Amir Khwaja


Amir Khwaja

Amir is CEO of Clarus Financial Technology and has more than twenty five years' experience in OTC Derivatives and Technology. His prior positions include Director of RiskMng and FE at Calypso Technology (2005-2012), CTO at SunGard Trading and Risk (2002-2005), CEO & Founder at Kronos Software (1998-2002). Amir started his career at Chase Manhattan (now JPM) as an IT graduate trainee in 1988, after a degree in Mechanical Engineering from Imperial College, London.


Posts by amir:

  1. 11 Jun 2018, Swaps Data: Anatomy of a Wild Week in USD Swaps
  2. 06 Jun 2018, CCP Margin Calculation
  3. 23 May 2018, Identifiers, Identifiers, Everywhere
  4. 16 May 2018, CCP Basis and Volume in Major Currencies
  5. 08 May 2018, Swaps Data: The Allure of Liquidity
  6. 25 Apr 2018, Mar 2018 SEF Market Share Statistics
  7. 18 Apr 2018, Mar 2018 Swaps Review – SDR Data in 9 Charts
  8. 04 Apr 2018, Swaps Data: A MiFID-shaped hole
  9. 28 Mar 2018, FRTB – Revisions to market risk capital requirements
  10. 12 Mar 2018, Swaps Data: Clearing’s $750 billion funding requirement
  11. 21 Feb 2018, MiFID II – NEX APA Public Trade Data
  12. 20 Feb 2018, Swaps Data: the monopoly effect in clearing
  13. 14 Feb 2018, Entity Netted Notionals – Turning $179 trillion into $15 trillion
  14. 07 Feb 2018, Is Eurex Gaining Share in IRS Clearing?
  15. 30 Jan 2018, 2017 CCP Market Share Statistics
  16. 24 Jan 2018, MiFID II Data – Interest Rate Swaps on D2D Venues
  17. 16 Jan 2018, CCP Disclosures 3Q 2017 – What the Data Shows
  18. 10 Jan 2018, MIFID II – Why ISINs for OTC Derivatives are Bad for Transparency
  19. 03 Jan 2018, 2017 SEF Market Share Statistics
  20. 20 Dec 2017, Clarus Top Blogs of 2017
  21. 12 Dec 2017, Swaps Data Review: FX Options – candidate for a clearing mandate
  22. 06 Dec 2017, Nov 2017 Swaps Review in 16 Charts
  23. 29 Nov 2017, OCC Quarterly Report on Bank Derivatives Activities
  24. 20 Nov 2017, Swaps Data Review: CCP and SEF Volumes Growing
  25. 08 Nov 2017, SA-CCRカリキュレーター
  26. 25 Oct 2017, Sep 2017 Swaps Review in 16 Charts
  27. 18 Oct 2017, SA-CCR Calculator
  28. 16 Oct 2017, Swaps Data Review: Basis Swaps Galore
  29. 16 Oct 2017, 非クリアリング・デリバティブ取引のマージン
  30. 10 Oct 2017, CCP Disclosures 2Q 2017 – What the Data Shows
  31. 04 Oct 2017, MiFID II Bond Transparency Calculations
  32. 27 Sep 2017, Initial Margin Attribution
  33. 20 Sep 2017, Margin for Non-Cleared Derivatives
  34. 12 Sep 2017, MiFID II: Why Research is in the News
  35. 06 Sep 2017, Free Trials, Analytics, Data and More
  36. 04 Sep 2017, Swaps Data Review: Credit Derivative volumes
  37. 30 Aug 2017, FRTB Non-Modellable Risk Factor Analysis
  38. 23 Aug 2017, APRA – Margining for non-centrally cleared derivatives
  39. 16 Aug 2017, Capital and RWA for European Banks
  40. 08 Aug 2017, FRTB – Simplified Standardised Approach
  41. 02 Aug 2017, ISDA SIMM™ IN PYTHON
  42. 31 Jul 2017, Swaps Data Review: CCP and SEF Volumes
  43. 26 Jul 2017, CCP Disclosures 1Q 2017 – What the Data Shows
  44. 18 Jul 2017, June 2017 Swaps Review in 15 Charts
  45. 03 Jul 2017, Swaps Data Review: A Day in the Life of a Swap
