The Markets ConversatION Podcast
Quick Takes: Transparency — Where do we go from here?
In this episode of ION Markets Quick Takes, Chris Barnes and Mark Bell discuss transparency in OTC markets. Chris shares how US market transparency has evolved over the last decade,…
The Markets ConversatION Podcast
Quick Takes: €STR volumes and market share, February 2025
In this episode Chris Barnes and Mark Bell discuss the latest trends in €STR Futures and the ongoing market share battle between ICE, Eurex, and CME. Chris highlights significant developments…
The Markets ConversatION Podcast
Quick Takes: CNY swaps — what’s new?
In this episode Chris Barnes and Mark Bell discuss the latest developments in the Chinese swaps market, highlighting the growth of the Chinese Renminbi swaps market, now the seventh largest…
The Markets ConversatION Podcast
Quick Takes: USD rates 2024 review
In this episode Chris Barnes and Mark Bell review the USD rates for 2024. Chris discusses the staggering volume of over one quadrillion dollars in notional equivalent trades across various…
The Markets ConversatION Podcast
Quick Takes: INR Swaps — What’s new?
In this episode Chris Barnes and Mark Bell explore the dynamics of the Indian Rupee (INR) swaps market, the 16th largest in the world. Chris delves into the competitive clearing…
The Markets ConversatION Podcast
Quick Takes: Cross currency swaps review 2024
In this episode Chris Barnes and Mark Bell discuss the latest trends in the cross currency swaps market for 2024. Chris celebrates his 500th blog post on the Clarus blog,…
The Markets ConversatION Podcast
Quick Takes: €STR volumes and market share November 2024
In this episode Chris Barnes and Mark Bell discuss the latest insights from the Clarus blog on €STR futures. Chris highlights key market share statistics from Eurex, ICE and EURIBOR.…
The Markets ConversatION Podcast
Quick Takes: Swaption volumes by strike Q3 2024
In this episode Chris Barnes and Mark Bell discuss the volatility in the Swaptions market during Q3 2024 along with the significance of straddles in trading, and the impact of…
The Markets ConversatION Podcast
Quick Takes: MXN Swaps – What’s new
In this episode Chris Barnes discusses the latest developments in the Mexican peso (MXN) swaps market. Chris discusses the significance of MXN swaps as the eighth largest swaps market globally…
The Markets ConversatION Podcast
Quick Takes – We have new block sizes
On this episode Chris Barnes discusses the latest changes in block sizes as reported on the Clarus blog. Chris delves into the implications of new block size calibrations, which aim…
The Markets ConversatION Podcast
Quick Takes: US election live – What is trading?
On this episode Chris Barnes discusses his recent blog post, “US election live — What is trading?” and explores the complexities of analyzing market behavior amidst political events. The conversation…
The Markets ConversatION Podcast
Quick Takes: EUR rates — What’s new?
In this episode Chris Barnes shares insights from his blog post, “Euro rates — What’s new?” highlighting the Euro swaps market’s growth, now the largest in the world, surpassing dollar…
The Markets ConversatION Podcast
Quick Takes: RFR adoption Q3 2024
In this episode Chris Barnes focuses on the Q3 2024 adoption of Risk-Free Rates (RFRs). He’ll share key takeaways like the 60-70-30 market split, explore the evolving dynamics of SOFR…
The Markets ConversatION Podcast
Quick Takes: Pre-hedging in swaps
In this episode Chris Barnes discusses pre-hedging in swaps with Mark Bell. They explore a recent FICC Markets Standards Board (FMSB) paper that sheds light on this area, emphasizing its…
The Markets ConversatION Podcast
Quick Takes: NDF Clearing – The latest updates
On today’s episode Chris Barnes discusses the evolving landscape of Non-Deliverable Forward (NDF) markets, touching on the significant trends and challenges, including data reconciliation from the CFTC swaps report, the…
The Markets ConversatION Podcast
Many investors are turning to ETFs, crypto, and other new opportunities within derivatives markets. How can your firm participate? Find details on our blog.
On today’s episode Chris Barnes discusses the significant movements in dollar rates, with August 2024 marking a record-breaking month—averaging $1.68 trillion in daily trading volume. Chris and Amir will delve…
The Markets ConversatION Podcast
Quick Takes: What’s new in CCP disclosures — 2Q 2024?
In this episode Amir Khwaja discusses the quarterly disclosures from central counterparties (CCPs), highlighting key metrics like default resources, margin requirements, and liquidity. Amir will explore notable data points and…
The Markets ConversatION Podcast
Quick Takes: Just how bad are trading conditions right now?
