Cryptic crossword clue
Switches in strange niche awkwardly placed 12

The most common and most likely answer to this crossword clue is the 12 letter word INTERCHANGES

I've seen this crossword clue in Financial Times
I
N
T
E
R
C
H
A
N
G
E
S

Buddy explains!

The straight part
We know that "Switches" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case switches = interchanges.
The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.
This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.

What does INTERCHANGES mean?

INTERCHANGES noun
  1. An act of interchanging.
  2. A highway junction in which traffic may change from one road to another without crossing a stream of traffic.
  3. A connection between two or more lines, services or modes of transport; a station at which such a connection can be made.
INTERCHANGES verb
  1. To switch (each of two things)
  2. To mutually give and receive (something); to exchange
  3. To swap or change places
  4. To alternate; to intermingle or vary
  5. To act as or carry out an interchange (noun, senses 2, 3).

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