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Home Markets Stocks Program Trading Averaged 31.5 Percent of NYSE Volume during Jan. 2-5


Program Trading Averaged 31.5 Percent of NYSE Volume during Jan. 2-5
added: 2007-01-12

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 Jan. 2-5.

The data indicated that during Jan. 2-5, program trading amounted to 31.5 percent of NYSE average daily volume of 3,856.6 million shares1, or 1,215.2 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 first quarter of 2007, the NYSE’s program-trading report includes profiles of program trading whenever the New York Stock Exchange Composite Index (NYA) moves 180 points or more in a single direction during any one-hour period. During Jan. 2-5, there were no such periods.

In all markets, program trading by member firms averaged 2,962.4 million shares a day during Jan. 2-5. About 41.0 percent of program trading took place on the NYSE, 12.6 percent in non-U.S. markets and 46.4 percent in other domestic markets, including Nasdaq, the American Stock Exchange and regional markets.


Source: NYSE

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