In this episode Chris Barnes discusses the volatility that gripped markets in August. He and Amir Khwaja explore the difference between volatile and stressed trading conditions, highlighting record-breaking volumes and…
The Markets ConversatION Podcast
Increase in new derivatives exchanges
Bruce and Stephen will explore how the market is changing with current Exchanges moving into new products and New Exchanges coming to the market. We’ll discuss the benefits to the…
The Markets ConversatION Podcast
Quick Takes: GBP swaps – What’s new?
This week Chris Barnes dives into the latest updates on the GBP swaps market, highlighting key developments such as record volumes in Sterling SONIA futures, the impact of the UK…
The Markets ConversatION Podcast
Quick Takes: RFR adoption Q2 2024
This week Chris discusses the latest insights into Risk-Free Rate (RFR) adoption in Q2 2024. He also dives into the shift from traditional IBOR benchmarks to risk-free rates, highlighting key…
The Markets ConversatION Podcast
Quick Takes: Monitoring of hedge funds
This week Amir discusses the newly released Hedge Fund Monitor by the Office of Financial Research, a tool that brings clarity to the hedge fund sector through 84 detailed charts.…
The Markets ConversatION Podcast
Quick Takes: Swaption volumes by strike Q2 2024
This week Chris discusses swaption volumes and market trends in Q2 2024. He takes us through the latest data on swaption trading, focusing on the impact of recent market volatility…
The Markets ConversatION Podcast
Quick Takes: CAD swaps – what’s new?
This week Chris delves into the latest developments in the CAD swaps market. The discussion centers around the transition from CDOR to CORRA, the complexities and nuances of the Canadian…
The Markets ConversatION Podcast
Quick Takes: 2Q24 CCP volumes and share in IRD
This week Amir discusses focuses on the second quarter of 2024 CCP volumes and market share in interest rate derivatives (IRD). Amir highlights significant trends, such as record-breaking volumes in…
The Markets ConversatION Podcast
Quick Takes: SOFR Options — How healthy is the market?
In this episode, Chris Barnes discusses the health of the SOFR options market. Despite the transition from LIBOR, SOFR options have shown rapid development, nearly reaching the activity levels of…
The Markets ConversatION Podcast
Quick Takes: JPY swap clearing — Why do dealers prefer JSCC?
In this episode, Chris Barnes leads an insightful discussion on JPY swap clearing and the reasons why dealers prefer the Japan Securities Clearing Corporation (JSCC). He also dives into the…
The Markets ConversatION Podcast
Quick Takes: SOFR swap SEF volumes – May 2024
In this episode, Amir Khwaja will explore SOFR swaps SEF volumes for May 2024, examining key trends and insights in one of the largest products traded in the U.S. rates…
The Markets ConversatION Podcast
Quick Takes: What’s new in AUD swaps in 2024?
In this episode, Chris Barnes discusses provides an analysis of the complexities and unique market structures within the Australian dollar swaps market. Despite global trends toward simplifying interest rate indices,…
The Markets ConversatION Podcast
Quick Takes: How much margin? The 2023 edition
In this episode, Chris Barnes discusses the findings from the ISDA margin survey in his post “How Much Margin, The 2023 Edition?” Chris and Amir explore the evolution of uncleared…
The Markets ConversatION Podcast
Retail Revolution: How European brokers plan to counter CFD restrictions
In this episode, we dive into the changing landscape of retail trading in Europe. We’ll explore how regulators are suppressing complex instruments like CFDs, forcing brokers to adapt. This shift…
The Markets ConversatION Podcast
Quick Takes: Most active names in credit derivatives
In this episode, Amir analyzes data from the SEC’s trade repository, highlighting the most active credit default swaps (CDS) for both sovereign and corporate names along with the fluctuating rankings…
The Markets ConversatION Podcast
Quick Takes: All you need to know to avoid the trade execution requirement?
In this episode, Chris discusses a seemingly contradictory blog title, “All You Need to Know to Avoid the Trade Execution Requirement?” and clarifies that Clarus Financial Technology does not recommend…
The Markets ConversatION Podcast
Quick Takes: What’s new in JPY swaps in 2024?
In this episode, Chris Barnes discusses his recent blog post, “What’s New in Yen Swaps in 2024“. The blog post covers four key topics: The end of Yen TIBOR and…
The Markets ConversatION Podcast
Quick Takes: Best practices for variation margin
In this episode, Chris dives into the world of variation margin, an important topic in the derivatives industry. He discusses the challenges of intraday margin calls and the lack of…
The Markets ConversatION Podcast
Quick Takes: Could “enshittification” happen in derivatives markets?
