AEGIS Swap Execution Facility (AEGIS SEF) has provided an update on financial counterparty participation, February trading activity, and new approvals in Canada.

AEGIS SEF now has 15 financial counterparties (Dealers) and nearly 300 commercial end users (Participants) executing hedging transactions through AEGIS SEF. Each Dealer and Participant has signed definitive documentation to enable the execution of hedging transactions on AEGIS SEF.

“We are proud to host a mix of U.S. money center and regional banks, Canadian banks, and merchant traders with approximately $1.50 trillion of market capitalization on AEGIS SEF,” said Justin McCrann, President of AEGIS SEF. “Since launch, AEGIS SEF has executed nearly 120,000 contracts with over $6.4B in hedging exposure thanks to the liquidity provided by these world-class financial counterparties.”

Trading volumes on AEGIS SEF continued to accelerate in February. Average daily trade volume grew 45% from January and Q1 2023 average daily trading volume is up 161% from Q4 2022. February saw new monthly records in trades completed, products traded and number of trading entities – all demonstrating the viability, breadth and support of advisor-assisted transactions on AEGIS SEF.

On February 7, AEGIS SEF received an exemption from exchange registration by the Ontario Securities Commission. A similar exemption application in Quebec is being finalized for submission.

“These exemptions will pave the way for Canadian dealers to fully participate on AEGIS SEF, build on current liquidity, and better serve commercial end users,” said Andrew Furman, Chief Compliance Officer of AEGIS SEF.

AEGIS SEF is a Swap Execution Facility designed and built for Commodity Trading Advisor (CTA) Broker Firms to assist their clients with permitted hedge transactions in compliance with the Commodity Futures Trading Commission and Dodd-Frank regulations.