  46. 21 Jun 2017, Capital Ratios and Risk Weighted Assets for Tier 1 US Banks
  47. 13 Jun 2017, EU Commission proposes more robust supervision of CCPs
  48. 13 Jun 2017, May 2017 Swaps Review
  49. 07 Jun 2017, Supplementary Leverage Ratio: Comparing US Banks
  50. 30 May 2017, Swaps Data Review: ADV for OTC Derivatives
  51. 24 May 2017, Microservices for Derivatives: What You Need to Know
  52. 15 May 2017, April 2017 Swaps Review
  53. 10 May 2017, CCP Disclosures 4Q 2016 – Trends in the Data
  54. 02 May 2017, Swaps Data: ETD vs OTC, USD IRS, OIS and NDF
  55. 01 May 2017, マイクロ・サービス: FRTB モデリング・リスク・ファクターズ
  56. 24 Apr 2017, March 2017 Swaps Review
  57. 23 Apr 2017, FRTB モデラブルとノン・モデラブルなリスク・ファクター
  58. 12 Apr 2017, LCH-Eurex Basis in EUR IR Swaps
  59. 11 Apr 2017, We are expanding in Asia
  60. 10 Apr 2017, Monthly Swap Data review: Libor dominance challenged
  61. 28 Mar 2017, Microservices: FRTB Modellable Risk Factors
  62. 15 Mar 2017, February 2017 Swaps Review
  63. 08 Mar 2017, Basel III Leverage Ratio
  64. 01 Mar 2017, Initial Margin Optimization
  65. 28 Feb 2017, Swaps Data: Volumes rise, CCP Switches Spike
  66. 22 Feb 2017, Capital requirements for exposures to CCPs
  67. 15 Feb 2017, January 2017 Swaps Review
  68. 08 Feb 2017, Canadian Derivatives Public Dissemination
  69. 01 Feb 2017, MIFID II: Transparency Data
  70. 25 Jan 2017, MIFID II: Instrument Reference Data
  71. 18 Jan 2017, CCP Disclosures 3Q 2016 – Trends in the Data
  72. 10 Jan 2017, 2016 SEF Market Share Statistics
  73. 04 Jan 2017, December 2016 Swaps Review
  74. 28 Dec 2016, Clarus Top Blogs of 2016
  75. 21 Dec 2016, SA-CCR: Standardised Approach Counterparty Credit Risk
  76. 13 Dec 2016, FRTB – Modellable Risk Factors and Non-Modellable
  77. 07 Dec 2016, November 2016 Swaps Review
  78. 30 Nov 2016, FRTB SA – Residual Risk AddOn
  79. 27 Nov 2016, FRTB ‐デフォルト・リスク・チャージ
  80. 21 Nov 2016, USD Swap Volumes after Nov 8, 2016
  81. 16 Nov 2016, Margin Buffer, Event Risk and the US Election
  82. 08 Nov 2016, October 2016 Swaps Review
  83. 07 Nov 2016, クリアード・スワップの証拠金に係るバッファーの見積もり
  84. 02 Nov 2016, FRTB – The Default Risk Charge
  85. 26 Oct 2016, Sizing the Margin Buffer for Cleared Swaps
  86. 19 Oct 2016, Microservices and the Amazon Cloud
  87. 12 Oct 2016, September 2016 Swaps Review
  88. 05 Oct 2016, CCP Disclosures 2Q 2016 – Trends in the Data
  89. 28 Sep 2016, Trading Obligation for Derivatives under MiFIR
  90. 21 Sep 2016, ISDA 2016: Implementing Margin Rules for Non-Cleared Swaps
  91. 13 Sep 2016, How large will Initial Margin be for Uncleared Swaps?
  92. 06 Sep 2016, August 2016 Swaps Review
  93. 30 Aug 2016, 非清算商品にかかる証拠金、ISDA SIMMとFRTB SA
  94. 23 Aug 2016, Uncleared Margin, ISDA SIMM and FRTB SA
  95. 08 Aug 2016, July 2016 Swaps Review – MXN Clearing and JPY SEF Compression
  96. 26 Jul 2016, CCP Initial Margin Models – A Comparison
  97. 20 Jul 2016, CCP Disclosures 1Q2016 – Trends in the Data
  98. 12 Jul 2016, June 2016 Swaps Review – Volumes Up 30 to 50%
  99. 05 Jul 2016, Higher Swap Margins after Brexit
  100. 28 Jun 2016, BREXIT – The Impact on Swap Margin
  101. 21 Jun 2016, FRTB – Internal Models or Standardised Approach?
