Move to faster stock settlement creates unique hurdles for ETF market

The move to next-day settlement for trading in U.S. securities on Tuesday will require exchange-traded funds (ETFs) and the marketmakers to juggle multiple jurisdictional requirements and capital needs, market participants said.

U.S. trading moves to a shorter settlement on Tuesday, which regulators hope will reduce risk and improve efficiency in the world’s largest markets, but is expected to temporarily increase transaction failure for