Program Trading Averaged 27.9 Percent Of NYSE Volume During Oct. 9-13

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 Oct. 9-13.

The data indicated that during Oct. 9-13, program trading amounted to 27.9 percent of NYSE average daily volume of 3,041.8 million shares¹, or 849.7 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 with a total value of $1 million or more. 

For the fourth quarter of 2006, the NYSE’s program-trading report includes profiles of program trading whenever the New York Stock Exchange Composite Index (NYA) moves 160 points or more in a single direction during any one-hour period.  During Oct. 9-13, there were no such periods. 

In all markets, program trading by member firms averaged 1,759.4 million shares a day during Oct. 9-13.  About 48.3 percent of program trading took place on the NYSE, 6.1 percent in non-U.S. markets and 45.7 percent in other domestic markets, including Nasdaq, the American Stock Exchange and regional markets.

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