Chris Barnes


Chris Barnes

Chris has over 19 years experience in OTC Derivatives markets. He started out trading Cross Currency Swaps at HSBC in London between 2002 and 2010, before helping to launch Rates Trading at State Street in London (2010-2012). Having relocated to Switzerland, he also served as the Director of Product Development at Gottex.

Chris holds an MA from the University of Cambridge in Natural Sciences, where his dissertation on artificial intelligence was published in 2001.


Posts by chris:

  1. 20 Sep 2022, RFRs are now half of the market
  2. 14 Sep 2022, Here Are 6 Things I learnt after writing 400 blogs
  3. 07 Sep 2022, What is new in GBP Swap Markets?
  4. 30 Aug 2022, Microservices to monitor new Inflation data
  5. 24 Aug 2022, CDS Volumes now $6.6Trn higher than last year
  6. 16 Aug 2022, Do you know what LIBOR cessation has done to volumes?
  7. 10 Aug 2022, SOFR Futures are now bigger than Eurodollars
  8. 03 Aug 2022, Are We In A Summer Lull?
  9. 27 Jul 2022, Cross Currency Volumes head to the moon!
  10. 19 Jul 2022, The latest on RFR Adoption
  11. 28 Jun 2022, Are Inflation Expectations Becoming Entrenched? The Data.
  12. 22 Jun 2022, Did You Know That SACCR Now Makes FX Trading More Expensive?
  13. 15 Jun 2022, SOFR is now over half the market
  14. 14 Jun 2022, Mechanics and Definitions of SA-CCR (Part 3)
  15. 08 Jun 2022, FX Clearing 2022
  16. 30 May 2022, CDS Data Made Simple
  17. 25 May 2022, For the first time, we see over $1Trn in Initial Margin
  18. 10 May 2022, RFR Adoption increases again but markets see lower volumes
  19. 04 May 2022, Most Actives in CDS Trading
  20. 27 Apr 2022, A First Look at Total Return Swaps
  21. 19 Apr 2022, Have You Seen This 60% Decrease In RUB Derivatives?
  22. 13 Apr 2022, Latest Data Shows SOFR Trading Soaring
  23. 05 Apr 2022, Swaption Volumes by Strike Q1 2022
  24. 30 Mar 2022, The First Cross Cryptocurrency Swap?
  25. 23 Mar 2022, STIR Trading Volumes – Will They Recover?
  26. 15 Mar 2022, SOFR Adoption Hits New Highs
  27. 09 Mar 2022, Russia CDS Trades are now showing in SBSDR Data
  28. 02 Mar 2022, RUB Derivatives Are Still Trading
  29. 22 Feb 2022, Mechanics and Definitions of SA-CCR (Part 2)
  30. 15 Feb 2022, What did January teach us about RFR trading?
  31. 09 Feb 2022, Big Volumes In Credit And Inflation Plus European Equivalence
  32. 02 Feb 2022, What is now Trading in RFR Cross Currency Swaps?
  33. 26 Jan 2022, Mechanics and Definitions of SA-CCR (Part 1)
  34. 19 Jan 2022, What Now for SOFR?
  35. 12 Jan 2022, Deciphering the end of LIBOR in the data
  36. 21 Dec 2021, The Latest RFR First Initiative in Cross Currency Swaps
  37. 15 Dec 2021, The $7 Trillion Increase in New RFR Positions
  38. 08 Dec 2021, How Much of the Derivatives Market is Now Cleared? (2021 Edition)
  39. 30 Nov 2021, What is a Consolidated Tape?
  40. 24 Nov 2021, Consolidated Tape: Don’t let perfection be the enemy of good for derivatives
  41. 10 Nov 2021, SOFR First in Swaptions
  42. 03 Nov 2021, Did The Latest USD Move Really Result In Blood On The Street?
  43. 19 Oct 2021, SOFR Now 78% of Interdealer Market
  44. 12 Oct 2021, There Are Now Over 1,000 Clarus Blog Posts!
