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. 07 Aug 2018, More SOFR Swaps are Trading
  2. 01 Aug 2018, Swaps Data: OTC Margin Up, Futures Margin Down
  3. 17 Jul 2018, EUR Swap Volumes by Tenor
  4. 11 Jul 2018, Swaps Data: The Big Get Bigger in Cleared Swaps
  5. 27 Jun 2018, Margin Requirements for Non-cleared Derivatives
  6. 11 Jun 2018, Swaps Data: Anatomy of a Wild Week in USD Swaps
  7. 06 Jun 2018, CCP Margin Calculation
  8. 23 May 2018, Identifiers, Identifiers, Everywhere
  9. 16 May 2018, CCP Basis and Volume in Major Currencies
  10. 08 May 2018, Swaps Data: The Allure of Liquidity
  11. 25 Apr 2018, Mar 2018 SEF Market Share Statistics
  12. 18 Apr 2018, Mar 2018 Swaps Review – SDR Data in 9 Charts
  13. 04 Apr 2018, Swaps Data: A MiFID-shaped hole
  14. 28 Mar 2018, FRTB – Revisions to market risk capital requirements
  15. 12 Mar 2018, Swaps Data: Clearing’s $750 billion funding requirement
  16. 21 Feb 2018, MiFID II – NEX APA Public Trade Data
  17. 20 Feb 2018, Swaps Data: the monopoly effect in clearing
  18. 14 Feb 2018, Entity Netted Notionals – Turning $179 trillion into $15 trillion
  19. 07 Feb 2018, Is Eurex Gaining Share in IRS Clearing?
  20. 30 Jan 2018, 2017 CCP Market Share Statistics
  21. 24 Jan 2018, MiFID II Data – Interest Rate Swaps on D2D Venues
  22. 16 Jan 2018, CCP Disclosures 3Q 2017 – What the Data Shows
  23. 10 Jan 2018, MIFID II – Why ISINs for OTC Derivatives are Bad for Transparency
  24. 03 Jan 2018, 2017 SEF Market Share Statistics
  25. 20 Dec 2017, Clarus Top Blogs of 2017
  26. 12 Dec 2017, Swaps Data Review: FX Options – candidate for a clearing mandate
  27. 06 Dec 2017, Nov 2017 Swaps Review in 16 Charts
  28. 29 Nov 2017, OCC Quarterly Report on Bank Derivatives Activities
  29. 20 Nov 2017, Swaps Data Review: CCP and SEF Volumes Growing
  30. 08 Nov 2017, SA-CCRカリキュレーター
  31. 25 Oct 2017, Sep 2017 Swaps Review in 16 Charts
  32. 18 Oct 2017, SA-CCR Calculator
  33. 16 Oct 2017, Swaps Data Review: Basis Swaps Galore
  34. 16 Oct 2017, 非クリアリング・デリバティブ取引のマージン
  35. 10 Oct 2017, CCP Disclosures 2Q 2017 – What the Data Shows
  36. 04 Oct 2017, MiFID II Bond Transparency Calculations
  37. 27 Sep 2017, Initial Margin Attribution
  38. 20 Sep 2017, Margin for Non-Cleared Derivatives
  39. 12 Sep 2017, MiFID II: Why Research is in the News
  40. 06 Sep 2017, Free Trials, Analytics, Data and More
  41. 04 Sep 2017, Swaps Data Review: Credit Derivative volumes
  42. 30 Aug 2017, FRTB Non-Modellable Risk Factor Analysis
  43. 23 Aug 2017, APRA – Margining for non-centrally cleared derivatives
  44. 16 Aug 2017, Capital and RWA for European Banks
  45. 08 Aug 2017, FRTB – Simplified Standardised Approach
  46. 02 Aug 2017, ISDA SIMM™ IN PYTHON
  47. 31 Jul 2017, Swaps Data Review: CCP and SEF Volumes
  48. 26 Jul 2017, CCP Disclosures 1Q 2017 – What the Data Shows
  49. 18 Jul 2017, June 2017 Swaps Review in 15 Charts
  50. 03 Jul 2017, Swaps Data Review: A Day in the Life of a Swap
  51. 21 Jun 2017, Capital Ratios and Risk Weighted Assets for Tier 1 US Banks
  52. 13 Jun 2017, EU Commission proposes more robust supervision of CCPs
