AEGIS Markets Achieves Record-Breaking 2Q Trading Activity and is Awarded for Innovation in Commodities Markets
THE WOODLANDS, Texas–(BUSINESS WIRE)–AEGIS SEF, LLC (“AEGIS Markets”), a CFTC-regulated subsidiary of AEGIS Hedging Solutions (“AEGIS”) and bilateral marketplace for commodity hedging, today provided multiple updates on its financial counterparty (“Dealer”) participation, record 2Q 2024 trading activity, and external market recognition.
AEGIS Markets ended 2Q24 with 30 participating Dealers, including the addition of 2 significant new counterparties. Record liquidity, combined with increased volume from Commercial End Users, fueled another quarter of growth. In 2Q24, volume rose by over 20%, and trade count increased by more than 50% compared to the prior year’s quarter.
“We appreciate all of our Dealers on AEGIS Markets. The two most recent Dealers who have come online bring additional liquidity for our Commercial End Users,” said Chris Payne, President of AEGIS Markets. “We also saw a significant increase in Commercial End User activity available for our Dealers during the quarter. Together, increased liquidity and increased activity hit two of the critical metrics we watch closely to ensure we’re improving hedging markets for all participants.”
During the quarter, AEGIS Markets was recognized as the OTC Trading Platform of the Year by Energy Risk. This award recognizes excellence and innovation in risk management across the commodities complex and all OTC derivatives platforms. “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. This award is meaningful, independent recognition of the value we are bringing across these areas,” said Payne.
For more information on becoming a Dealer, Participant, or Commercial End User, please visit www.aegis-markets.com.
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.
Contacts
Lauren Trice
346-277-0971
ltrice@aegis-hedging.com