The Quarterback is the most important position on the football field. In AEGIS Markets, the Authorized User (“AU”) is the most important person on the Marketplace field. They are officially recognized by the Swap Execution Facility and empowered with execution privileges on behalf of their Participant. The Marketplace has over 180 AUs. As important as this Marketplace QB can be, they need to be supervised:

• Administrators control who has Authorized User privileges
• Administrators set which facing clients each AU can transact with
• Commercial End User participant AUs who launch RFQs can be (optionally) required to obtain approvals for all trades
• Background checks and routine surveillance are used to assure that AUs comply with the rules

Governance and Controls enable these AUs to quarterback their teams, with the requisite supervision to protect their franchises. That is a recipe for winning, on and off the field.