  53. 13 Jun 2017, May 2017 Swaps Review
  54. 07 Jun 2017, Supplementary Leverage Ratio: Comparing US Banks
  55. 30 May 2017, Swaps Data Review: ADV for OTC Derivatives
  56. 24 May 2017, Microservices for Derivatives: What You Need to Know
  57. 15 May 2017, April 2017 Swaps Review
  58. 10 May 2017, CCP Disclosures 4Q 2016 – Trends in the Data
  59. 02 May 2017, Swaps Data: ETD vs OTC, USD IRS, OIS and NDF
  60. 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
  61. 24 Apr 2017, March 2017 Swaps Review
  62. 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
  63. 12 Apr 2017, LCH-Eurex Basis in EUR IR Swaps
  64. 11 Apr 2017, We are expanding in Asia
  65. 10 Apr 2017, Monthly Swap Data review: Libor dominance challenged
  66. 28 Mar 2017, Microservices: FRTB Modellable Risk Factors
  67. 15 Mar 2017, February 2017 Swaps Review
  68. 08 Mar 2017, Basel III Leverage Ratio
  69. 01 Mar 2017, Initial Margin Optimization
  70. 28 Feb 2017, Swaps Data: Volumes rise, CCP Switches Spike
  71. 22 Feb 2017, Capital requirements for exposures to CCPs
  72. 15 Feb 2017, January 2017 Swaps Review
  73. 08 Feb 2017, Canadian Derivatives Public Dissemination
  74. 01 Feb 2017, MIFID II: Transparency Data
  75. 25 Jan 2017, MIFID II: Instrument Reference Data
  76. 18 Jan 2017, CCP Disclosures 3Q 2016 – Trends in the Data
  77. 10 Jan 2017, 2016 SEF Market Share Statistics
  78. 04 Jan 2017, December 2016 Swaps Review
  79. 28 Dec 2016, Clarus Top Blogs of 2016
  80. 21 Dec 2016, SA-CCR: Standardised Approach Counterparty Credit Risk
  81. 13 Dec 2016, FRTB – Modellable Risk Factors and Non-Modellable
  82. 07 Dec 2016, November 2016 Swaps Review
  83. 30 Nov 2016, FRTB SA – Residual Risk AddOn
  84. 27 Nov 2016, FRTB ‐デフォルト・リスク・チャージ
  85. 21 Nov 2016, USD Swap Volumes after Nov 8, 2016
  86. 16 Nov 2016, Margin Buffer, Event Risk and the US Election
  87. 08 Nov 2016, October 2016 Swaps Review
  88. 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
  89. 02 Nov 2016, FRTB – The Default Risk Charge
  90. 26 Oct 2016, Sizing the Margin Buffer for Cleared Swaps
  91. 19 Oct 2016, Microservices and the Amazon Cloud
  92. 12 Oct 2016, September 2016 Swaps Review
  93. 05 Oct 2016, CCP Disclosures 2Q 2016 – Trends in the Data
  94. 28 Sep 2016, Trading Obligation for Derivatives under MiFIR
  95. 21 Sep 2016, ISDA 2016: Implementing Margin Rules for Non-Cleared Swaps
  96. 13 Sep 2016, How large will Initial Margin be for Uncleared Swaps?
  97. 06 Sep 2016, August 2016 Swaps Review
  98. 30 Aug 2016, 非清算商品にかかる証拠金、ISDA SIMMとFRTB SA
  99. 23 Aug 2016, Uncleared Margin, ISDA SIMM and FRTB SA
  100. 08 Aug 2016, July 2016 Swaps Review – MXN Clearing and JPY SEF Compression
  101. 26 Jul 2016, CCP Initial Margin Models – A Comparison
  102. 20 Jul 2016, CCP Disclosures 1Q2016 – Trends in the Data
  103. 12 Jul 2016, June 2016 Swaps Review – Volumes Up 30 to 50%
  104. 05 Jul 2016, Higher Swap Margins after Brexit
  105. 28 Jun 2016, BREXIT – The Impact on Swap Margin
  106. 21 Jun 2016, FRTB – Internal Models or Standardised Approach?
