Program Trading Averaged 17.7% Of NYSE Volume

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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. 27-31.

The data indicated that during Oct. 27-31, program trading amounted to 17.7 percent of NYSE average daily volume of 5,212.1 million shares1 , or 924.7 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 3,290.6 million shares a day during Oct. 27-31. About 28.1 percent of program trading took place on the NYSE, 1.3 percent in non-U.S. markets and 70.6 percent in other domestic markets, including Nasdaq, the American Stock Exchange and regional markets. -- www.nyse.com

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Posted November 14th, 2008 by ruzik_tuzik

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