Futurisation facing headwinds as cleared swaps evolve
Panellists at FIA conference say cleared OTC market is holding off futures challenge
Futurisation of the cleared derivatives market is not taking off – despite its margin advantages – because of a lack of dealer backing, limitations in the futures trading model and the fact that cleared swaps have become more efficient, according to market participants.
"The whole change in the regulatory landscape and clearing has given futures the best opportunity, but it still feels like that is not the way the market is going," said Rob Catterall, co-head of trading at Man AHL. Catterall was
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