Firms leaving the uncleared swaps market have nowhere to go
Buy side says cleared or listed products fail to meet their needs
Buy-side firms feel pressure to leave the uncleared derivatives market, but are not finding satisfactory alternatives in the listed space, despite the proliferation of products.
"I was very happy to sit in the over-the-counter world for the whole of my career, and I would continue to carry on sitting in it if it wasn't completely changing. The OTC world was great, because effectively there was what seemed like an infinitely deep, fungible market across whatever product you could be thinking
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