Amir Khwaja


Amir Khwaja

Amir is CEO of Clarus Financial Technology and has more than thirty 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. 14 Nov 2018, ISDA SIMM 2.1 – Are You Ready for Implementation?
  2. 13 Nov 2018, Swaps Data: Cleared vs Non-Cleared Margin
  3. 07 Nov 2018, 15 Million ISINs and Growing
  4. 31 Oct 2018, Oct 2018 Swaps Review in 15 Charts
  5. 23 Oct 2018, CCP Disclosures 2Q 2018 – What the Data Shows
  6. 15 Oct 2018, Swaps Data: Sonia growth spreads down the curve
  7. 09 Oct 2018, Global Swaps Volume and Market Share in Q3 2018
  8. 03 Oct 2018, Should the $8 billion UMR threshold for IM increase to $100 billion?
  9. 26 Sep 2018, Non-Deliverable Swaps Clearing Volumes
  10. 19 Sep 2018, Default at Nasdaq Clearing
  11. 11 Sep 2018, Swaps Data: The race to replace Libor
  12. 05 Sep 2018, MiFID II Best Execution RTS27 – What the Data Shows
  13. 14 Aug 2018, How are Futures on Bitcoin doing?
  14. 07 Aug 2018, More SOFR Swaps are Trading
  15. 01 Aug 2018, Swaps Data: OTC Margin Up, Futures Margin Down
  16. 17 Jul 2018, EUR Swap Volumes by Tenor
  17. 11 Jul 2018, Swaps Data: The Big Get Bigger in Cleared Swaps
  18. 27 Jun 2018, Margin Requirements for Non-cleared Derivatives
  19. 11 Jun 2018, Swaps Data: Anatomy of a Wild Week in USD Swaps
  20. 06 Jun 2018, CCP Margin Calculation
  21. 23 May 2018, Identifiers, Identifiers, Everywhere
  22. 16 May 2018, CCP Basis and Volume in Major Currencies
  23. 08 May 2018, Swaps Data: The Allure of Liquidity
  24. 25 Apr 2018, Mar 2018 SEF Market Share Statistics
  25. 18 Apr 2018, Mar 2018 Swaps Review – SDR Data in 9 Charts
  26. 04 Apr 2018, Swaps Data: A MiFID-shaped hole
  27. 28 Mar 2018, FRTB – Revisions to market risk capital requirements
  28. 12 Mar 2018, Swaps Data: Clearing’s $750 billion funding requirement
  29. 21 Feb 2018, MiFID II – NEX APA Public Trade Data
  30. 20 Feb 2018, Swaps Data: the monopoly effect in clearing
  31. 14 Feb 2018, Entity Netted Notionals – Turning $179 trillion into $15 trillion
  32. 07 Feb 2018, Is Eurex Gaining Share in IRS Clearing?