  45. 06 Oct 2021, Mechanics and Definitions of RFR Cross Currency Swaps
  46. 29 Sep 2021, SACCR Multipliers, Initial Margin and KCCP
  47. 21 Sep 2021, LIVE BLOG: RFR First in Cross Currency Swaps
  48. 15 Sep 2021, RFR trading is now at 50% in CHF and JPY!
  49. 08 Sep 2021, Latest EUR Swaps market share for CCPs and SEFs
  50. 01 Sep 2021, August 2021 – What Happened?
  51. 26 Jul 2021, SOFR First – LIVE Blog
  52. 21 Jul 2021, Clearing Mandates and new Trading Obligations – regulatory change is happening.
  53. 14 Jul 2021, Is RFR Trading Now Ready for Lift-Off?
  54. 07 Jul 2021, What Is The Outlook for Trading Volumes From Here?
  55. 29 Jun 2021, Using the Clarus API to monitor the latest Brexit impacts
  56. 23 Jun 2021, G3 Inflation Swap Volumes are on the up
  57. 14 Jun 2021, 10.7% of New Risk Traded versus an RFR
  58. 07 Jun 2021, JPY TIBOR And RFRs: Is There A New Path?
  59. 01 Jun 2021, CE3 Currencies and Derivatives Clearing
  60. 19 May 2021, New: What caused volumes to decrease in April?
  61. 11 May 2021, JSCC and CME RFR Adoption Indicators
  62. 05 May 2021, Swaption Volumes by Strike Q1 2021
  63. 27 Apr 2021, You Need To See This SEF Liquidity In RFRs Now
  64. 21 Apr 2021, Latest: More EUR Are Trading on-SEF than ever before
  65. 14 Apr 2021, What happened to reduce RFR trading?
  66. 06 Apr 2021, LIBOR LIVE – Is GBP LIBOR now dead in derivatives?
  67. 31 Mar 2021, ESG Basics and Fundamentals in Fixed Income
  68. 24 Mar 2021, The New Status Quo For Derivatives Markets After Brexit
  69. 17 Mar 2021, What’s New in USD Rates?
  70. 10 Mar 2021, SONIA is now the Benchmark Rate in GBP Markets
  71. 03 Mar 2021, Here is what is happening to derivatives market liquidity right now
  72. 24 Feb 2021, What is happening now with negative rates in the UK?
  73. 15 Feb 2021, Did You Know That The New Amount of SOFR Risk Hasn’t Changed for 3 Months?
  74. 09 Feb 2021, US SEFs now have 20-40% of European Derivatives
  75. 03 Feb 2021, Have You Seen This New Idea for Execution Analysis?
  76. 26 Jan 2021, New Brexit Rules Move $4Trn Of Derivatives To The US
  77. 20 Jan 2021, 3 New Fed Fund Charts You Need to See
  78. 12 Jan 2021, Cessation of LIBOR: Why is so much new risk still being transacted?
  79. 06 Jan 2021, Cross Currency Swap Review 2020
  80. 21 Dec 2020, Toxic FRAs, Fallbacks and Single Period Swaps
  81. 14 Dec 2020, RFR Trading November 2020
  82. 09 Dec 2020, GSIBs in 2020
  83. 02 Dec 2020, Will anyone trade LIBOR after 2021?
  84. 01 Dec 2020, Margin Calls Q2 2020
  85. 24 Nov 2020, Anonymous Trading on SEFs
  86. 11 Nov 2020, ISDA-Clarus RFR Indicator: SOFR, So Good
  87. 26 Oct 2020, SONIA Day 2 – LIVE Blog
  88. 16 Oct 2020, SOFR Live Blog
  89. 14 Oct 2020, LCH SOFR Auction Versus The Market
  90. 06 Oct 2020, CME Volumes
  91. 30 Sep 2020, New Block Trading Rules for Derivatives
  92. 23 Sep 2020, Spreadovers vs SOFR
  93. 16 Sep 2020, SOFR Swap Nuances
  94. 10 Sep 2020, RFR Data: Where is the €STR risk?
