Program Trading Rose Last Week On NYSE; Volume Declined

24th Jun 2010 22:26

DOW JONES NEWSWIRES Program trading grew last week on the NYSE Euronext's (NYX) New York Stock Exchange, while total volume slid. The daily program trading volume average was 912.6 million, or 34.3% of the average total of 2.66 billion. Those figures were up from 778.7 million, or 26.9% of the 2.89-billion-share average volume posted the prior week. The most active NYSE member for program trading last week was Goldman Sachs Group Inc. (GS). It was followed by Morgan Stanley (MS), Barclays PLC (BCS, BARC.LN) and Deutsche Bank AG (DB, DBK.XE). Program trading encompasses a wide range of portfolio-trading strategies involving the purchase or sale of a basket of at least 15 stocks. -By John Kell, Dow Jones Newswires; 212-416-2480; [email protected] (END) Dow Jones Newswires June 24, 2010 17:26 ET (21:26 GMT)