Blogs - Actrix Financial Technology

Should People Be Worried About Convexity in Swaps?

March 31, 2026

Chris Barnes

The real second-order risk in swaps is not convexity. It is discounting. When rates move by 50bp, desks start talking…
Read more: Should People Be Worried About Convexity in Swaps?
Proposed rulemaking for U.S. G-SIBs

March 25, 2026

Amir Khwaja

The Federal Reserve Board is asking for comments on proposed rulemaking for the G-SIB surcharge. This article looks at interesting…
Read more: Proposed rulemaking for U.S. G-SIBs
Capital requirements of U.S. Banks set to decrease

March 18, 2026

Amir Khwaja

The Federal Reserve is proposing changes to the Capital requirements of U.S. Banks. In this article I take a deep…
Read more: Capital requirements of U.S. Banks set to decrease
Market Risk Capital of US Banks – 4Q25 Update

March 11, 2026

Amir Khwaja

Commentary and analysis of market risk capital regulatory reports of the six largest U.S. institutions with component contributions, a number…
Read more: Market Risk Capital of US Banks – 4Q25 Update
A first look at Claude in Excel

February 25, 2026

Amir Khwaja

Anthropic’s recent product announcements have caused equity market ructions, so I try Claude in Excel, which offers to change the…
Read more: A first look at Claude in Excel
Mechanics and Definitions of the Front Roll in Cross Currency Swaps

February 23, 2026

Chris Barnes

Funding imbalances between currencies create cross currency basis.The Front Roll is the physical manifestation of that imbalance, anchoring the whole…
Read more: Mechanics and Definitions of the Front Roll in Cross Currency Swaps
Swap Spreads: Why Funding and Issuance Matter More Than Credit

February 10, 2026

Chris Barnes

Mechanics, market structure and the modern economics of swap spreads Trading in Swap Spreads sheds light on new issuance flows…
Read more: Swap Spreads: Why Funding and Issuance Matter More Than Credit
New Issuance Swaps and Pre-Hedging

February 3, 2026

Chris Barnes

Should you use ChatGPT to hedge a new issue? The Financial Markets Standards Board (FMSB) published its “Spotlight Review on…
Read more: New Issuance Swaps and Pre-Hedging
The Buzz around Claude Code

January 28, 2026

Amir Khwaja

Claude Code is attracting a lot of press buzz and industry adoption. In this article I use Claude Code to…
Read more: The Buzz around Claude Code
Mechanics and Definitions of Butterfly Trades in Swap Markets

January 20, 2026

Chris Barnes

A deep-dive into butterfly trades, from curve shape to carry and forward risk. What is a Butterfly Trade? A butterfly…
Read more: Mechanics and Definitions of Butterfly Trades in Swap Markets

Our Market Blogs