RT Journal Article
SR Electronic
T1 Challenges for the European ETF Market
JF The Journal of Trading
FD Institutional Investor Journals
SP 66
OP 67
DO 10.3905/jot.2014.9.3.066
VO 9
IS 3
A1 Michael John Lytle
YR 2014
UL https://pm-research.com/content/9/3/66.abstract
AB The European exchange-traded fund (ETF) market continues to grow assets, but liquidity still lags the U.S. ETF market. Fragmentation is the key barrier to higher liquidity and broader market participation. The European market is highly fragmented, with products traded on multiple exchanges. In addition, many trades occur “over the counter” and are not reported on exchange. Real change will require the elimination of some of the structural barriers to a more-liquid market. There are pockets of liquidity, however, where carefully designed products are seeing trading volumes comparable with their U.S.-listed counterparts.TOPICS: Exchange-traded funds and applications, exchanges/markets/clearinghouses, developed