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NYSE Sees Big Numbers in Program Trading


Posted: 09/29/11

By: tomgrisafi

3138

The New York Stock Exchange, a subsidiary of NYSE Euronext (NYX), today released its weekly program-trading data compiled from member firms’ executed volume from NYSE’s orders database. The report includes trading on the NYSE for Sept. 19-23.

The data indicated that during Sept. 19-23, program trading amounted to 31.0 percent of NYSE average daily volume of 2,434.8 million shares1, or 753.9 million program shares traded per day.

Program trading encompasses a wide range of portfolio-trading strategies involving the purchase or sale of a basket of at least 15 stocks.

Source: NYSE

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