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. 17 Apr 2019, CPMI-IOSCO Quantitative Disclosures 4Q 2018
  2. 10 Apr 2019, Swaps Data: Cleared Volumes and CCP Market Share
  3. 27 Mar 2019, Incentives for Central Clearing and the Evolution of OTC Derivatives
  4. 12 Mar 2019, Swaps Data: SOFR Swaps slip, Futures flip
  5. 26 Feb 2019, FRTB Risk Factor Eligibility Test (RFET)
  6. 11 Feb 2019, Swaps Data: SOFR volume and margin insights
  7. 29 Jan 2019, 2018 CCP Market Share Statistics
  8. 23 Jan 2019, Clearing House Disclosures 3Q 2018 – Some Surprises
  9. 15 Jan 2019, 2018 SEF Statistics – LatAm and Asia
  10. 09 Jan 2019, 2018 SEF Market Share Statistics
  11. 02 Jan 2019, Clarus Blogs in 2018: What has been popular?
  12. 19 Dec 2018, Swaps Data: Volumes Up amid Volatility
  13. 12 Dec 2018, Eurex Swap Volumes On the Up
  14. 14 Nov 2018, ISDA SIMM 2.1 – Are You Ready for Implementation?
  15. 13 Nov 2018, Swaps Data: Cleared vs Non-Cleared Margin
  16. 07 Nov 2018, 15 Million ISINs and Growing
  17. 31 Oct 2018, Oct 2018 Swaps Review in 15 Charts
  18. 23 Oct 2018, CCP Disclosures 2Q 2018 – What the Data Shows
  19. 15 Oct 2018, Swaps Data: Sonia growth spreads down the curve
  20. 09 Oct 2018, Global Swaps Volume and Market Share in Q3 2018
  21. 03 Oct 2018, Should the $8 billion UMR threshold for IM increase to $100 billion?
  22. 26 Sep 2018, Non-Deliverable Swaps Clearing Volumes
  23. 19 Sep 2018, Default at Nasdaq Clearing
  24. 11 Sep 2018, Swaps Data: The race to replace Libor
  25. 05 Sep 2018, MiFID II Best Execution RTS27 – What the Data Shows
  26. 14 Aug 2018, How are Futures on Bitcoin doing?
  27. 07 Aug 2018, More SOFR Swaps are Trading
  28. 01 Aug 2018, Swaps Data: OTC Margin Up, Futures Margin Down
  29. 17 Jul 2018, EUR Swap Volumes by Tenor
  30. 11 Jul 2018, Swaps Data: The Big Get Bigger in Cleared Swaps
  31. 27 Jun 2018, Margin Requirements for Non-cleared Derivatives
  32. 11 Jun 2018, Swaps Data: Anatomy of a Wild Week in USD Swaps
  33. 06 Jun 2018, CCP Margin Calculation
  34. 23 May 2018, Identifiers, Identifiers, Everywhere
  35. 16 May 2018, CCP Basis and Volume in Major Currencies
  36. 08 May 2018, Swaps Data: The Allure of Liquidity
  37. 25 Apr 2018, Mar 2018 SEF Market Share Statistics
  38. 18 Apr 2018, Mar 2018 Swaps Review – SDR Data in 9 Charts
  39. 04 Apr 2018, Swaps Data: A MiFID-shaped hole
  40. 28 Mar 2018, FRTB – Revisions to market risk capital requirements
  41. 12 Mar 2018, Swaps Data: Clearing’s $750 billion funding requirement
  42. 21 Feb 2018, MiFID II – NEX APA Public Trade Data
  43. 20 Feb 2018, Swaps Data: the monopoly effect in clearing
  44. 14 Feb 2018, Entity Netted Notionals – Turning $179 trillion into $15 trillion
  45. 07 Feb 2018, Is Eurex Gaining Share in IRS Clearing?
