PT - JOURNAL ARTICLE AU - Michael John Lytle TI - Challenges for the European ETF Market AID - 10.3905/jot.2014.9.3.066 DP - 2014 Jun 30 TA - The Journal of Trading PG - 66--67 VI - 9 IP - 3 4099 - https://pm-research.com/content/9/3/66.short 4100 - https://pm-research.com/content/9/3/66.full 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