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