  107. 13 Jun 2016, Fundamental Review of the Trading Book – What You Need to Know
  108. 08 Jun 2016, May 2016 Swaps Review – Volume Down, SEF Compression & AUD OIS Up
  109. 01 Jun 2016, USD OIS Swap Volumes Surge
  110. 24 May 2016, Margin Valuation Adjustment
  111. 18 May 2016, LSE and Deutsche Boerse: What the CCP Disclosures Show
  112. 09 May 2016, April 2016 Swaps Review – LCH-JSCC Basis, Swaptions, AUD OIS
  113. 04 May 2016, ESMA EU-Wide CCP Stress Test Results
  114. 25 Apr 2016, LCH-JSCC Basis: An Update
  115. 18 Apr 2016, LCH-JSCC Basis in JPY Swaps
  116. 18 Apr 2016, LCH-JSCCスプレッド
  117. 12 Apr 2016, CCP Skin in the Game: An Update
  118. 06 Apr 2016, March 2016 Swaps Review
  119. 23 Mar 2016, How Cash is Held by Clearing Houses
  120. 15 Mar 2016, Swaptions Clearing at CME
  121. 08 Mar 2016, US Swaps transparency has yielded numerous benefits
  122. 07 Mar 2016, Japanese version of Feb 2016 Swaps Review
  123. 02 Mar 2016, Feb 2016 Swaps Review – Compression Up, CME-LCH Basis Down, AUD OIS Up
  124. 24 Feb 2016, Comparing CCP Disclosures for CME, ICE, JSCC, LCH
  125. 16 Feb 2016, CPMI-IOSCO Public Disclosure by European CCPs
  126. 10 Feb 2016, MIFID II and Transparency for Bonds: What You Need to Know
  127. 02 Feb 2016, January 2016 Swaps Review – Gains and Losses
  128. 26 Jan 2016, 2015 SEF Market Share Statistics
  129. 12 Jan 2016, Review of 2015 US Swap Volumes in SDRs
  130. 06 Jan 2016, December 2015 Swaps Review
  131. 30 Dec 2015, Our Top Blog Articles of 2015
  132. 15 Dec 2015, Cap and Floor Option Volumes
  133. 15 Dec 2015, Cap Floor のボリューム
  134. 09 Dec 2015, CCP Basis Spreads: What Next?
  135. 02 Dec 2015, November 2015 Swaps Review – CME-LCH Basis Up, LCH Vols Up, SEF Compression Down
  136. 23 Nov 2015, Why the ISDA SIMM methodology is not what I expected
  137. 18 Nov 2015, CME-LCH Basis Spreads Blow Out
  138. 11 Nov 2015, What is the Impact of the ICAP and Tullet Deal?
  139. 03 Nov 2015, CME-LCH Basis Widens Again
  140. 28 Oct 2015, Final US Rules on Margin for Non-Cleared Swaps
  141. 21 Oct 2015, MiFID II and Best Execution for Derivatives
  142. 13 Oct 2015, September 2015 Review – More of the Same
  143. 06 Oct 2015, SEFS in Japan: First Month of ETP Volumes
  144. 05 Oct 2015, MiFID II and the Trading Obligation for Derivatives
  145. 29 Sep 2015, MIFID II and Transparency for Swaps: What You Need to Know
  146. 22 Sep 2015, Basis Swap Volumes
  147. 15 Sep 2015, FX Options Trading On SEFs
  148. 09 Sep 2015, TriOptima Compression at CME
  149. 02 Sep 2015, China’s Black Monday and Volatility of Swap Margin
  150. 24 Aug 2015, Post-Trade Transparency in CDS Index
  151. 17 Aug 2015, USD OIS Swap Volumes
  152. 11 Aug 2015, July 2015 Review – Spreadovers, Butterflys and LCH SwapClear
  153. 22 Jul 2015, Webinar on CME-LCH Basis
  154. 15 Jul 2015, CME-LCH Basis Swaps Volumes Update
  155. 30 Jun 2015, CME and LCH June 2015 Volumes
  156. 29 Jun 2015, CCP Default Management Process and the SwapClear Fire Drill
  157. 16 Jun 2015, LCH Makes Gains vs CME in USD IRS (8-12 Jun 2015)
  158. 10 Jun 2015, CME and LCH: What Happened on May 19 and Jun 2?
  159. 26 May 2015, Hedging the CME-LCH Basis
  160. 20 May 2015, CME-LCH Basis Spread
  161. 12 May 2015, Derivatives Trade Reporting in Australia
  162. 05 May 2015, April 2015 Review – Lower Volumes
  163. 28 Apr 2015, FX NDF Trading On SEFs: April 2015 Update
  164. 20 Apr 2015, Canadian Derivatives Reporting to SDRs
  165. 15 Apr 2015, SEFs in Japan
  166. 01 Apr 2015, SDR Alerts, Terminations and Screen Real Estate
  167. 24 Mar 2015, Compression List Trading On SEFs
  168. 11 Mar 2015, Trade Surveillance in Swaps Trading
  169. 25 Feb 2015, Can SPAN Margin for Futures be higher than HistSim Margin?