  33. 30 Jan 2018, 2017 CCP Market Share Statistics
  34. 24 Jan 2018, MiFID II Data – Interest Rate Swaps on D2D Venues
  35. 16 Jan 2018, CCP Disclosures 3Q 2017 – What the Data Shows
  36. 10 Jan 2018, MIFID II – Why ISINs for OTC Derivatives are Bad for Transparency
  37. 03 Jan 2018, 2017 SEF Market Share Statistics
  38. 20 Dec 2017, Clarus Top Blogs of 2017
  39. 12 Dec 2017, Swaps Data Review: FX Options – candidate for a clearing mandate
  40. 06 Dec 2017, Nov 2017 Swaps Review in 16 Charts
  41. 29 Nov 2017, OCC Quarterly Report on Bank Derivatives Activities
  42. 20 Nov 2017, Swaps Data Review: CCP and SEF Volumes Growing
  43. 08 Nov 2017, SA-CCRカリキュレーター
  44. 25 Oct 2017, Sep 2017 Swaps Review in 16 Charts
  45. 18 Oct 2017, SA-CCR Calculator
  46. 16 Oct 2017, Swaps Data Review: Basis Swaps Galore
  47. 16 Oct 2017, 非クリアリング・デリバティブ取引のマージン
  48. 10 Oct 2017, CCP Disclosures 2Q 2017 – What the Data Shows
  49. 04 Oct 2017, MiFID II Bond Transparency Calculations
  50. 27 Sep 2017, Initial Margin Attribution
  51. 20 Sep 2017, Margin for Non-Cleared Derivatives
  52. 12 Sep 2017, MiFID II: Why Research is in the News
  53. 06 Sep 2017, Free Trials, Analytics, Data and More
  54. 04 Sep 2017, Swaps Data Review: Credit Derivative volumes
  55. 30 Aug 2017, FRTB Non-Modellable Risk Factor Analysis
  56. 23 Aug 2017, APRA – Margining for non-centrally cleared derivatives
  57. 16 Aug 2017, Capital and RWA for European Banks
  58. 08 Aug 2017, FRTB – Simplified Standardised Approach
  59. 02 Aug 2017, ISDA SIMM™ IN PYTHON
  60. 31 Jul 2017, Swaps Data Review: CCP and SEF Volumes
  61. 26 Jul 2017, CCP Disclosures 1Q 2017 – What the Data Shows
  62. 18 Jul 2017, June 2017 Swaps Review in 15 Charts
  63. 03 Jul 2017, Swaps Data Review: A Day in the Life of a Swap
  64. 21 Jun 2017, Capital Ratios and Risk Weighted Assets for Tier 1 US Banks
  65. 13 Jun 2017, EU Commission proposes more robust supervision of CCPs
  66. 13 Jun 2017, May 2017 Swaps Review
  67. 07 Jun 2017, Supplementary Leverage Ratio: Comparing US Banks
  68. 30 May 2017, Swaps Data Review: ADV for OTC Derivatives
  69. 24 May 2017, Microservices for Derivatives: What You Need to Know
  70. 15 May 2017, April 2017 Swaps Review
  71. 10 May 2017, CCP Disclosures 4Q 2016 – Trends in the Data
  72. 02 May 2017, Swaps Data: ETD vs OTC, USD IRS, OIS and NDF
  73. 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
  74. 24 Apr 2017, March 2017 Swaps Review
  75. 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
  76. 12 Apr 2017, LCH-Eurex Basis in EUR IR Swaps
  77. 11 Apr 2017, We are expanding in Asia
  78. 10 Apr 2017, Monthly Swap Data review: Libor dominance challenged
  79. 28 Mar 2017, Microservices: FRTB Modellable Risk Factors
  80. 15 Mar 2017, February 2017 Swaps Review
  81. 08 Mar 2017, Basel III Leverage Ratio
  82. 01 Mar 2017, Initial Margin Optimization
  83. 28 Feb 2017, Swaps Data: Volumes rise, CCP Switches Spike
  84. 22 Feb 2017, Capital requirements for exposures to CCPs
  85. 15 Feb 2017, January 2017 Swaps Review
  86. 08 Feb 2017, Canadian Derivatives Public Dissemination
  87. 01 Feb 2017, MIFID II: Transparency Data
  88. 25 Jan 2017, MIFID II: Instrument Reference Data
  89. 18 Jan 2017, CCP Disclosures 3Q 2016 – Trends in the Data
  90. 10 Jan 2017, 2016 SEF Market Share Statistics
  91. 04 Jan 2017, December 2016 Swaps Review
  92. 28 Dec 2016, Clarus Top Blogs of 2016
  93. 21 Dec 2016, SA-CCR: Standardised Approach Counterparty Credit Risk
  94. 13 Dec 2016, FRTB – Modellable Risk Factors and Non-Modellable
  95. 07 Dec 2016, November 2016 Swaps Review
  96. 30 Nov 2016, FRTB SA – Residual Risk AddOn
  97. 27 Nov 2016, FRTB ‐デフォルト・リスク・チャージ
  98. 21 Nov 2016, USD Swap Volumes after Nov 8, 2016
  99. 16 Nov 2016, Margin Buffer, Event Risk and the US Election
  100. 08 Nov 2016, October 2016 Swaps Review
  101. 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
  102. 02 Nov 2016, FRTB – The Default Risk Charge
  103. 26 Oct 2016, Sizing the Margin Buffer for Cleared Swaps
  104. 19 Oct 2016, Microservices and the Amazon Cloud
  105. 12 Oct 2016, September 2016 Swaps Review
  106. 05 Oct 2016, CCP Disclosures 2Q 2016 – Trends in the Data
  107. 28 Sep 2016, Trading Obligation for Derivatives under MiFIR
  108. 21 Sep 2016, ISDA 2016: Implementing Margin Rules for Non-Cleared Swaps
  109. 13 Sep 2016, How large will Initial Margin be for Uncleared Swaps?
