In this episode, Chris Barnes discusses key takeaways from his blog post "Dollar Rates Overview in 2024," which analyzes 2023 data. The discussion highlights two main points:

Euro swaps have surpassed dollar swaps in volume: This shift is attributed to the transition away from LIBOR in the dollar market, while the Euro market continues to trade with multiple indices.

Overall rates market volume has grown significantly: This growth is partly due to the inclusion of U.S. Treasury bond data, allowing for a more comprehensive comparison across swaps, futures, and cash instruments. While future volume growth is expected to outpace other segments, the overall market is anticipated to see a decrease in 2024 compared to the record highs of 2023.

#ION #IONMarkets #ClarusFT ##EuroSwapsSurpassDollars #LIBORTransitionImpact #USRatesMarketGrowth #TransparencyInMarketData

DollarRatesOverview2024

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.