YouTube: Markets and COVID-19

The presentation that I gave at the CFTC’s Market Risk Advisory Committee on July 21st is now available to view. The section on Derivatives Markets during COVID-19 is well worth a watch, covering content from ourselves, Bloomberg and Tradeweb. Have a click through to watch it all, and make sure to listen to the closing […]

Clarus at the CFTC

Clarus were invited along to the CFTC’s Market Risk Advisory Committee on July 21st, for which we are very thankful. It was a great session, and we hope provided an opportunity to highlight to all market participants how vital transparency was to the smooth functioning of markets during March 2020. We presented on “Rates OTC […]

Crises and Volatility – Trading Challenges

Over the course of my trading career I have had the ‘opportunity’ to be part of the trading process during market crises, both as a junior trader and as a manager of trading teams. My previous experiences were: 1987 equity crash; 1992 correlation unwinds; 2001 tech bubble burst; and 2008 global financial crisis The one […]

Mechanics of Central Bank FX Swap Lines

We detail the trades required to raise USD from a local central bank, using the Fed USD swap lines. We show that the cost of these USD is substantially below that implied from FX markets. The FX haircuts on non-USD collateral for these operations vary between central banks. The largest amounts outstanding in these USD […]

Clarus Top Blogs of 2019

For my last blog of the year, I will highlight our top blogs of the year. Top New Blogs in 2019 Starting with a ranking of the most popular new blogs that we published in 2019. Mechanics and Definitions of Carry in Swap markets €STR – What you need to know Ameribor – The $1.5bn […]

How do CNBC Stock Pickers Perform?

As year end is upon us, we sometimes like to perform some more lighthearted analysis. Many of you will know that the US financial markets are covered well by cable news network CNBC; and I’ve become a fan of the lunchtime “Halftime Report”.  At the end of each episode, they typically solicit a handful of […]

Derivatives, the Cloud and the source of truth

As a cloud service provider, we are frequently evaluated by a customer’s IT Security who conduct risk assessments on our Software-as-a-Service’s architecture, security and processes.  These assessments are detailed and thorough.  Clarus is not the only innovative cloud vendor doing this, we are one of many. The cloud is happening, and it is happening now. […]

You Like the Clarus Blog, But what do we Sell?

Travelling around Asian financial centres, I frequently meet people that read the Clarus Blog and I often get asked “You have great blog articles and free research but what do you sell?”. In my article today, I will answer this question. First, Some Info Our weekly newsletter gets published, rain or shine, every Wednesday at […]

Enterprise Software Vendor to a Cloud Service

I recently joined Clarus Financial Technology after 15 years of working for one of the premier enterprise software companies in capital markets. My first month has been an eye-opening experience in the stark difference in how cloud vendors operate and what this means for employees and customers. Below is a short summary of what I […]