Episode 35
Quick Takes: Can the UK get transparency right?
February 6th, 2024
11 mins 22 secs
Your Hosts
About this Episode
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 familiar with MIFID II transparency why it doesn't work and why after 15 years after the G20 “commitment” to reform OTC derivative markets, we still have no transparency in Europe. Also, he shares his thoughts on why the US continues to set the gold standard for capital markets.
ION #IONMarkets #ClarusFT #MIFIDII #ClearingMandates #CFA #ConsultationPaperPC2332 #ISINs
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.