  102. 13 Jun 2016, Fundamental Review of the Trading Book – What You Need to Know
  103. 08 Jun 2016, May 2016 Swaps Review – Volume Down, SEF Compression & AUD OIS Up
  104. 01 Jun 2016, USD OIS Swap Volumes Surge
  105. 24 May 2016, Margin Valuation Adjustment
  106. 18 May 2016, LSE and Deutsche Boerse: What the CCP Disclosures Show
  107. 09 May 2016, April 2016 Swaps Review – LCH-JSCC Basis, Swaptions, AUD OIS
  108. 04 May 2016, ESMA EU-Wide CCP Stress Test Results
  109. 25 Apr 2016, LCH-JSCC Basis: An Update
  110. 18 Apr 2016, LCH-JSCC Basis in JPY Swaps
  111. 18 Apr 2016, LCH-JSCCスプレッド
  112. 12 Apr 2016, CCP Skin in the Game: An Update
  113. 06 Apr 2016, March 2016 Swaps Review
  114. 23 Mar 2016, How Cash is Held by Clearing Houses
  115. 15 Mar 2016, Swaptions Clearing at CME
  116. 08 Mar 2016, US Swaps transparency has yielded numerous benefits
  117. 07 Mar 2016, Japanese version of Feb 2016 Swaps Review
  118. 02 Mar 2016, Feb 2016 Swaps Review – Compression Up, CME-LCH Basis Down, AUD OIS Up
  119. 24 Feb 2016, Comparing CCP Disclosures for CME, ICE, JSCC, LCH
  120. 16 Feb 2016, CPMI-IOSCO Public Disclosure by European CCPs
  121. 10 Feb 2016, MIFID II and Transparency for Bonds: What You Need to Know
  122. 02 Feb 2016, January 2016 Swaps Review – Gains and Losses
  123. 26 Jan 2016, 2015 SEF Market Share Statistics
  124. 12 Jan 2016, Review of 2015 US Swap Volumes in SDRs
  125. 06 Jan 2016, December 2015 Swaps Review
  126. 30 Dec 2015, Our Top Blog Articles of 2015
  127. 15 Dec 2015, Cap and Floor Option Volumes
  128. 15 Dec 2015, Cap Floor のボリューム
  129. 09 Dec 2015, CCP Basis Spreads: What Next?
  130. 02 Dec 2015, November 2015 Swaps Review – CME-LCH Basis Up, LCH Vols Up, SEF Compression Down
  131. 23 Nov 2015, Why the ISDA SIMM methodology is not what I expected
  132. 18 Nov 2015, CME-LCH Basis Spreads Blow Out
  133. 11 Nov 2015, What is the Impact of the ICAP and Tullet Deal?
  134. 03 Nov 2015, CME-LCH Basis Widens Again
  135. 28 Oct 2015, Final US Rules on Margin for Non-Cleared Swaps
  136. 21 Oct 2015, MiFID II and Best Execution for Derivatives
  137. 13 Oct 2015, September 2015 Review – More of the Same
  138. 06 Oct 2015, SEFS in Japan: First Month of ETP Volumes
  139. 05 Oct 2015, MiFID II and the Trading Obligation for Derivatives
  140. 29 Sep 2015, MIFID II and Transparency for Swaps: What You Need to Know
  141. 22 Sep 2015, Basis Swap Volumes
  142. 15 Sep 2015, FX Options Trading On SEFs
  143. 09 Sep 2015, TriOptima Compression at CME
  144. 02 Sep 2015, China’s Black Monday and Volatility of Swap Margin
  145. 24 Aug 2015, Post-Trade Transparency in CDS Index
  146. 17 Aug 2015, USD OIS Swap Volumes
  147. 11 Aug 2015, July 2015 Review – Spreadovers, Butterflys and LCH SwapClear
  148. 22 Jul 2015, Webinar on CME-LCH Basis
  149. 15 Jul 2015, CME-LCH Basis Swaps Volumes Update
  150. 30 Jun 2015, CME and LCH June 2015 Volumes
  151. 29 Jun 2015, CCP Default Management Process and the SwapClear Fire Drill
  152. 16 Jun 2015, LCH Makes Gains vs CME in USD IRS (8-12 Jun 2015)
  153. 10 Jun 2015, CME and LCH: What Happened on May 19 and Jun 2?
