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