BlackRock, the US asset management giant, and Bloomberg, the news and data vendor, have announced what they say is the “first consolidated view” for European iShares Exchange Traded Funds, thereby helping financial professionals are seeking to handle rapid growth in the ETF sector.

A consolidated view lets investors easily see the best bid/offer prices and where liquidity exists. Bloomberg creates a picture with its European Composite tickers, which aggregate volume and trading data for reported over-the-counter and exchange traded iShares ETFs. The “view” is composed of data from 22 venues in Europe where ETFs are traded.

To illustrate, the iShares FTSE 100 is traded in sterling on five European exchanges and in euros on four European exchanges. To calculate overall volumes traded, an investor previously had to check five different tickers to arrive at a Sterling total and four different tickers for a euro total. Instead, total volume can be viewed on one consolidated ticker for sterling and one consolidated ticker for euros.

As a result, investors can use 517 tickers to view volumes that were previously spread over 1,385 tickers, gaining a snapshot on total liquidity more efficiently.