“Liquidity is the number one concern that we hear from clients about ETF trading in Europe,” Mark Wiedman, global head of iSharesa said in the Financil Times article.
BlackRock calculates that the cross-border structure would help save €200 million, or $261.7 million, a year if 15 to 20 of its iShares ETFs were “euroclearable,” similar to how U.S.-listed ETFs operate.
“In order for the European ETF market to reach $1 trillion in the next three to five years, the entire market ecosystem must become more efficient for investors,” Wiedman added in the Bloomberg article.
For more information on the ETF industry, visit our current affairs category.
Max Chen contributed to this article.