NYSE Arca exchange glitch hampers trading in popular ETFs

March 31, 2015 9:21 PM

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NEW YORK, March 31 (Reuters) - Intercontinental Exchange Inc's NYSE Arca had a technical glitch on Tuesday that resulted in some of the most popular exchange-traded funds being temporarily unavailable for trading and some investors paying more for stocks than they otherwise may have.

ETFs have exploded in popularity over the past decade, making up 25-30 percent of all trading on U.S. exchanges in recent years, according to a recent Credit Suisse report. The investment vehicles offer exposure to wide ranges of securities, similar to mutual funds, but generally have lower fees and...

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