Leveraged ETF fallout stalls new market initiatives

Backlash over leveraged exchange-traded funds has the Financial Services Commission treading more cautiously on further capital market reforms, putting two planned market initiatives at risk of delay. The Korea Exchange’s fractional investment market, scheduled to open in November, is increasingly likely to be postponed, according to financial industry sources Tuesday. Nextrade’s plan to begin after-hours ETF trading this year has also stalled. Industry officials said the regulator is reassessin