NYSE Stocks
Program Trading Averaged 33.9 Percent of NYSE Volume
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Sep 22, 2007 - 3:52:20 PM

Program Trading Averaged 33.9 Percent of NYSE Volume during Sept. 10-14

undefined undefined The New York Stock Exchange released its weekly program-trading data submitted by its member firms.  The report includes trading in all markets as reported to the NYSE for Sept. 10-14.

The data indicated that during Sept. 10-14, program trading amounted to 33.9 percent of NYSE average daily volume of 2,641.4 million shares, or 896.0 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. 

For the third quarter of 2007, the NYSE’s program-trading report includes profiles of program trading whenever the New York Stock Exchange Composite Index (NYA) moves 190 points or more in a single direction during any one-hour period.  During Sept. 10-14, there were no such periods. 

In all markets, program trading by member firms averaged 2,004.3 million shares a day during Sept. 10-14.  About 44.7 percent of program trading took place on the NYSE, 1.0 percent in non-U.S. markets and 54.3 percent in other domestic markets, including Nasdaq, the American Stock Exchange and regional markets.  

The New York Stock Exchange also announced that it processed new 30-minute and 60-minute trading volume records for the first hour of trading.

Background on NYSE Group volume records:
In August, NYSE Group once again processed more transactions than any other U.S. exchange group with a total of 74.9 billion shares traded and 82.8 billion shares handled during the month.   August’s record trading volumes and message traffic highs produced the three most active weeks and seven of the top ten most active days in NYSE Group history.