In this episode, Chris Barnes references the FT article that introduced us to “enshittification,” which has no doubt made the rounds of trading floors ever since. Chris will also discuss…
The Markets ConversatION Podcast
Quick Takes: Cross Currency Swaps Review 2023
In this episode, Chris goes solo once again and shares some optimistic stats. Why there are more cross currency swaps traded in 2023 than ever before. How 2023 saw 15%…
The Markets ConversatION Podcast
Quick Takes: Can the UK get transparency right?
In this episode, Chris goes solo to highlight the UK rules for pre- and post-trade transparency that were largely inherited from MIFID II post-Brexit. He will explain to those who are not…
The Markets ConversatION Podcast
Strategic Workforce Development: Talent and Technology
Clearing services firms face a challenging balancing act. For years, talent has been lured away by trading firms, hedge funds, and the sky-high tech salaries. Meanwhile, financial reforms and cost…
The Markets ConversatION Podcast
Quick Takes: What is the latest European plan to onshore rates trading?
In this episode, Chris delves into the factors influencing the European initiative to bring rates trading onshore. He’ll discuss key points, including: Noteworthy surges in volumes for both €STR and…
The Markets ConversatION Podcast
Quick Takes: Our Top Blogs of 2023
In this episode, Amir highlights the most popular blog posts of 2023 and shares a few statistics on their performance. Some highlights include the Top NEW Blogs in 2023, Top…
The Markets ConversatION Podcast
Quick Takes: What You Need to Know About INR Swaps
In this episode, Chris Barnes will briefly explain what you need to know about INR Swaps and how Clarus CCPView allows traders to compare the relative size of INR swap…
The Markets ConversatION Podcast
Quick Takes: Time Series of Swap Prices and Volumes
In this episode, Amir breaks down how to analyze datasets in new and novel ways by showcasing a new feature on the Clarus website called SDRView. SDRView has transaction level…
The Markets ConversatION Podcast
Quick Takes: Term SOFR and BSBY Volumes – October 2023
In this week’s Quick Takes, Amir will discuss will look at the YTD 2023 data trends for Term SOFR and BSBY Volumes and separate Term SOFR (published by CME) from…
The Markets ConversatION Podcast
Quick Takes: Using SACCR to monitor Counterparty Credit Risk
In this week’s Quick Takes, Chris will discuss using SACCR to monitor Counterparty Credit Risk. He’ll discuss the importance of closely monitoring Counterparty Credit Risk for all market participants and…
The Markets ConversatION Podcast
Quick Takes: 3Q23 CCP Volumes and Share in IRD
In this week’s Quick Takes, Amir will discuss Clarus CCPView daily volume and open interest data published by each CCP, which is filtered, normalized and aggregated to allow meaningful comparisons of volumes. He…
The Markets ConversatION Podcast
Quick Takes: The truth about SONIA derivatives liquidity
In this week’s Quick Takes, Chris shares an overview of how Clarus data reveals the truth about SONIA derivatives liquidity GBP Rates derivatives volumes have recently recovered to nearly 90%…
The Markets ConversatION Podcast
The growing opportunity in derivatives clearing
Since the financial crisis of 2008, the FCM market has undergone remarkable transformations, adapting to new regulations, market volatility, and advancements in technology. Our guests today will shed light on…
The Markets ConversatION Podcast
EMS and how to better serve the fixed income market
In this episode we take a deep dive at how Execution Management Systems, or EMS, are adapting to meet the evolving demands of their users, and we discuss EMS challenges…
The Markets ConversatION Podcast
The trading life cycle
In this episode, we discuss how technology has not only transformed the trading life cycle, but has also presented challenges for risk managers. With us to discuss the trading life…
The Markets ConversatION Podcast
SA-CCR and its Impact on Cleared and Uncleared Markets
In this episode, we discuss how the Standardized Approach for Counterparty Credit Risk, or SA-CCR, applies to over the counter derivatives (OTC), exchange-traded derivatives, and FX. Our guests are Amir…
The Markets ConversatION Podcast
The Evolution of Clearing
In this episode, we’ll take a closer look at how banks, firms, and brokers are leveraging technology to manage risk amidst the challenges of inflation, global conflict, and more. Joining…
The Markets ConversatION Podcast
Crypto Derivatives: Part 2
In this episode, we’re following up on the CFTC round table that focused on the proposal by cryptocurrency exchange platform, FTX to bypass FCMs with a direct clearing model. It…
The Markets ConversatION Podcast
Crypto Derivatives
In this episode, we dive into the rapidly evolving world of Crypto currency and its effect on the financial markets, specifically derivatives. We discuss how crypto could affect the derivatives…
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