  95. 07 Sep 2020, SGD Rates: SORA and the Fallback Rate (SOR)
  96. 01 Sep 2020, 40% of the GBP Market Trades Versus SONIA
  97. 26 Aug 2020, US Treasury Quarterly Refunding: Traded Volume Data
  98. 18 Aug 2020, YouTube: Markets and COVID-19
  99. 11 Aug 2020, RFR Data: SOFR Sees Record Risk Traded
  100. 04 Aug 2020, ISDA-Clarus RFR Adoption Indicator Analysis – June 2020
  101. 29 Jul 2020, ISDA-Clarus RFR Adoption Indicator
  102. 27 Jul 2020, €STR Discounting Switch
  103. 22 Jul 2020, Clarus at the CFTC
  104. 15 Jul 2020, Margin Calls During COVID-19
  105. 07 Jul 2020, SONIA Q2 2020 Update
  106. 01 Jul 2020, LIBOR Discontinuation has been Preannounced
  107. 24 Jun 2020, What Is the Total Size of Rates Markets?
  108. 17 Jun 2020, US Treasury Market Volumes During COVID
  109. 10 Jun 2020, What You Need to Know About CNY Swaps
  110. 02 Jun 2020, $300bn FX Swap Rollover
  111. 27 May 2020, Will GBP Interest Rates go negative in the UK?
  112. 19 May 2020, Are USD Rates About to Go Negative?
  113. 12 May 2020, CFTC Block Trading Consultation May 2020
  114. 06 May 2020, How Much Margin? 2019 Edition
  115. 28 Apr 2020, US Treasury Volumes and Market Size
  116. 21 Apr 2020, The GSIB Framework and Window Dressing
  117. 14 Apr 2020, Central Bank Responses to COVID-19: FX Swap Arrangements
  118. 07 Apr 2020, Swap Markets see Record Trading Volumes in response to COVID-19 Market Turmoil
  119. 01 Apr 2020, MIFID II Transparency – Can we get it right this time?
  120. 25 Mar 2020, USD Swap Markets during COVID-19 Pandemic
  121. 20 Mar 2020, Mechanics of Central Bank FX Swap Lines
  122. 18 Mar 2020, Cross Currency Swaps Trading During a Crisis
  123. 17 Mar 2020, Want to know all about Global Systemic Banks? Introducing GSIBView
  124. 11 Mar 2020, Is Transparency Helping Markets Function?
  125. 11 Mar 2020, SONIA Update
  126. 02 Mar 2020, SONIA Day – LIVE Blog
  127. 25 Feb 2020, Block Trades in HKD Derivative Markets
  128. 19 Feb 2020, Trading RFRs
  129. 10 Feb 2020, Block Trading
  130. 04 Feb 2020, Risk Free Rates Trading January 2020
  131. 28 Jan 2020, Will GBP LIBOR stop trading on 2nd March 2020?
  132. 21 Jan 2020, £700bn SONIA Traded on a Single Day
  133. 14 Jan 2020, NOK Rates: What You Need to NOWA
  134. 08 Jan 2020, What You Need to Know about MXN Swaps
  135. 18 Dec 2019, MIFID II Data for Bonds
  136. 11 Dec 2019, Four Trends in Swaps Data 2019
  137. 04 Dec 2019, G-SIB Scores for US Banks
  138. 26 Nov 2019, G-SIB Mechanics and Definitions
  139. 19 Nov 2019, Mechanics and Definitions of ISDA IBOR fallbacks
  140. 12 Nov 2019, SONIA Term Rates – which is best?
  141. 06 Nov 2019, What we need to do to fix MIFID II Data
  142. 22 Oct 2019, What does SOFR volatility mean for LIBOR Fallbacks?
