AEGIS SEF, LLC (“AEGIS Markets”) today provided multiple updates on its financial counterparty (“Dealer”) participation, record 4Q and 2023 trading activity, and new market-leading trade analytics.
AEGIS Markets ended 2023 with 26 participating dealers complimenting over 350 Commercial End Users. This enabled record 4Q activity, with volume up 294% in 4Q23 vs. 4Q22. AEGIS Markets also achieved another key milestone with over 500,000 lots traded. That is the equivalent of 500 million barrels of crude, 5,000 billion cubic feet of gas, 21 billion gallons of fuel, or 10 billion pounds of aluminum.
Regarding this milestone, Chris Payne, President of AEGIS Markets stated, “Our substantial levels of liquidity and end-user demand enabled these significant volumes and supported our mission of making hedging markets more efficient for all participants.” In addition, December saw AEGIS Markets launch a first for the bilateral commodity markets – online Trade Insights. Trade Insights provides unparalleled access to trade participation statistics, win/loss ratios, and bid feedback for all trades a Participant is involved with.
“It wouldn’t be possible to provide actionable analytics like this without modernizing the hedging process with current technology and an engaging, easy-to-use experience. We’ve received great feedback on Trade Insights already and are looking forward to adding additional capabilities in the future,” said Payne.
About AEGIS Markets
AEGIS Markets (U.S.) LLC, a subsidiary of AEGIS Hedging Solutions, is a Swap Execution Facility approved by the Commodity Futures Trading Commission (“CFTC”). AEGIS Markets operates markets for commodities and other instruments. For more information, please visit https://www.aegis-markets.com. 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.
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Contacts
Media Contact
Lauren Trice
346.277.0971
ltrice@aegis-hedging.com