AEGIS Markets Named OTC Trading Platform of the Year at Energy Risk Awards
21 Mayo 2024 - 9:39AM
Business Wire
Rapid marketplace adoption is bringing
efficiency, transparency, and liquidity to hedging
AEGIS SEF, LLC (“AEGIS Markets”), a CFTC-regulated subsidiary of
AEGIS Hedging Solutions (“AEGIS”) and bilateral marketplace for
commodity hedging has been named the OTC Trading Platform of the
Year at the 2024 Energy Risk Awards.
The Energy Risk Awards celebrate excellence and innovation in
risk management across the commodities complex and recognize the
firms driving the energy and broader commodity markets forward. The
OTC Trading Platform of the Year considers advancements and
adoption across all OTC derivatives platforms (single-dealer,
multi-dealer, MTFs, OTFs, etc.).
AEGIS Markets is a CFTC-approved swap execution facility (”SEF”)
that enables compliant, efficient, and transparent execution of
hedging transactions for companies managing commodity price risk.
This hedging marketplace connects over 600 entities, including both
producers and consumers of commodities, to 28 liquidity providers
offering 270 listed products used to hedge commercial risk.
“This is a fiercely fought category, but the judging team was
unanimous in its choice of AEGIS Markets as the winner. We’ve
watched its platform grow from a product to meet a compliance
requirement into a robust commodity marketplace that is powered by
cutting-edge technology and rapidly ramping up users,” said Stella
Farrington, Head of Content at Energy Risk.
After a rigorous 18-month process, AEGIS Markets was approved by
the Commodity Futures Trading Commission (“CFTC”) in July 2022. The
embedded compliance and underlying technology represented step
changes for a market that historically operated through phone and
chat-based negotiations. AEGIS Markets ended 1Q24 with record
liquidity and volumes that were up 55% year over year.
Chris Payne, President of AEGIS Markets, said, “Our mission at
AEGIS Markets is to make commodity markets better for all
Participants. This award is a meaningful, independent recognition
of our progress in that journey. AEGIS Markets fills a critical
role in commodity markets by enabling rapid price discovery,
efficient execution, and insightful analytics – all capabilities
unique to AEGIS Markets and not possible using traditional hedge
execution methods. In less than two years of operation, we’ve
achieved deep liquidity and increased volumes quarter over
quarter.”
Bryan Sansbury, CEO of AEGIS, added, “We strive each day to
deliver world-class technology and white-glove service to our
customers. I want to thank the team at Energy Risk for recognizing
our progress on both fronts by naming AEGIS Markets as the OTC
Trading Platform of the Year and AEGIS Hedging as the Hedge Advisor
of the Year for the 8th consecutive year.”
The full report on AEGIS Markets’ award can be viewed here.
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 www.aegis-markets.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240521089629/en/
Lauren Trice, 346-277-0971, ltrice@aegis-hedging.com