Latest Insight
Last Look - WTI loses $3.80 on the week; Gas posts a weekly gain of 72.1

Why did AEGIS register as a Swap Execution Facility (SEF)?


The simple answer

The Commodity Futures Trading Commission (CFTC), the regulator to hedge advisors, said we had to.

And by the way, we believe all similar firms may need to do the same.



Have 60 more seconds?

Tune in as Bryan Sansbury, AEGIS CEO, explains more in this 1-min discussion with Chuck Yates at DigitalWildcatters.


Like more detail?

Fortunately, the CFTC clarified SEF registration requirements in September 2021.

The document to the right includes AEGIS notes alongside the actual CFTC Advisory 21-19

And if you would like to hear from outside counsel...

Phil Lookadoo, head of Haynes' Boone's Washington DC office, details his interactions with the CFTC during the formation of AEGIS SEF.

Hearing something different?

In the end, the CFTC has the final say.

If you are receiving conflicting information, please contact the CFTC anonymously and simply describe the work your hedge advisor performs or proposes to perform.

Contact the CFTC:

For additional questions, please contact the CFTC directly
by visiting or by calling 202-418-5000. A specific list can be found here

To reach the Division of Market Oversight 
please refer to the contact information provided in Staff Advisory 21-19 to reach specific contacts. You can find that here

What could that conversation look like with the CFTC?

Regulatory compliance is a big deal. Take the time to be confident.

AEGIS SEF Overview