  110. 06 Sep 2016, August 2016 Swaps Review
  111. 30 Aug 2016, 非清算商品にかかる証拠金、ISDA SIMMとFRTB SA
  112. 23 Aug 2016, Uncleared Margin, ISDA SIMM and FRTB SA
  113. 08 Aug 2016, July 2016 Swaps Review – MXN Clearing and JPY SEF Compression
  114. 26 Jul 2016, CCP Initial Margin Models – A Comparison
  115. 20 Jul 2016, CCP Disclosures 1Q2016 – Trends in the Data
  116. 12 Jul 2016, June 2016 Swaps Review – Volumes Up 30 to 50%
  117. 05 Jul 2016, Higher Swap Margins after Brexit
  118. 28 Jun 2016, BREXIT – The Impact on Swap Margin
  119. 21 Jun 2016, FRTB – Internal Models or Standardised Approach?
  120. 13 Jun 2016, Fundamental Review of the Trading Book – What You Need to Know
  121. 08 Jun 2016, May 2016 Swaps Review – Volume Down, SEF Compression & AUD OIS Up
  122. 01 Jun 2016, USD OIS Swap Volumes Surge
  123. 24 May 2016, Margin Valuation Adjustment
  124. 18 May 2016, LSE and Deutsche Boerse: What the CCP Disclosures Show
  125. 09 May 2016, April 2016 Swaps Review – LCH-JSCC Basis, Swaptions, AUD OIS
  126. 04 May 2016, ESMA EU-Wide CCP Stress Test Results
  127. 25 Apr 2016, LCH-JSCC Basis: An Update
  128. 18 Apr 2016, LCH-JSCC Basis in JPY Swaps
  129. 18 Apr 2016, LCH-JSCCスプレッド
  130. 12 Apr 2016, CCP Skin in the Game: An Update
  131. 06 Apr 2016, March 2016 Swaps Review
  132. 23 Mar 2016, How Cash is Held by Clearing Houses
  133. 15 Mar 2016, Swaptions Clearing at CME
  134. 08 Mar 2016, US Swaps transparency has yielded numerous benefits
  135. 07 Mar 2016, Japanese version of Feb 2016 Swaps Review
  136. 02 Mar 2016, Feb 2016 Swaps Review – Compression Up, CME-LCH Basis Down, AUD OIS Up
  137. 24 Feb 2016, Comparing CCP Disclosures for CME, ICE, JSCC, LCH
  138. 16 Feb 2016, CPMI-IOSCO Public Disclosure by European CCPs
  139. 10 Feb 2016, MIFID II and Transparency for Bonds: What You Need to Know
  140. 02 Feb 2016, January 2016 Swaps Review – Gains and Losses
  141. 26 Jan 2016, 2015 SEF Market Share Statistics
  142. 12 Jan 2016, Review of 2015 US Swap Volumes in SDRs
  143. 06 Jan 2016, December 2015 Swaps Review
  144. 30 Dec 2015, Our Top Blog Articles of 2015
  145. 15 Dec 2015, Cap and Floor Option Volumes
  146. 15 Dec 2015, Cap Floor のボリューム
  147. 09 Dec 2015, CCP Basis Spreads: What Next?
