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

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

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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.