  46. 30 Jan 2018, 2017 CCP Market Share Statistics
  47. 24 Jan 2018, MiFID II Data – Interest Rate Swaps on D2D Venues
  48. 16 Jan 2018, CCP Disclosures 3Q 2017 – What the Data Shows
  49. 10 Jan 2018, MIFID II – Why ISINs for OTC Derivatives are Bad for Transparency
  50. 03 Jan 2018, 2017 SEF Market Share Statistics
  51. 20 Dec 2017, Clarus Top Blogs of 2017
  52. 12 Dec 2017, Swaps Data Review: FX Options – candidate for a clearing mandate
  53. 06 Dec 2017, Nov 2017 Swaps Review in 16 Charts
  54. 29 Nov 2017, OCC Quarterly Report on Bank Derivatives Activities
  55. 20 Nov 2017, Swaps Data Review: CCP and SEF Volumes Growing
  56. 08 Nov 2017, SA-CCRカリキュレーター
  57. 25 Oct 2017, Sep 2017 Swaps Review in 16 Charts
  58. 18 Oct 2017, SA-CCR Calculator
  59. 16 Oct 2017, Swaps Data Review: Basis Swaps Galore
  60. 16 Oct 2017, 非クリアリング・デリバティブ取引のマージン
  61. 10 Oct 2017, CCP Disclosures 2Q 2017 – What the Data Shows
  62. 04 Oct 2017, MiFID II Bond Transparency Calculations
  63. 27 Sep 2017, Initial Margin Attribution
  64. 20 Sep 2017, Margin for Non-Cleared Derivatives
  65. 12 Sep 2017, MiFID II: Why Research is in the News
  66. 06 Sep 2017, Free Trials, Analytics, Data and More
  67. 04 Sep 2017, Swaps Data Review: Credit Derivative volumes
  68. 30 Aug 2017, FRTB Non-Modellable Risk Factor Analysis
  69. 23 Aug 2017, APRA – Margining for non-centrally cleared derivatives
  70. 16 Aug 2017, Capital and RWA for European Banks
  71. 08 Aug 2017, FRTB – Simplified Standardised Approach
  72. 02 Aug 2017, ISDA SIMM™ IN PYTHON
  73. 31 Jul 2017, Swaps Data Review: CCP and SEF Volumes
  74. 26 Jul 2017, CCP Disclosures 1Q 2017 – What the Data Shows
  75. 18 Jul 2017, June 2017 Swaps Review in 15 Charts
  76. 03 Jul 2017, Swaps Data Review: A Day in the Life of a Swap
  77. 21 Jun 2017, Capital Ratios and Risk Weighted Assets for Tier 1 US Banks
  78. 13 Jun 2017, EU Commission proposes more robust supervision of CCPs
  79. 13 Jun 2017, May 2017 Swaps Review
  80. 07 Jun 2017, Supplementary Leverage Ratio: Comparing US Banks
  81. 30 May 2017, Swaps Data Review: ADV for OTC Derivatives
  82. 24 May 2017, Microservices for Derivatives: What You Need to Know
  83. 15 May 2017, April 2017 Swaps Review
  84. 10 May 2017, CCP Disclosures 4Q 2016 – Trends in the Data
  85. 02 May 2017, Swaps Data: ETD vs OTC, USD IRS, OIS and NDF
  86. 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
  87. 24 Apr 2017, March 2017 Swaps Review
  88. 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
  89. 12 Apr 2017, LCH-Eurex Basis in EUR IR Swaps
  90. 11 Apr 2017, We are expanding in Asia
  91. 10 Apr 2017, Monthly Swap Data review: Libor dominance challenged
  92. 28 Mar 2017, Microservices: FRTB Modellable Risk Factors
  93. 15 Mar 2017, February 2017 Swaps Review
  94. 08 Mar 2017, Basel III Leverage Ratio
  95. 01 Mar 2017, Initial Margin Optimization
  96. 28 Feb 2017, Swaps Data: Volumes rise, CCP Switches Spike
  97. 22 Feb 2017, Capital requirements for exposures to CCPs
  98. 15 Feb 2017, January 2017 Swaps Review
  99. 08 Feb 2017, Canadian Derivatives Public Dissemination
  100. 01 Feb 2017, MIFID II: Transparency Data
  101. 25 Jan 2017, MIFID II: Instrument Reference Data
  102. 18 Jan 2017, CCP Disclosures 3Q 2016 – Trends in the Data
  103. 10 Jan 2017, 2016 SEF Market Share Statistics
