All-to-all liquidity 'is not the panacea' – FIA panel

New trading venues seen as an alternative to dealer liquidity in OTC markets

All-to-all trading has been touted as the cure for dwindling dealer liquidity

All-to-all trading offers limited benefits in over-the-counter markets, according to market-makers and buy-siders speaking at the Futures Industry Association Expo in Chicago on November 5.