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 June 30-July 4.
The data indicated that during June 30-July 4, program trading amounted to 24.5 percent of NYSE average daily volume of 4,435.4 million shares1, or 1,084.6 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 3,295.2 million shares a day during June 30-July 4. About 32.9 percent of program trading took place on the NYSE, 0.6 percent in non-U.S. markets and 66.5 percent in other domestic markets, including Nasdaq, the American Stock Exchange and regional markets.
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