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