  148. 02 Dec 2015, November 2015 Swaps Review – CME-LCH Basis Up, LCH Vols Up, SEF Compression Down
  149. 23 Nov 2015, Why the ISDA SIMM methodology is not what I expected
  150. 18 Nov 2015, CME-LCH Basis Spreads Blow Out
  151. 11 Nov 2015, What is the Impact of the ICAP and Tullet Deal?
  152. 03 Nov 2015, CME-LCH Basis Widens Again
  153. 28 Oct 2015, Final US Rules on Margin for Non-Cleared Swaps
  154. 21 Oct 2015, MiFID II and Best Execution for Derivatives
  155. 13 Oct 2015, September 2015 Review – More of the Same
  156. 06 Oct 2015, SEFS in Japan: First Month of ETP Volumes
  157. 05 Oct 2015, MiFID II and the Trading Obligation for Derivatives
  158. 29 Sep 2015, MIFID II and Transparency for Swaps: What You Need to Know
  159. 22 Sep 2015, Basis Swap Volumes
  160. 15 Sep 2015, FX Options Trading On SEFs
  161. 09 Sep 2015, TriOptima Compression at CME
  162. 02 Sep 2015, China’s Black Monday and Volatility of Swap Margin
  163. 24 Aug 2015, Post-Trade Transparency in CDS Index
  164. 17 Aug 2015, USD OIS Swap Volumes
  165. 11 Aug 2015, July 2015 Review – Spreadovers, Butterflys and LCH SwapClear
  166. 22 Jul 2015, Webinar on CME-LCH Basis
  167. 15 Jul 2015, CME-LCH Basis Swaps Volumes Update
  168. 30 Jun 2015, CME and LCH June 2015 Volumes
  169. 29 Jun 2015, CCP Default Management Process and the SwapClear Fire Drill
  170. 16 Jun 2015, LCH Makes Gains vs CME in USD IRS (8-12 Jun 2015)
  171. 10 Jun 2015, CME and LCH: What Happened on May 19 and Jun 2?
  172. 26 May 2015, Hedging the CME-LCH Basis
  173. 20 May 2015, CME-LCH Basis Spread
  174. 12 May 2015, Derivatives Trade Reporting in Australia
  175. 05 May 2015, April 2015 Review – Lower Volumes
  176. 28 Apr 2015, FX NDF Trading On SEFs: April 2015 Update
  177. 20 Apr 2015, Canadian Derivatives Reporting to SDRs
  178. 15 Apr 2015, SEFs in Japan
  179. 01 Apr 2015, SDR Alerts, Terminations and Screen Real Estate
  180. 24 Mar 2015, Compression List Trading On SEFs
  181. 11 Mar 2015, Trade Surveillance in Swaps Trading
  182. 25 Feb 2015, Can SPAN Margin for Futures be higher than HistSim Margin?
  183. 24 Feb 2015, Our Response to the ESMA Consultation
  184. 18 Feb 2015, Inflation Swaps: What the Data Shows
  185. 09 Feb 2015, Portfolio Cross-Margining of Swaps and Futures
  186. 04 Feb 2015, January Volumes in Swaps, Compression To the Fore
  187. 28 Jan 2015, Swaption Volumes in 2014
  188. 21 Jan 2015, Our Top 10 Blogs of 2014
  189. 13 Jan 2015, A Review of 2014 US Swap Volumes
  190. 23 Dec 2014, MXN Interest Rate Swaps
  191. 08 Dec 2014, November Volumes in Interest Rate Swaps
  192. 02 Dec 2014, IR Swap Prices on Reuters, Bloomberg and SDR
  193. 24 Nov 2014, EUR IR Swaps: Huge Spikes in Volumes
  194. 12 Nov 2014, Price Making in Swaps and Sharpening your Axe
  195. 03 Nov 2014, October Volumes in Interest Rate Swaps
  196. 29 Oct 2014, Stress Testing of Initial Margin and Procyclicality post Oct 15th
  197. 21 Oct 2014, Record Volumes On SEFs in September and October
  198. 15 Oct 2014, Why a Margin Forecast is important
  199. 29 Sep 2014, OTC Derivatives Reporting in Japan
  200. 22 Sep 2014, USD MAC Swaps: How Large is the market?
