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 May 27-30.
The data indicated that during May 27-30, program trading amounted to 28.3 percent of NYSE average daily volume of 3,682.6 million shares1, or 1,042.2 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.
In all markets, program trading by member firms averaged 2,814.3 million shares a day during May 27-30. About 37.0 percent of program trading took place on the NYSE, 0.8 percent in non-U.S. markets and 62.2 percent in other domestic markets, including Nasdaq, the American Stock Exchange and regional markets. -- www.nyse.com
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