  170. 24 Feb 2015, Our Response to the ESMA Consultation
  171. 18 Feb 2015, Inflation Swaps: What the Data Shows
  172. 09 Feb 2015, Portfolio Cross-Margining of Swaps and Futures
  173. 04 Feb 2015, January Volumes in Swaps, Compression To the Fore
  174. 28 Jan 2015, Swaption Volumes in 2014
  175. 21 Jan 2015, Our Top 10 Blogs of 2014
  176. 13 Jan 2015, A Review of 2014 US Swap Volumes
  177. 23 Dec 2014, MXN Interest Rate Swaps
  178. 08 Dec 2014, November Volumes in Interest Rate Swaps
  179. 02 Dec 2014, IR Swap Prices on Reuters, Bloomberg and SDR
  180. 24 Nov 2014, EUR IR Swaps: Huge Spikes in Volumes
  181. 12 Nov 2014, Price Making in Swaps and Sharpening your Axe
  182. 03 Nov 2014, October Volumes in Interest Rate Swaps
  183. 29 Oct 2014, Stress Testing of Initial Margin and Procyclicality post Oct 15th
  184. 21 Oct 2014, Record Volumes On SEFs in September and October
  185. 15 Oct 2014, Why a Margin Forecast is important
  186. 29 Sep 2014, OTC Derivatives Reporting in Japan
  187. 22 Sep 2014, USD MAC Swaps: How Large is the market?
  188. 16 Sep 2014, Forward IRSwaps and Initial Margin
  189. 10 Sep 2014, USD MAC Swaps: A Closer Look
  190. 04 Sep 2014, CME IRS Margin Model Change
  191. 26 Aug 2014, CDSIndex Volumes: A Year to Date Review
  192. 05 Aug 2014, Swaps Compression: Clearing Fees and Margin
  193. 22 Jul 2014, Swaps Compression and Compaction on trueEX and Tradeweb SEFs
  194. 15 Jul 2014, A Six Month Review of Swap volumes
  195. 08 Jul 2014, Oracle $10b Bond Issue, Looking for the Swaps
  196. 30 Jun 2014, LCH-CME Switch Trades and Margin Management
  197. 24 Jun 2014, Why are there so many fintech startups in payments?
  198. 16 Jun 2014, Swap Curve and Butterfly Package trades on Bloomberg SEF
  199. 10 Jun 2014, Interest Rate Swap Prices, D2D vs D2C, is there a difference?
  200. 03 Jun 2014, Interest Rate Swaps, Spot vs Forwards, which is the greater?
  201. 27 May 2014, SEF Package Exemptions, So Far So Good
  202. 20 May 2014, Tick Data for Swaps: What is now available?
  203. 13 May 2014, Bloomberg SDR and SEF: What can we now see?
  204. 12 May 2014, Bloomberg SDR is now live
  205. 07 May 2014, SEF Packages, Swap Curve trades, do we need a new zero?
  206. 05 May 2014, EMIR and CFTC SDR Cross Currency Swap Volumes
  207. 28 Apr 2014, EMIR Trade Reporting and Public Data: What is the Point?
  208. 15 Apr 2014, SEF MAT Week8, USD IRS and EUR IRS
  209. 02 Apr 2014, SEF MAT Week6, USD IRS, Massive Volume in Forwards
  210. 26 Mar 2014, SEF MAT Week 5, USD IRS SEF Vols hit record high and a new leader
  211. 19 Mar 2014, SEF MAT Week 4, IRS Volumes and Spot, Spread, Fwd, MAC
  212. 11 Mar 2014, SEF MAT Week 3, IRS Volumes Up and Up
  213. 05 Mar 2014, CDSIndex On SEF Volumes after MAT
  214. 03 Mar 2014, SDRFix, An Update: On SEF & Cross Currency Swaps
  215. 24 Feb 2014, SEF MAT Week One, What does the data show?
  216. 19 Feb 2014, SEF MAT Feb18 Day2, What does the data show?
  217. 18 Feb 2014, SEF MAT Feb17, What does the SDR data show?