  143. 15 Oct 2019, CAD Rates Markets and CORRA Reform
  144. 09 Oct 2019, NDF Clearing September 2019
  145. 02 Oct 2019, ISDA September 2019 Consultation on Final Parameters
  146. 25 Sep 2019, BIS Triennial Survey 2019
  147. 19 Sep 2019, SOFR Fixed at 5.25%. What happened to the volumes?
  148. 18 Sep 2019, SACCR vs CEM for FX Products
  149. 11 Sep 2019, Four Things to Understand about USD SOFR
  150. 04 Sep 2019, 5 Things That Are Making MIFID II Data Useless
  151. 04 Sep 2019, ESMA: Let’s Get Transparency Right
  152. 28 Aug 2019, SACCR vs CEM Comparisons
  153. 21 Aug 2019, USD Fed Funds and the FHLBs
  154. 30 Jul 2019, CCP Basis – The Cost of Clearing Fragmentation
  155. 09 Jul 2019, USD SOFR Volumes June 2019
  156. 02 Jul 2019, SEK STIBOR Reform
  157. 17 Jun 2019, Mechanics and Definitions of Singapore Benchmark Rates (SGD SOR and SGD SIBOR)
  158. 12 Jun 2019, LIBOR Fallbacks and Uncleared Margin Rules
  159. 04 Jun 2019, LIBOR Fallbacks Again
  160. 28 May 2019, NDF Clearing 2019
  161. 22 May 2019, Current Clearing Rates
  162. 07 May 2019, USD SOFR Volumes April 2019
  163. 30 Apr 2019, Indices are the best way to calculate compound interest
  164. 24 Apr 2019, Ameribor: The $1.5bn Index That You Need to Know About
  165. 17 Apr 2019, MIFID II Transparency Update
  166. 10 Apr 2019, NOK Rates – NIBOR and NOWA
  167. 02 Apr 2019, USD Swap Spreads Review Q1 2019
  168. 26 Mar 2019, €STR – What You Need to Know
  169. 20 Mar 2019, LIBOR Fallbacks – What will the GBP spread be?
  170. 13 Mar 2019, KCCP – Clearing is Getting Cheaper
  171. 04 Mar 2019, Is the Leverage Ratio impacting Swaps Trading?
  172. 27 Feb 2019, Compression Auctions for RFRs
  173. 20 Feb 2019, USD Swaps Market vs Futures Market Size
  174. 12 Feb 2019, What Traded On-SEF in 2018?
  175. 06 Feb 2019, What Traded Off-SEF in 2018?
  176. 24 Jan 2019, JPY Swaps – A Market Overview
  177. 16 Jan 2019, Mechanics and Definitions of Carry in Swap Markets
  178. 09 Jan 2019, ESTER Term Rates
  179. 19 Dec 2018, RFRs – CHF SARON Activity
  180. 12 Dec 2018, What is Left Uncleared in 2018?
  181. 04 Dec 2018, LIBOR Basis Swaps
  182. 27 Nov 2018, RFRs – ISDA announce LIBOR fallback methodology
  183. 20 Nov 2018, RFRs – OIS trades are getting longer!
  184. 07 Nov 2018, SA-CCR for US Banks
  185. 31 Oct 2018, SOFR Swaps – Block Trades and Fannie Mae Issuance
  186. 23 Oct 2018, CLARUS01 Risk Free Rates
  187. 17 Oct 2018, Scandie Swaps
  188. 02 Oct 2018, Cross Currency Basis and Turn of the Year
  189. 18 Sep 2018, ESTER – What You Need To Know
  190. 04 Sep 2018, Mechanics of FRA Risks
  191. 29 Aug 2018, SONIA Term Rates
  192. 22 Aug 2018, LIBOR OIS August 2018 Update
  193. 14 Aug 2018, USD Spreadovers and SEF Market Share
  194. 01 Aug 2018, How much of the swaps market is traded as an OIS?
  195. 25 Jul 2018, LIBOR Fallbacks
  196. 17 Jul 2018, SOFR Swaps Are Trading!
  197. 09 Jul 2018, How Much Data Do We Have?
