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% of pre-LIBOR cessation levels.
• FRAs and Basis Swap volumes used to make up over 15% of total volumes pre-LIBOR cessation.
• The fact that volumes have reduced by less than the 15% expected is therefore note-worthy.
• Clarus traded volume data suggests that the SONIA market is healthy, despite the challenging market backdrop.

ION #IONMarkets #ClarusFT #CreditDerivatives #CRD #FXDerivatives #FXD #ClearingHouses #CCPs

Amir Khwaja, CEO, Clarus Financial Technology

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.

Chris Barnes, Senior Vice President, Clarus Financial Technology

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.