AEGIS SEF has announce the appointment of Chris Payne as the new President of AEGIS SEF.

Mr Payne was formerly the Chief Product Officer for AEGIS Hedging Solutions, the parent company of AEGIS SEF, where he led the creation of the AEGIS SEF platform. He replaces Justin McCrann, who will continue to serve on the AEGIS SEF Board.

“Chris has been actively involved in the development of our marketplace as Chief Product Officer, and he brings a wealth of technical and market knowledge coupled with extensive management experience to take the business to the next level,” said McCrann. “I look forward to continuing to support the growth of AEGIS SEF as a member of the Board.”

“I am excited to help AEGIS SEF build upon the work Justin and the team have already accomplished in launching our bilateral swap execution facility,” said Chris Payne, President of AEGIS SEF. “Recent volume records indicate material adoption of the platform. We are eager to help our Participants sustain that growth by leveraging modernized electronic trading in a way that benefits everyone in these markets. Participant feedback remains strong, and the record growth is supported by significant new Dealer interest in AEGIS SEF from a mix of counterparties, including registered swap dealers, integrated marketers, proprietary trading firms and hedge funds.”

AEGIS SEF recently listed new Products in Interest Rates, Aluminum, Diesel, Gasoline, Crude Oil Roll swaps, Swing swaps, and a range of Canadian Energy swaps to meet the needs of its growing constituency.

“As transaction volume grows, we are seeing an increase in the range of products traded on our hedging marketplace,” said Andrew Furman, Chief Compliance Officer of AEGIS SEF. “We are also expanding our geographic presence to include Canada in order to meet the hedging needs of commercial end-users and Dealers based there.”