  154. 26 May 2015, Hedging the CME-LCH Basis
  155. 20 May 2015, CME-LCH Basis Spread
  156. 12 May 2015, Derivatives Trade Reporting in Australia
  157. 05 May 2015, April 2015 Review – Lower Volumes
  158. 28 Apr 2015, FX NDF Trading On SEFs: April 2015 Update
  159. 20 Apr 2015, Canadian Derivatives Reporting to SDRs
  160. 15 Apr 2015, SEFs in Japan
  161. 01 Apr 2015, SDR Alerts, Terminations and Screen Real Estate
  162. 24 Mar 2015, Compression List Trading On SEFs
  163. 11 Mar 2015, Trade Surveillance in Swaps Trading
  164. 25 Feb 2015, Can SPAN Margin for Futures be higher than HistSim Margin?
  165. 24 Feb 2015, Our Response to the ESMA Consultation
  166. 18 Feb 2015, Inflation Swaps: What the Data Shows
  167. 09 Feb 2015, Portfolio Cross-Margining of Swaps and Futures
  168. 04 Feb 2015, January Volumes in Swaps, Compression To the Fore
  169. 28 Jan 2015, Swaption Volumes in 2014
  170. 21 Jan 2015, Our Top 10 Blogs of 2014
  171. 13 Jan 2015, A Review of 2014 US Swap Volumes
  172. 23 Dec 2014, MXN Interest Rate Swaps
  173. 08 Dec 2014, November Volumes in Interest Rate Swaps
  174. 02 Dec 2014, IR Swap Prices on Reuters, Bloomberg and SDR
  175. 24 Nov 2014, EUR IR Swaps: Huge Spikes in Volumes
  176. 12 Nov 2014, Price Making in Swaps and Sharpening your Axe
  177. 03 Nov 2014, October Volumes in Interest Rate Swaps
  178. 29 Oct 2014, Stress Testing of Initial Margin and Procyclicality post Oct 15th
  179. 21 Oct 2014, Record Volumes On SEFs in September and October
  180. 15 Oct 2014, Why a Margin Forecast is important
  181. 29 Sep 2014, OTC Derivatives Reporting in Japan
  182. 22 Sep 2014, USD MAC Swaps: How Large is the market?
  183. 16 Sep 2014, Forward IRSwaps and Initial Margin
  184. 10 Sep 2014, USD MAC Swaps: A Closer Look
  185. 04 Sep 2014, CME IRS Margin Model Change
  186. 26 Aug 2014, CDSIndex Volumes: A Year to Date Review
  187. 05 Aug 2014, Swaps Compression: Clearing Fees and Margin
  188. 22 Jul 2014, Swaps Compression and Compaction on trueEX and Tradeweb SEFs
  189. 15 Jul 2014, A Six Month Review of Swap volumes
  190. 08 Jul 2014, Oracle $10b Bond Issue, Looking for the Swaps
  191. 30 Jun 2014, LCH-CME Switch Trades and Margin Management
  192. 24 Jun 2014, Why are there so many fintech startups in payments?
  193. 16 Jun 2014, Swap Curve and Butterfly Package trades on Bloomberg SEF
  194. 10 Jun 2014, Interest Rate Swap Prices, D2D vs D2C, is there a difference?
  195. 03 Jun 2014, Interest Rate Swaps, Spot vs Forwards, which is the greater?
  196. 27 May 2014, SEF Package Exemptions, So Far So Good
  197. 20 May 2014, Tick Data for Swaps: What is now available?
  198. 13 May 2014, Bloomberg SDR and SEF: What can we now see?
  199. 12 May 2014, Bloomberg SDR is now live
  200. 07 May 2014, SEF Packages, Swap Curve trades, do we need a new zero?
  201. 05 May 2014, EMIR and CFTC SDR Cross Currency Swap Volumes
  202. 28 Apr 2014, EMIR Trade Reporting and Public Data: What is the Point?
  203. 15 Apr 2014, SEF MAT Week8, USD IRS and EUR IRS
  204. 02 Apr 2014, SEF MAT Week6, USD IRS, Massive Volume in Forwards
  205. 26 Mar 2014, SEF MAT Week 5, USD IRS SEF Vols hit record high and a new leader
  206. 19 Mar 2014, SEF MAT Week 4, IRS Volumes and Spot, Spread, Fwd, MAC
  207. 11 Mar 2014, SEF MAT Week 3, IRS Volumes Up and Up
  208. 05 Mar 2014, CDSIndex On SEF Volumes after MAT
  209. 03 Mar 2014, SDRFix, An Update: On SEF & Cross Currency Swaps
  210. 24 Feb 2014, SEF MAT Week One, What does the data show?
  211. 19 Feb 2014, SEF MAT Feb18 Day2, What does the data show?