  201. 16 Sep 2014, Forward IRSwaps and Initial Margin
  202. 10 Sep 2014, USD MAC Swaps: A Closer Look
  203. 04 Sep 2014, CME IRS Margin Model Change
  204. 26 Aug 2014, CDSIndex Volumes: A Year to Date Review
  205. 05 Aug 2014, Swaps Compression: Clearing Fees and Margin
  206. 22 Jul 2014, Swaps Compression and Compaction on trueEX and Tradeweb SEFs
  207. 15 Jul 2014, A Six Month Review of Swap volumes
  208. 08 Jul 2014, Oracle $10b Bond Issue, Looking for the Swaps
  209. 30 Jun 2014, LCH-CME Switch Trades and Margin Management
  210. 24 Jun 2014, Why are there so many fintech startups in payments?
  211. 16 Jun 2014, Swap Curve and Butterfly Package trades on Bloomberg SEF
  212. 10 Jun 2014, Interest Rate Swap Prices, D2D vs D2C, is there a difference?
  213. 03 Jun 2014, Interest Rate Swaps, Spot vs Forwards, which is the greater?
  214. 27 May 2014, SEF Package Exemptions, So Far So Good
  215. 20 May 2014, Tick Data for Swaps: What is now available?
  216. 13 May 2014, Bloomberg SDR and SEF: What can we now see?
  217. 12 May 2014, Bloomberg SDR is now live
  218. 07 May 2014, SEF Packages, Swap Curve trades, do we need a new zero?
  219. 05 May 2014, EMIR and CFTC SDR Cross Currency Swap Volumes
  220. 28 Apr 2014, EMIR Trade Reporting and Public Data: What is the Point?
  221. 15 Apr 2014, SEF MAT Week8, USD IRS and EUR IRS
  222. 02 Apr 2014, SEF MAT Week6, USD IRS, Massive Volume in Forwards
  223. 26 Mar 2014, SEF MAT Week 5, USD IRS SEF Vols hit record high and a new leader
  224. 19 Mar 2014, SEF MAT Week 4, IRS Volumes and Spot, Spread, Fwd, MAC
  225. 11 Mar 2014, SEF MAT Week 3, IRS Volumes Up and Up
  226. 05 Mar 2014, CDSIndex On SEF Volumes after MAT
  227. 03 Mar 2014, SDRFix, An Update: On SEF & Cross Currency Swaps
  228. 24 Feb 2014, SEF MAT Week One, What does the data show?
  229. 19 Feb 2014, SEF MAT Feb18 Day2, What does the data show?
  230. 18 Feb 2014, SEF MAT Feb17, What does the SDR data show?
  231. 11 Feb 2014, FX NDFs on SEFs: A more detailed look
  232. 04 Feb 2014, Intra-Day Swap Prices – What Can We See?
