Last Thursday, we announced that our application to form a Swap Execution Facility (“SEF”) has received final approval from the Commodity Futures Trading Commission (CFTC).
You can read the full press release here.
If you are curious why AEGIS created the industry’s first SEF, please click here.
SEF approval is the culmination of three years of work – it ensures we can serve customers like you in accordance with regulatory obligations.
Beginning September 1, all hedging transactions initiated by AEGIS will be posted to the Request for Quote (RFQ) System within AEGIS-SEF for negotiation and execution.
Your continued support for AEGIS-SEF as you speak with trading partners will accelerate onboarding and change management. We know this is change, and we are all rowing together. Thank you for your continued support and partnership. We look forward to modernizing the hedging markets alongside you.
- EU eases some oil-trading sanctions on Russia
- Russian state-owned companies Rosneft and Gazprom will be permitted to ship oil to third countries under a revision of EU’s sanctions adopted by member states this week with the intention of reducing the dangers to global energy security
- Major trading firms, including Vitol, Glencore, and Trafigura, along with oil majors Shell and Total have stopped trading Russian oil for third parties, citing EU sanctions, including restrictions on shipping insurance
- Now, however, they will be able to resume business with Russia under the new provision