AEGIS SEF, LLC (“AEGIS Markets”) today provided multiple updates on its financial counterparty (“Dealer”) participation, record 1Q 2024 trading activity, and value additions to its offerings.

AEGIS Markets ended 1Q24 with 28 participating Dealers. Record liquidity combined with increased volume from Commercial End Users hedging directly on the Marketplace fueled another record volume quarter. 1Q24 volume finished up 55% versus the prior year’s quarter.

“Continuing adoption and growth attest directly to the value of doing business on a Marketplace,” said Chris Payne, President of AEGIS Markets. “Participants can create a trade once, share it automatically with the Dealers they choose, and execute with the click of a button. Plus, everyone benefits from being easier to work with, an efficient bidding process, workflow automation loading trades into downstream systems, and trade analytics improving insights and decision making. While peers debate compliance questions, the Marketplace continues to lead with capabilities and a full commitment to make hedging markets better for commercial end users and their financial counterparties.”

AEGIS Markets has also seen broad user adoption of Trade Insights, the Marketplace analytics package rolled out in 4Q23. “These hedge analytics are available automatically to all online Participants. Trade Insights saves tremendous amounts of time versus manual attempts to track data, and users are obtaining new insights regarding win/loss ratios, pricing, and performance that were not available before,” said Payne.

Also notably, AEGIS Markets launched a Swap Data Repository (SDR) working group during the quarter. “AEGIS Markets can add additional value to Dealers by leveraging its position as an informed reporter to multiple SDRs,” said Andrew Furman, Chief Compliance Officer for AEGIS Markets.

“Dealers are facing new challenges from changes to CFTC reporting requirements, including 49 new fields and a Commodities UPI. The working group will provide additional support for our community of Dealer back office and technology teams by helping them work efficiently to meet the next round of CFTC requirements.”

About AEGIS Markets

AEGIS SEF, LLC (“AEGIS”) dba AEGIS Markets, a wholly owned subsidiary of AEGIS Hedging Solutions, LLC, is registered as a Swap Execution Facility (“SEF”) under the authority of the Commodity Futures Trading Commission (“CFTC”) pursuant to Section 5h (7 U.S.C. 5h) of the Commodity Exchange Act (“CEA”) and Part 37 (17 C.F.R. Part 37) of the CFTC Regulations thereunder. 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 swap execution facility’s disclosure. Consequently, the CFTC has not reviewed or approved this material. AEGIS Markets operates markets for commodities and other instruments. For more information, please visit https://www.aegis-markets.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240408941120/en/