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Home Markets Stocks Program Trading Averaged 28.9 Percent of NYSE Volume during Oct. 23-27


Program Trading Averaged 28.9 Percent of NYSE Volume during Oct. 23-27
added: 2006-11-03

The New York Stock Exchange today released its weekly program-trading data submitted by its member firms. The report includes trading in all markets as reported to the NYSE for Oct. 23-27.

The data indicated that during Oct. 23-27, program trading amounted to 28.9 percent of NYSE average daily volume of 3,466.0 million shares1, or 1,000.1 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 with a total value of $1 million or more.

For the fourth quarter of 2006, the NYSE’s program-trading report includes profiles of program trading whenever the New York Stock Exchange Composite Index (NYA) moves 160 points or more in a single direction during any one-hour period. During Oct. 23-27, there were no such periods.

In all markets, program trading by member firms averaged 2,294.5 million shares a day during Oct. 23-27. About 43.6 percent of program trading took place on the NYSE, 14.6 percent in non-U.S. markets and 41.8 percent in other domestic markets, including Nasdaq, the American Stock Exchange and regional markets.


Source: NYSE

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