  212. 18 Feb 2014, SEF MAT Feb17, What does the SDR data show?
  213. 11 Feb 2014, FX NDFs on SEFs: A more detailed look
  214. 04 Feb 2014, Intra-Day Swap Prices – What Can We See?
  215. 27 Jan 2014, CDSIndex trading on SEF Platforms
  216. 15 Jan 2014, Swaptions trading on SEF platforms
  217. 14 Jan 2014, JSCC and Clearing of Yen Interest Rate Swaps
  218. 07 Jan 2014, FX NDF Trading On SEFs
  219. 16 Dec 2013, 2013, The Year The Swap Market Changed
  220. 12 Dec 2013, Compression, SDR and TrueEx SEF
  221. 10 Dec 2013, Cancel and Replace transactions in SDRView
  222. 04 Dec 2013, Software vendor brings transparency to complex swaps data
  223. 03 Dec 2013, Mexican Peso Interest Rate Swaps
  224. 25 Nov 2013, Swaptions Clearing, A More Detailed Look
  225. 11 Nov 2013, Push, Ping and Charm
  226. 28 Oct 2013, SDRFix, what do we mean when we say transparent?
  227. 22 Oct 2013, Cross Currency Swap trades in Swap Data Repositories
  228. 11 Oct 2013, USD Swap Prices on SEF platforms
  229. 09 Oct 2013, SEF, Oct 2, What happened to EUR IRS trading?
  230. 03 Oct 2013, SEF, Oct 2, What does the SDR data show?
  231. 01 Oct 2013, Client Clearing of IRSwaps, CME and LCH
  232. 25 Sep 2013, SDRFIX, a progress report two weeks after launch
  233. 16 Sep 2013, Mandatory Clearing, Sep 9, a whimper not a bang?
  234. 11 Sep 2013, SDRFIX, a new index for a post-reform world
  235. 04 Sep 2013, Real-time reporting of Swap transactions
  236. 14 Aug 2013, Think Global, Act Local
  237. 13 Aug 2013, SDR View, Capped Notional Changes
  238. 07 Aug 2013, ISDAFIX, Looking for Evidence of Price-manipulation
  239. 01 Aug 2013, SDR, Block Trade Rule, 30 July Update
  240. 15 Jul 2013, USD IRSwap Client Clearing, CME or LCH?
  241. 08 Jul 2013, Swaptions Clearing, why is it important?
  242. 25 Jun 2013, Mandatory Clearing, June 10, Week Two and CME or LCH?
  243. 21 Jun 2013, Swap Data Repository, Block Trade Rule, the Bad News
  244. 17 Jun 2013, Mandatory Clearing, June 10, Week One and YTD
  245. 17 Jun 2013, Competition | June 10 Prediction | The Results
  246. 13 Jun 2013, Mandatory Clearing, June 10, Day 3, Cleared Volumes Rise
  247. 12 Jun 2013, Mandatory Clearing, June 10, the first two days
  248. 11 Jun 2013, Value at Risk, what you should know, overview and detail
  249. 05 Jun 2013, Cleared CDS Index volumes rising ahead of June 10 date
  250. 03 Jun 2013, Mandatory Clearing: Predictions and the Wisdom of Crowds
  251. 27 May 2013, LCH Swapclear Margin, the need for change and the impact
  252. 22 May 2013, Win a Nexus 7, Kindle Fire or Apple iPad mini
  253. 21 May 2013, The Lean StartUp and LinkedIn
  254. 02 May 2013, markit Financial Markets Reform Conference – The Highlights
  255. 25 Apr 2013, Cleared Swap prices versus Bi-lateral Swap prices
  256. 22 Apr 2013, Oracle Cloud Seminar
  257. 09 Apr 2013, OTC Central Clearing: One Month In, What does the Data Show?
  258. 05 Apr 2013, Is a Chart worth a hundred words or more?
  259. 25 Mar 2013, Swaps, actual traded prices and size
  260. 13 Mar 2013, Mandatory clearing, is it really happening?
  261. 01 Mar 2013, Shining a light on derivatives
  262. 12 Feb 2013, Central Counterparty Clearing Workshop
  263. 06 Feb 2013, Business cards, Libor-rigging and Self-Interest
  264. 29 Jan 2013, Accounting with Kashflow
  265. 16 Nov 2012, OTC Derivatives for Fund Management Conference
  266. 22 Sep 2012, CCP Initial Margin for Interest Rate Swaps
  267. 11 Jul 2012, Angel Investing in London – CityMeetsTech