent of AEGIS SEF and AEGIS CTA. “Companies with exposures to commodity prices need a compliant venue to transact hedges and we continue to make adjustments to ensure executing via AEGIS SEF is as seamless as possible.”
AEGIS SEF is the first Swap Execution Facility designed and built for Commodity Trading Advisor (CTA) Broker Firms to assist their clients with permitted hedge transactions in compliance with the CFTC and Dodd-Frank regulations. For more information on AEGIS SEF or if you are interested in executing hedges on AEGIS SEF, please visit https://www.aegis-hedging.com/swap-execution-facility.
About AEGIS SEF
AEGIS SEF (US) LLC, a subsidiary of AEGIS Hedging Solutions, is a Swap Execution Facility approved by the Commodity Futures Trading Commission (“CFTC”). AEGIS SEF operates markets for commodities and other instruments. AEGIS SEF offers a venue for trading in uncleared bilateral OTC swaps through a central limit order book (CLOB), request for quote (RFQ) system, and Offline Execution Functionality (OEF). For more information, please go to https://aegis-hedging.com/swap-execution-facility.
AEGIS simplifies commodity and environmental markets for companies who manage their commodity exposures and/or emission footprints. AEGIS has unmatched technology and expertise to deliver market insights, tailored hedge strategies, efficient trade execution, and full-cycle management of hedge positions – all designed for regulatory compliance. Building on its core energy hedging capabilities, AEGIS has recently completed four acquisitions to extend its expertise in environmental and metals markets, increase its analytics capabilities and fully integrate a SaaS E/CTRM software platform. AEGIS was recently named the industry leader in hedging solutions for a sixth consecutive year. To learn more, visit AEGIS’ website at www.aegis-hedging.com.
Commodity interest trading involves risk and, therefore, is not appropriate for all persons; failure to manage commercial risk by engaging in some form of hedging also involves risk. Past performance is not necessarily indicative of future results. There is no guarantee that hedge program objectives will be achieved. Neither AEGIS SEF, LLC nor any of its affiliated entities offer a trading program to clients, nor do they propose guiding or directing a commodity interest account for any client based on any such trading program. Hedge advisory services are performed by the registered commodity trading advisor AEGIS CTA, LLC, a wholly-owned subsidiary of AEGIS Hedging Solutions, LLC.
This press release is not required to be, and has not been, filed with the CFTC. The CFTC does not pass upon the adequacy or accuracy of this disclosure. Consequently, the CFTC has not reviewed or approved this press release.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230202005672/en/
Lauren Trice, 346-277-0971