  198. 05 Jul 2018, FRTB – Basic Approach for CVA
  199. 26 Jun 2018, Benchmark Reform – An EONIA replacement is coming very soon!
  200. 19 Jun 2018, FRTB in Excel
  201. 13 Jun 2018, Settle To Market – What You Need To Know about STM
  202. 05 Jun 2018, FICC Markets Standards
  203. 29 May 2018, MIFID II Data – It’s Finally Good News!
  204. 29 May 2018, Current Exposure Methodology – What You Need To Know
  205. 22 May 2018, NDF Volume Data
  206. 16 May 2018, SOFR – What you need to know
  207. 09 May 2018, Swaps Regulations Are Changing – Part Two, Capital and CCPs
  208. 02 May 2018, Swaps Regulations Are Changing – Part One, SEFs
  209. 25 Apr 2018, OIS Volumes – What is the Trend?
  210. 18 Apr 2018, USD Libor is changing!
  211. 09 Apr 2018, Cross Currency Swaps and Libor-OIS
  212. 04 Apr 2018, LIBOR OIS – March 2018 Update
  213. 27 Mar 2018, MIFID II Data – APA Market Share
  214. 21 Mar 2018, SONIA Market March 2018
  215. 20 Mar 2018, Libor OIS – What is Going On?
  216. 14 Mar 2018, NDF Clearing February 2018
  217. 06 Mar 2018, MIFID II Data – Bond Trading
  218. 27 Feb 2018, All time record volumes in Cross Currency Swaps
  219. 14 Feb 2018, Clarus Daily Briefing
  220. 06 Feb 2018, Tradeweb and Bloomberg MTF Market Share
  221. 31 Jan 2018, Tradeweb APA Data and the Trading Obligation
  222. 24 Jan 2018, Tradeweb MIFID Data – Interest Rate Swaps
  223. 17 Jan 2018, MIFID II Data – Bonds on Bloomberg
  224. 15 Jan 2018, MIFID II Data – $4trn in Compression
  225. 10 Jan 2018, Bloomberg MTF Data – Week One
  226. 04 Jan 2018, MIFID II Data Day Two
  227. 03 Jan 2018, MIFID II Live Blog – The Data
  228. 19 Dec 2017, FSB Survey on Derivatives
  229. 12 Dec 2017, G10 FX NDF Clearing
  230. 05 Dec 2017, LIBOR Reform – Latest Developments
  231. 28 Nov 2017, What is going on in Uncleared Derivative Markets?
  232. 21 Nov 2017, We found the CHF SARON Swaps!
  233. 15 Nov 2017, FX Clearing – the $750bn market that keeps growing
  234. 08 Nov 2017, CHF SARON – What is Going On?
  235. 08 Nov 2017, Bank Ring Fencing – What You Need to Know
  236. 31 Oct 2017, Initial Margin, Compression Volumes and why the time to Optimise is now
  237. 30 Oct 2017, Cross Currency Swap Volumes
  238. 10 Oct 2017, MIFID II – ESMA Finalises the Trading Obligation
  239. 03 Oct 2017, AUD Swap Markets in August 2017
  240. 26 Sep 2017, Libor Reform – What You Need to Know
  241. 20 Sep 2017, Introducing Our Daily Briefing, Direct to your inbox
  242. 12 Sep 2017, ISDA SIMM 2.0 – What You Need to Know
  243. 05 Sep 2017, VM Big Bang – Impact on FX Markets
  244. 30 Aug 2017, MIFID II Transparency will leave us in the dark
  245. 22 Aug 2017, Curve Trading in USD Swaps
  246. 16 Aug 2017, MAC Swap Trading
  247. 16 Aug 2017, Our Response to the ESMA Trading Obligation Consultation
  248. 09 Aug 2017, Array Formulas in Excel
  249. 01 Aug 2017, CCP Disclosures: How much does it cost to run a trading business?
  250. 25 Jul 2017, MIFID II: What Should Transparency Look Like?
