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 Oct. 6-10.
The data indicated that during Oct. 6-10, program trading amounted to 16.2 percent of NYSE average daily volume of 7,262.3 million shares1, or 1,177.1 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.
In all markets, program trading by member firms averaged 4,240.6 million shares a day during Oct. 6-10. About 27.8 percent of program trading took place on the NYSE, 1.9 percent in non-U.S. markets and 70.4 percent in other domestic markets, including Nasdaq, the American Stock Exchange and regional markets. -- www.nyse.com
Comment and add to the story without registration, but keep the comments meaningful please. Links are not accepted.