  104. 04 Jan 2017, December 2016 Swaps Review
  105. 28 Dec 2016, Clarus Top Blogs of 2016
  106. 21 Dec 2016, SA-CCR: Standardised Approach Counterparty Credit Risk
  107. 13 Dec 2016, FRTB – Modellable Risk Factors and Non-Modellable
  108. 07 Dec 2016, November 2016 Swaps Review
  109. 30 Nov 2016, FRTB SA – Residual Risk AddOn
  110. 27 Nov 2016, FRTB ‐デフォルト・リスク・チャージ
  111. 21 Nov 2016, USD Swap Volumes after Nov 8, 2016
  112. 16 Nov 2016, Margin Buffer, Event Risk and the US Election
  113. 08 Nov 2016, October 2016 Swaps Review
  114. 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
  115. 02 Nov 2016, FRTB – The Default Risk Charge
  116. 26 Oct 2016, Sizing the Margin Buffer for Cleared Swaps
  117. 19 Oct 2016, Microservices and the Amazon Cloud
  118. 12 Oct 2016, September 2016 Swaps Review
  119. 05 Oct 2016, CCP Disclosures 2Q 2016 – Trends in the Data
  120. 28 Sep 2016, Trading Obligation for Derivatives under MiFIR
  121. 21 Sep 2016, ISDA 2016: Implementing Margin Rules for Non-Cleared Swaps
  122. 13 Sep 2016, How large will Initial Margin be for Uncleared Swaps?
  123. 06 Sep 2016, August 2016 Swaps Review
  124. 30 Aug 2016, 非清算商品にかかる証拠金、ISDA SIMMとFRTB SA
  125. 23 Aug 2016, Uncleared Margin, ISDA SIMM and FRTB SA
  126. 08 Aug 2016, July 2016 Swaps Review – MXN Clearing and JPY SEF Compression
  127. 26 Jul 2016, CCP Initial Margin Models – A Comparison
  128. 20 Jul 2016, CCP Disclosures 1Q2016 – Trends in the Data
  129. 12 Jul 2016, June 2016 Swaps Review – Volumes Up 30 to 50%
  130. 05 Jul 2016, Higher Swap Margins after Brexit
  131. 28 Jun 2016, BREXIT – The Impact on Swap Margin
  132. 21 Jun 2016, FRTB – Internal Models or Standardised Approach?
  133. 13 Jun 2016, Fundamental Review of the Trading Book – What You Need to Know
  134. 08 Jun 2016, May 2016 Swaps Review – Volume Down, SEF Compression & AUD OIS Up
  135. 01 Jun 2016, USD OIS Swap Volumes Surge
  136. 24 May 2016, Margin Valuation Adjustment
  137. 18 May 2016, LSE and Deutsche Boerse: What the CCP Disclosures Show
  138. 09 May 2016, April 2016 Swaps Review – LCH-JSCC Basis, Swaptions, AUD OIS
  139. 04 May 2016, ESMA EU-Wide CCP Stress Test Results
  140. 25 Apr 2016, LCH-JSCC Basis: An Update
  141. 18 Apr 2016, LCH-JSCC Basis in JPY Swaps
  142. 18 Apr 2016, LCH-JSCCスプレッド
  143. 12 Apr 2016, CCP Skin in the Game: An Update
  144. 06 Apr 2016, March 2016 Swaps Review
  145. 23 Mar 2016, How Cash is Held by Clearing Houses
  146. 15 Mar 2016, Swaptions Clearing at CME
  147. 08 Mar 2016, US Swaps transparency has yielded numerous benefits
  148. 07 Mar 2016, Japanese version of Feb 2016 Swaps Review
  149. 02 Mar 2016, Feb 2016 Swaps Review – Compression Up, CME-LCH Basis Down, AUD OIS Up
  150. 24 Feb 2016, Comparing CCP Disclosures for CME, ICE, JSCC, LCH
  151. 16 Feb 2016, CPMI-IOSCO Public Disclosure by European CCPs
  152. 10 Feb 2016, MIFID II and Transparency for Bonds: What You Need to Know
  153. 02 Feb 2016, January 2016 Swaps Review – Gains and Losses
  154. 26 Jan 2016, 2015 SEF Market Share Statistics
  155. 12 Jan 2016, Review of 2015 US Swap Volumes in SDRs
  156. 06 Jan 2016, December 2015 Swaps Review
  157. 30 Dec 2015, Our Top Blog Articles of 2015
  158. 15 Dec 2015, Cap and Floor Option Volumes
  159. 15 Dec 2015, Cap Floor のボリューム
  160. 09 Dec 2015, CCP Basis Spreads: What Next?
