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Program Trading Averaged 25.7 Percent of NYSE Volume during May 4-8

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NEW YORK, May 14, 2009 -- 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 May 4-8.

The data indicated that during May 4-8, program trading amounted to 25.7 percent of NYSE average daily volume of 3,741.8 million shares1, or 963.3 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 3,488.1 million shares a day during May 4-8.  About 27.6 percent of program trading took place on the NYSE, 0.6 percent in non-U.S. markets and 71.8 percent in other domestic markets, including Nasdaq, NYSE Amex and regional markets.

                                                               

1 The NYSE calculates program trading as the sum of shares bought, sold and sold short in program trades.  The total of these shares is divided by the sum of shares bought, sold and sold short on the NYSE including its crossing sessions.

 

 



Contact: Jennifer Paz
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