  251. 18 Jul 2017, ISDA SIMM For Excel
  252. 12 Jul 2017, MIFID II Transitional Transparency
  253. 05 Jul 2017, GBP Swaps for Dummies
  254. 28 Jun 2017, MIFID II: ESMA Trading Obligation
  255. 20 Jun 2017, NDF Clearing Update
  256. 07 Jun 2017, Clearing Mandates 2017
  257. 31 May 2017, BREXIT: Moving Euro clearing conflicts with G20 Market Reforms
  258. 24 May 2017, CAD Swaps – What Does the Data Show?
  259. 16 May 2017, SONIA Reform – What is Going On?
  260. 09 May 2017, Euribor Reform – What Is Going On?
  261. 03 May 2017, How Big Is The Asset Swap Market?
  262. 18 Apr 2017, Mechanics of Cross Currency Swaps
  263. 05 Apr 2017, ISDA SIMM™ in Excel – Cross Currency Swaps
  264. 29 Mar 2017, The Unintended Consequences of Uncleared Margin Rules
  265. 22 Mar 2017, Fed Rate Hikes Are Reducing The Average Life Of USD Swaps
  266. 13 Mar 2017, SA-CCR – Explaining the Calculations
  267. 07 Mar 2017, NDF Trading After 1st March
  268. 01 Mar 2017, ISDA SIMM™ in Excel – Equity Options
  269. 22 Feb 2017, ISDA SIMM™ in Excel – Equity Derivatives
  270. 14 Feb 2017, FRTB Curvature Risk Charge
  271. 07 Feb 2017, FRTB Vega Risk Charge
  272. 31 Jan 2017, ISDA SIMM™: Concentration Thresholds
  273. 25 Jan 2017, The Average Maturity of Swaps Is Increasing
  274. 18 Jan 2017, VM Big Bang – Analysing CSA Amendments
  275. 11 Jan 2017, What percentage of client trades are cleared?
  276. 03 Jan 2017, Spreadovers
  277. 21 Dec 2016, NDF Volumes – It’s all about Clearing
  278. 14 Dec 2016, ISDA SIMM™ – Swaptions IM in Excel
  279. 06 Dec 2016, ISDA SIMM™ IM Comparisons
  280. 29 Nov 2016, What is the size of the Uncleared IRS Market?
  281. 22 Nov 2016, FRTB – Excel Calculator for the Standardised Approach
  282. 15 Nov 2016, Understanding BIS Derivatives Statistics
  283. 09 Nov 2016, What is a 0x3s FRA?
  284. 02 Nov 2016, BRL NDF Market – 30% of Dealer to Dealer flow is now cleared
  285. 26 Oct 2016, Calculating MVA under ISDA SIMM™
  286. 18 Oct 2016, BIS 2016 FX Data – how much of the NDF market is Cleared?
  287. 11 Oct 2016, BIS 2016 Data and Clearing Mandates
  288. 04 Oct 2016, NDF Clearing – what is trading?
  289. 03 Oct 2016, ISDA SIMM マルチ・カレンシー・ポートフォリオ
  290. 26 Sep 2016, ISDA SIMMをExcelで計算する
  291. 20 Sep 2016, ISDA SIMM™: Multi Currency Portfolios
  292. 07 Sep 2016, ISDA SIMM Excel Calculator
  293. 30 Aug 2016, Cross Currency Swaps – how much margin will they need?
  294. 24 Aug 2016, How much Initial Margin will Uncleared Derivatives require in the first month of trading?
  295. 16 Aug 2016, Compression and SPS in MXN Swaps
  296. 09 Aug 2016, Spreads and Butterflies – what is trading?
  297. 02 Aug 2016, SDR Data via Microservices
  298. 25 Jul 2016, Liquidity Conditions in USD Swaps
  299. 19 Jul 2016, Mechanics and Definitions of Bond Futures
  300. 13 Jul 2016, Will the Bank of England cut rates?
  301. 06 Jul 2016, Mechanics and Definitions of Short Term Interest Rate Futures
  302. 01 Jul 2016, BREXIT – What is Trading?