  161. 02 Dec 2015, November 2015 Swaps Review – CME-LCH Basis Up, LCH Vols Up, SEF Compression Down
  162. 23 Nov 2015, Why the ISDA SIMM methodology is not what I expected
  163. 18 Nov 2015, CME-LCH Basis Spreads Blow Out
  164. 11 Nov 2015, What is the Impact of the ICAP and Tullet Deal?
  165. 03 Nov 2015, CME-LCH Basis Widens Again
  166. 28 Oct 2015, Final US Rules on Margin for Non-Cleared Swaps
  167. 21 Oct 2015, MiFID II and Best Execution for Derivatives
  168. 13 Oct 2015, September 2015 Review – More of the Same
  169. 06 Oct 2015, SEFS in Japan: First Month of ETP Volumes
  170. 05 Oct 2015, MiFID II and the Trading Obligation for Derivatives
  171. 29 Sep 2015, MIFID II and Transparency for Swaps: What You Need to Know
  172. 22 Sep 2015, Basis Swap Volumes
  173. 15 Sep 2015, FX Options Trading On SEFs
  174. 09 Sep 2015, TriOptima Compression at CME
  175. 02 Sep 2015, China’s Black Monday and Volatility of Swap Margin
  176. 24 Aug 2015, Post-Trade Transparency in CDS Index
  177. 17 Aug 2015, USD OIS Swap Volumes
  178. 11 Aug 2015, July 2015 Review – Spreadovers, Butterflys and LCH SwapClear
  179. 22 Jul 2015, Webinar on CME-LCH Basis
  180. 15 Jul 2015, CME-LCH Basis Swaps Volumes Update
  181. 30 Jun 2015, CME and LCH June 2015 Volumes
  182. 29 Jun 2015, CCP Default Management Process and the SwapClear Fire Drill
  183. 16 Jun 2015, LCH Makes Gains vs CME in USD IRS (8-12 Jun 2015)
  184. 10 Jun 2015, CME and LCH: What Happened on May 19 and Jun 2?
  185. 26 May 2015, Hedging the CME-LCH Basis
  186. 20 May 2015, CME-LCH Basis Spread
  187. 12 May 2015, Derivatives Trade Reporting in Australia
  188. 05 May 2015, April 2015 Review – Lower Volumes
  189. 28 Apr 2015, FX NDF Trading On SEFs: April 2015 Update
  190. 20 Apr 2015, Canadian Derivatives Reporting to SDRs
  191. 15 Apr 2015, SEFs in Japan
  192. 01 Apr 2015, SDR Alerts, Terminations and Screen Real Estate
  193. 24 Mar 2015, Compression List Trading On SEFs
  194. 11 Mar 2015, Trade Surveillance in Swaps Trading
  195. 25 Feb 2015, Can SPAN Margin for Futures be higher than HistSim Margin?