  233. 27 Jan 2014, CDSIndex trading on SEF Platforms
  234. 15 Jan 2014, Swaptions trading on SEF platforms
  235. 14 Jan 2014, JSCC and Clearing of Yen Interest Rate Swaps
  236. 07 Jan 2014, FX NDF Trading On SEFs
  237. 16 Dec 2013, 2013, The Year The Swap Market Changed
  238. 12 Dec 2013, Compression, SDR and TrueEx SEF
  239. 10 Dec 2013, Cancel and Replace transactions in SDRView
  240. 04 Dec 2013, Software vendor brings transparency to complex swaps data
  241. 03 Dec 2013, Mexican Peso Interest Rate Swaps
  242. 25 Nov 2013, Swaptions Clearing, A More Detailed Look
  243. 11 Nov 2013, Push, Ping and Charm
  244. 28 Oct 2013, SDRFix, what do we mean when we say transparent?
  245. 22 Oct 2013, Cross Currency Swap trades in Swap Data Repositories
  246. 11 Oct 2013, USD Swap Prices on SEF platforms
  247. 09 Oct 2013, SEF, Oct 2, What happened to EUR IRS trading?
  248. 03 Oct 2013, SEF, Oct 2, What does the SDR data show?
  249. 01 Oct 2013, Client Clearing of IRSwaps, CME and LCH
  250. 25 Sep 2013, SDRFIX, a progress report two weeks after launch
  251. 16 Sep 2013, Mandatory Clearing, Sep 9, a whimper not a bang?
  252. 11 Sep 2013, SDRFIX, a new index for a post-reform world
  253. 04 Sep 2013, Real-time reporting of Swap transactions
  254. 14 Aug 2013, Think Global, Act Local
  255. 13 Aug 2013, SDR View, Capped Notional Changes
  256. 07 Aug 2013, ISDAFIX, Looking for Evidence of Price-manipulation
  257. 01 Aug 2013, SDR, Block Trade Rule, 30 July Update
  258. 15 Jul 2013, USD IRSwap Client Clearing, CME or LCH?
  259. 08 Jul 2013, Swaptions Clearing, why is it important?
  260. 25 Jun 2013, Mandatory Clearing, June 10, Week Two and CME or LCH?
  261. 21 Jun 2013, Swap Data Repository, Block Trade Rule, the Bad News
  262. 17 Jun 2013, Mandatory Clearing, June 10, Week One and YTD
  263. 17 Jun 2013, Competition | June 10 Prediction | The Results
  264. 13 Jun 2013, Mandatory Clearing, June 10, Day 3, Cleared Volumes Rise
  265. 12 Jun 2013, Mandatory Clearing, June 10, the first two days
  266. 11 Jun 2013, Value at Risk, what you should know, overview and detail
  267. 05 Jun 2013, Cleared CDS Index volumes rising ahead of June 10 date
  268. 03 Jun 2013, Mandatory Clearing: Predictions and the Wisdom of Crowds
  269. 27 May 2013, LCH Swapclear Margin, the need for change and the impact
  270. 22 May 2013, Win a Nexus 7, Kindle Fire or Apple iPad mini
  271. 21 May 2013, The Lean StartUp and LinkedIn
  272. 02 May 2013, markit Financial Markets Reform Conference – The Highlights
  273. 25 Apr 2013, Cleared Swap prices versus Bi-lateral Swap prices
  274. 22 Apr 2013, Oracle Cloud Seminar
  275. 09 Apr 2013, OTC Central Clearing: One Month In, What does the Data Show?
  276. 05 Apr 2013, Is a Chart worth a hundred words or more?
  277. 25 Mar 2013, Swaps, actual traded prices and size
  278. 13 Mar 2013, Mandatory clearing, is it really happening?
  279. 01 Mar 2013, Shining a light on derivatives
  280. 12 Feb 2013, Central Counterparty Clearing Workshop
  281. 06 Feb 2013, Business cards, Libor-rigging and Self-Interest
  282. 29 Jan 2013, Accounting with Kashflow
  283. 16 Nov 2012, OTC Derivatives for Fund Management Conference
  284. 22 Sep 2012, CCP Initial Margin for Interest Rate Swaps
  285. 11 Jul 2012, Angel Investing in London – CityMeetsTech