  303. 20 Jun 2016, Brexit: FX Option and FRA Analysis
  304. 14 Jun 2016, The CFTC’s New Clearing Mandate 2016
  305. 07 Jun 2016, Fed meetings and OIS Volumes
  306. 31 May 2016, Fewer customer trades & more compression. How does a trader make money in a market like this?
  307. 17 May 2016, FVA for Cleared Swaps
  308. 10 May 2016, What’s the average trade size in swap markets?
  309. 04 May 2016, What is Multilateral Netting – FX NDF Clearing
  310. 27 Apr 2016, What’s going on – FX NDF Trading 2016
  311. 20 Apr 2016, CME Invoice Spread Volumes – updated
  312. 13 Apr 2016, CME Compression and CCP Basis
  313. 05 Apr 2016, How to identify the CCP of trades from the SDR data
  314. 30 Mar 2016, Identifying CCP Basis Trades in the SDR
  315. 21 Mar 2016, Swaps Price Data – Painting the full Liquidity Picture
  316. 15 Mar 2016, Liquidity on the Bloomberg SEF
  317. 09 Mar 2016, BREXIT: What do the FX Option volumes tell us?
  318. 01 Mar 2016, Liquidity Variables in the Swaps Market
  319. 23 Feb 2016, Volatility and Trading Volumes in Swap Markets
  320. 17 Feb 2016, Invoice Spread Trading in the New CME Ultra-10 Year Treasury Futures Contract
  321. 09 Feb 2016, CDS – Record Volumes, Expiring Swaptions and Bloomberg
  322. 03 Feb 2016, SDR Prices, Python and plotly
  323. 25 Jan 2016, The Bank of England finds this interesting. So should you!
  324. 20 Jan 2016, Fed Pulse – A New OIS Index
  325. 15 Jan 2016, スワップのコンプレッション
  326. 05 Jan 2016, Fed Surprises in the USD OIS Data
  327. 21 Dec 2015, Fed Surprise Indicators
  328. 16 Dec 2015, Compression in Swaps
  329. 08 Dec 2015, Is that a fair price? Measuring Swap Execution
  330. 01 Dec 2015, SEF Trading on US Holidays
  331. 24 Nov 2015, A sideways look at Swap Spreads
  332. 17 Nov 2015, Is Balance Sheet contraction driving Swap Spreads negative?
  333. 11 Nov 2015, Negative Swap Spreads – Prices and Volume
  334. 09 Nov 2015, October 2015 Swaps Review – Wins for LCH, Trads & Tulletts
  335. 02 Nov 2015, Stop Losses Evident in CDX Price Action
  336. 26 Oct 2015, US Treasuries and Spreadovers – Market Comparisons
  337. 20 Oct 2015, Why trade level reporting is the only reporting that makes sense
  338. 12 Oct 2015, Performance of Block Trades on RFQ Platforms
  339. 07 Oct 2015, Identifying Customer Block Trades in the SDR Data
  340. 28 Sep 2015, AUD Cross Currency Swaps
  341. 23 Sep 2015, What’s the story behind Tradeweb block trading?
  342. 14 Sep 2015, AUD swap market: Concentration risks from the Clearing Mandate
  343. 08 Sep 2015, Is an All-to-All SEF Market about to arrive?
  344. 01 Sep 2015, August 2015 Review – What Summer lull?
  345. 28 Jul 2015, ECB QE and Eonia Swaps
  346. 21 Jul 2015, Is this the scariest chart in 2015 for Swap markets?
  347. 14 Jul 2015, Patterns in the Swaps data
  348. 08 Jul 2015, June 2015 Review – Clients start trading CME-LCH Basis
  349. 01 Jul 2015, CME-LCH Basis: Convexity in Eurodollar Futures
  350. 24 Jun 2015, Liquidity
  351. 17 Jun 2015, Technical Analysis in Swaps
  352. 09 Jun 2015, Volatility and Volumes in Europe
  353. 02 Jun 2015, May 2015 Review – CCP Basis and Increased Client Flows
  354. 26 May 2015, CME-LCH Basis – What does the Term Structure tell us?
