The New York Stock Exchange, a subsidiary of NYSE Euronext (NYX), 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 Sept. 8-12.
The data indicated that during Sept. 8-12, program trading amounted to 17.8 percent of NYSE average daily volume of 5,432.8 million shares1, or 965.8 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.
In all markets, program trading by member firms averaged 3,349.0 million shares a day during Sept. 8-12. About 28.8 percent of program trading took place on the NYSE, 0.5 percent in non-U.S. markets and 70.7 percent in other domestic markets, including Nasdaq, the American Stock Exchange and regional markets. -- www.nyse.com
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