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Home Markets Stocks Program Trading Averaged 32.3 Percent of NYSE Volume during Apr. 2-6


Program Trading Averaged 32.3 Percent of NYSE Volume during Apr. 2-6
added: 2007-04-16

The New York Stock Exchange released its weekly program-trading data submitted by its member firms. The report includes trading in all markets as reported to the NYSE for Apr. 2-6.

The data indicated that during Apr. 2-6, program trading amounted to 32.3 percent of NYSE average daily volume of 2,994.1 million shares1, or 966.8 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 second 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 Apr. 2-6, there were no such periods.

In all markets, program trading by member firms averaged 2,131.5 million shares a day during Apr. 2-6. About 45.4 percent of program trading took place on the NYSE, 4.6 percent in non-U.S. markets and 50.0 percent in other domestic markets, including Nasdaq, the American Stock Exchange and regional markets.


Source: NYSE

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