  355. 18 May 2015, Mechanics of Asset Swaps and Government Bond Swap Spreads
  356. 11 May 2015, Mechanics and Definitions of Spreadovers (Swap Spreads)
  357. 05 May 2015, BIS and Clarus Data: The $200 trillion reconciliation
  358. 27 Apr 2015, Data Visualisation for Swaps – a Tufte Approach
  359. 21 Apr 2015, What percentage of the market is in the US SDR data?
  360. 15 Apr 2015, March 2015 Review – Bloomberg out in front
  361. 31 Mar 2015, The IMM Roll for Swaps – What is it and what are the volumes?
  362. 23 Mar 2015, Spreadovers: US Treasury Spreads in the Swaps Data
  363. 17 Mar 2015, Cross Currency Swaps: SEFs enjoy QE-fueled volume boost
  364. 10 Mar 2015, Come on, feel the noise!
  365. 03 Mar 2015, February 2015 Review – ICAP vs Bloomberg
  366. 23 Feb 2015, Swap Curve and Fly Trading: What goes in, must come out
  367. 16 Feb 2015, Swap Curve and Fly Trades: A quarter of all trades are not what they first seem
  368. 11 Feb 2015, ECB QE and EMIR Reporting. More transparency please!
  369. 03 Feb 2015, HFT in the Swaps market – it’s a good thing!
  370. 27 Jan 2015, Liquidity in USD Swaps
  371. 20 Jan 2015, FX Options and the Swiss National Bank
  372. 14 Jan 2015, Initial Margin and Swap Pricing
  373. 05 Jan 2015, December Volumes in Interest Rate Swaps
  374. 23 Dec 2014, Margin Games 2014
  375. 16 Dec 2014, Swaps Compression Continued
  376. 08 Dec 2014, Compression in USD Swaps
  377. 02 Dec 2014, USD Swaps Liquidity
  378. 25 Nov 2014, Cross Currency Swap Trends
  379. 18 Nov 2014, AUD Swap Market
  380. 04 Nov 2014, Butterflies and Spreads SEF Market Share
  381. 28 Oct 2014, NDFs and Clearing
  382. 22 Oct 2014, Market Share in the Swaps Market
  383. 16 Oct 2014, Swaps and the Flash Crash 15th October 2014
  384. 14 Oct 2014, Mechanics and Definitions of Spread and Butterfly Swap Packages
  385. 07 Oct 2014, USD Swaps: Spreads and Butterflies Part III
  386. 30 Sep 2014, USD Swaps: Spreads and Butterflies Part II
  387. 24 Sep 2014, USD Swaps: Spreads and Butterflies Part I
  388. 15 Sep 2014, USD IR Swaps Summary Statistics
  389. 09 Sep 2014, ECB Sep 2014 Meeting: EUR IRS Markets React
  390. 02 Sep 2014, ECB September Meeting – Activity versus Price Indicators
  391. 26 Aug 2014, Super Mario’s EONIA Effect
  392. 19 Aug 2014, Hawkeye and Super Slo-Mo for USD Swaps
  393. 11 Aug 2014, Sterling Work: Looking into GBP Swaps
  394. 06 Aug 2014, The Professionals: USD Swaps on Bloomberg SEF
  395. 30 Jul 2014, SONIA’S Mansion House: OIS Swaps on the Up and Up
  396. 22 Jul 2014, Portugal – Banks quibble over Ronaldo’s haircut
  397. 16 Jul 2014, The Land of Make Believe: Euribor and Eonia
  398. 09 Jul 2014, FRA Wars, Episode IV: A New Hope
  399. 01 Jul 2014, The Principals of Swap Trading
  400. 24 Jun 2014, A Voyeur’s Delight: Bond Issuance and Swaps
  401. 18 Jun 2014, ECB June Meeting – Were EUR Swaps Traders at Lunch?