  218. 11 Feb 2014, FX NDFs on SEFs: A more detailed look
  219. 04 Feb 2014, Intra-Day Swap Prices – What Can We See?
  220. 27 Jan 2014, CDSIndex trading on SEF Platforms
  221. 15 Jan 2014, Swaptions trading on SEF platforms
  222. 14 Jan 2014, JSCC and Clearing of Yen Interest Rate Swaps
  223. 07 Jan 2014, FX NDF Trading On SEFs
  224. 16 Dec 2013, 2013, The Year The Swap Market Changed
  225. 12 Dec 2013, Compression, SDR and TrueEx SEF
  226. 10 Dec 2013, Cancel and Replace transactions in SDRView
  227. 04 Dec 2013, Software vendor brings transparency to complex swaps data
  228. 03 Dec 2013, Mexican Peso Interest Rate Swaps
  229. 25 Nov 2013, Swaptions Clearing, A More Detailed Look
  230. 11 Nov 2013, Push, Ping and Charm
  231. 28 Oct 2013, SDRFix, what do we mean when we say transparent?
  232. 22 Oct 2013, Cross Currency Swap trades in Swap Data Repositories
  233. 11 Oct 2013, USD Swap Prices on SEF platforms
  234. 09 Oct 2013, SEF, Oct 2, What happened to EUR IRS trading?
  235. 03 Oct 2013, SEF, Oct 2, What does the SDR data show?
  236. 01 Oct 2013, Client Clearing of IRSwaps, CME and LCH
  237. 25 Sep 2013, SDRFIX, a progress report two weeks after launch
  238. 16 Sep 2013, Mandatory Clearing, Sep 9, a whimper not a bang?
  239. 11 Sep 2013, SDRFIX, a new index for a post-reform world
  240. 04 Sep 2013, Real-time reporting of Swap transactions
  241. 14 Aug 2013, Think Global, Act Local
  242. 13 Aug 2013, SDR View, Capped Notional Changes
  243. 07 Aug 2013, ISDAFIX, Looking for Evidence of Price-manipulation
  244. 01 Aug 2013, SDR, Block Trade Rule, 30 July Update
  245. 15 Jul 2013, USD IRSwap Client Clearing, CME or LCH?
  246. 08 Jul 2013, Swaptions Clearing, why is it important?
  247. 25 Jun 2013, Mandatory Clearing, June 10, Week Two and CME or LCH?
  248. 21 Jun 2013, Swap Data Repository, Block Trade Rule, the Bad News
  249. 17 Jun 2013, Mandatory Clearing, June 10, Week One and YTD
  250. 17 Jun 2013, Competition | June 10 Prediction | The Results
  251. 13 Jun 2013, Mandatory Clearing, June 10, Day 3, Cleared Volumes Rise
  252. 12 Jun 2013, Mandatory Clearing, June 10, the first two days
  253. 11 Jun 2013, Value at Risk, what you should know, overview and detail
  254. 05 Jun 2013, Cleared CDS Index volumes rising ahead of June 10 date
  255. 03 Jun 2013, Mandatory Clearing: Predictions and the Wisdom of Crowds
  256. 27 May 2013, LCH Swapclear Margin, the need for change and the impact
  257. 22 May 2013, Win a Nexus 7, Kindle Fire or Apple iPad mini
  258. 21 May 2013, The Lean StartUp and LinkedIn
  259. 02 May 2013, markit Financial Markets Reform Conference – The Highlights
  260. 25 Apr 2013, Cleared Swap prices versus Bi-lateral Swap prices
  261. 22 Apr 2013, Oracle Cloud Seminar
  262. 09 Apr 2013, OTC Central Clearing: One Month In, What does the Data Show?
  263. 05 Apr 2013, Is a Chart worth a hundred words or more?
  264. 25 Mar 2013, Swaps, actual traded prices and size
  265. 13 Mar 2013, Mandatory clearing, is it really happening?
  266. 01 Mar 2013, Shining a light on derivatives
  267. 12 Feb 2013, Central Counterparty Clearing Workshop
  268. 06 Feb 2013, Business cards, Libor-rigging and Self-Interest
  269. 29 Jan 2013, Accounting with Kashflow
  270. 16 Nov 2012, OTC Derivatives for Fund Management Conference
  271. 22 Sep 2012, CCP Initial Margin for Interest Rate Swaps
  272. 11 Jul 2012, Angel Investing in London – CityMeetsTech