Program Trading Averaged 30.2 Percent of NYSE Volume During Aug. 20-24
The New York Stock Exchange, a subsidiary of NYSE Euronext (NYX), released its weekly program-trading data compiled from member firms’ executed volume from NYSE’s orders database. The report includes trading on the NYSE for Aug. 20-24.
The data indicated that during Aug. 20-24, program trading amounted to 30.2 percent of NYSE average daily volume of 1,177.4 million shares1, or 355.7 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.