  196. 24 Feb 2015, Our Response to the ESMA Consultation
  197. 18 Feb 2015, Inflation Swaps: What the Data Shows
  198. 09 Feb 2015, Portfolio Cross-Margining of Swaps and Futures
  199. 04 Feb 2015, January Volumes in Swaps, Compression To the Fore
  200. 28 Jan 2015, Swaption Volumes in 2014
  201. 21 Jan 2015, Our Top 10 Blogs of 2014
  202. 13 Jan 2015, A Review of 2014 US Swap Volumes
  203. 23 Dec 2014, MXN Interest Rate Swaps
  204. 08 Dec 2014, November Volumes in Interest Rate Swaps
  205. 02 Dec 2014, IR Swap Prices on Reuters, Bloomberg and SDR
  206. 24 Nov 2014, EUR IR Swaps: Huge Spikes in Volumes
  207. 12 Nov 2014, Price Making in Swaps and Sharpening your Axe
  208. 03 Nov 2014, October Volumes in Interest Rate Swaps
  209. 29 Oct 2014, Stress Testing of Initial Margin and Procyclicality post Oct 15th
  210. 21 Oct 2014, Record Volumes On SEFs in September and October
  211. 15 Oct 2014, Why a Margin Forecast is important
  212. 29 Sep 2014, OTC Derivatives Reporting in Japan
  213. 22 Sep 2014, USD MAC Swaps: How Large is the market?
  214. 16 Sep 2014, Forward IRSwaps and Initial Margin
  215. 10 Sep 2014, USD MAC Swaps: A Closer Look
  216. 04 Sep 2014, CME IRS Margin Model Change
  217. 26 Aug 2014, CDSIndex Volumes: A Year to Date Review
  218. 05 Aug 2014, Swaps Compression: Clearing Fees and Margin
  219. 22 Jul 2014, Swaps Compression and Compaction on trueEX and Tradeweb SEFs
  220. 15 Jul 2014, A Six Month Review of Swap volumes
  221. 08 Jul 2014, Oracle $10b Bond Issue, Looking for the Swaps
  222. 30 Jun 2014, LCH-CME Switch Trades and Margin Management
  223. 24 Jun 2014, Why are there so many fintech startups in payments?
  224. 16 Jun 2014, Swap Curve and Butterfly Package trades on Bloomberg SEF
  225. 10 Jun 2014, Interest Rate Swap Prices, D2D vs D2C, is there a difference?
  226. 03 Jun 2014, Interest Rate Swaps, Spot vs Forwards, which is the greater?
  227. 27 May 2014, SEF Package Exemptions, So Far So Good
  228. 20 May 2014, Tick Data for Swaps: What is now available?
  229. 13 May 2014, Bloomberg SDR and SEF: What can we now see?
  230. 12 May 2014, Bloomberg SDR is now live
  231. 07 May 2014, SEF Packages, Swap Curve trades, do we need a new zero?
  232. 05 May 2014, EMIR and CFTC SDR Cross Currency Swap Volumes
  233. 28 Apr 2014, EMIR Trade Reporting and Public Data: What is the Point?
  234. 15 Apr 2014, SEF MAT Week8, USD IRS and EUR IRS
  235. 02 Apr 2014, SEF MAT Week6, USD IRS, Massive Volume in Forwards
  236. 26 Mar 2014, SEF MAT Week 5, USD IRS SEF Vols hit record high and a new leader
  237. 19 Mar 2014, SEF MAT Week 4, IRS Volumes and Spot, Spread, Fwd, MAC
  238. 11 Mar 2014, SEF MAT Week 3, IRS Volumes Up and Up
  239. 05 Mar 2014, CDSIndex On SEF Volumes after MAT
  240. 03 Mar 2014, SDRFix, An Update: On SEF & Cross Currency Swaps
  241. 24 Feb 2014, SEF MAT Week One, What does the data show?
  242. 19 Feb 2014, SEF MAT Feb18 Day2, What does the data show?
  243. 18 Feb 2014, SEF MAT Feb17, What does the SDR data show?
  244. 11 Feb 2014, FX NDFs on SEFs: A more detailed look
  245. 04 Feb 2014, Intra-Day Swap Prices – What Can We See?
  246. 27 Jan 2014, CDSIndex trading on SEF Platforms
  247. 15 Jan 2014, Swaptions trading on SEF platforms
  248. 14 Jan 2014, JSCC and Clearing of Yen Interest Rate Swaps
  249. 07 Jan 2014, FX NDF Trading On SEFs
  250. 16 Dec 2013, 2013, The Year The Swap Market Changed
  251. 12 Dec 2013, Compression, SDR and TrueEx SEF
  252. 10 Dec 2013, Cancel and Replace transactions in SDRView
  253. 04 Dec 2013, Software vendor brings transparency to complex swaps data
  254. 03 Dec 2013, Mexican Peso Interest Rate Swaps
  255. 25 Nov 2013, Swaptions Clearing, A More Detailed Look
  256. 11 Nov 2013, Push, Ping and Charm
  257. 28 Oct 2013, SDRFix, what do we mean when we say transparent?
  258. 22 Oct 2013, Cross Currency Swap trades in Swap Data Repositories
  259. 11 Oct 2013, USD Swap Prices on SEF platforms
  260. 09 Oct 2013, SEF, Oct 2, What happened to EUR IRS trading?
  261. 03 Oct 2013, SEF, Oct 2, What does the SDR data show?
  262. 01 Oct 2013, Client Clearing of IRSwaps, CME and LCH
  263. 25 Sep 2013, SDRFIX, a progress report two weeks after launch
  264. 16 Sep 2013, Mandatory Clearing, Sep 9, a whimper not a bang?
  265. 11 Sep 2013, SDRFIX, a new index for a post-reform world
  266. 04 Sep 2013, Real-time reporting of Swap transactions
  267. 14 Aug 2013, Think Global, Act Local
  268. 13 Aug 2013, SDR View, Capped Notional Changes
  269. 07 Aug 2013, ISDAFIX, Looking for Evidence of Price-manipulation
  270. 01 Aug 2013, SDR, Block Trade Rule, 30 July Update
  271. 15 Jul 2013, USD IRSwap Client Clearing, CME or LCH?
  272. 08 Jul 2013, Swaptions Clearing, why is it important?
  273. 25 Jun 2013, Mandatory Clearing, June 10, Week Two and CME or LCH?
  274. 21 Jun 2013, Swap Data Repository, Block Trade Rule, the Bad News
  275. 17 Jun 2013, Mandatory Clearing, June 10, Week One and YTD
  276. 17 Jun 2013, Competition | June 10 Prediction | The Results
  277. 13 Jun 2013, Mandatory Clearing, June 10, Day 3, Cleared Volumes Rise
  278. 12 Jun 2013, Mandatory Clearing, June 10, the first two days
  279. 11 Jun 2013, Value at Risk, what you should know, overview and detail
  280. 05 Jun 2013, Cleared CDS Index volumes rising ahead of June 10 date
  281. 03 Jun 2013, Mandatory Clearing: Predictions and the Wisdom of Crowds
  282. 27 May 2013, LCH Swapclear Margin, the need for change and the impact
  283. 22 May 2013, Win a Nexus 7, Kindle Fire or Apple iPad mini
  284. 21 May 2013, The Lean StartUp and LinkedIn
  285. 02 May 2013, markit Financial Markets Reform Conference – The Highlights
  286. 25 Apr 2013, Cleared Swap prices versus Bi-lateral Swap prices
  287. 22 Apr 2013, Oracle Cloud Seminar
  288. 09 Apr 2013, OTC Central Clearing: One Month In, What does the Data Show?
  289. 05 Apr 2013, Is a Chart worth a hundred words or more?
  290. 25 Mar 2013, Swaps, actual traded prices and size
  291. 13 Mar 2013, Mandatory clearing, is it really happening?
  292. 01 Mar 2013, Shining a light on derivatives
  293. 12 Feb 2013, Central Counterparty Clearing Workshop
  294. 06 Feb 2013, Business cards, Libor-rigging and Self-Interest
  295. 29 Jan 2013, Accounting with Kashflow
  296. 16 Nov 2012, OTC Derivatives for Fund Management Conference
  297. 22 Sep 2012, CCP Initial Margin for Interest Rate Swaps
  298. 11 Jul 2012, Angel Investing in London – CityMeetsTech