Program Trading, Volume Down On NYSE On Holiday-Shortened Week

15th Jul 2010 15:42

DOW JONES NEWSWIRES Program trading declined last week on NYSE Euronext (NYX) during a shortened week due to the Fourth of July holiday weekend, while volume also dropped. Daily program trading volume average was 717.9 million, or 29.7%, of the average total of 2.41 billion shares changing hands. Those figures were down from 804 million, or 30.2%, of the 2.66 billion average volume posted a week earlier. The most-active NYSE member for program trading was Goldman Sachs Group Inc. (GS). It was followed by Morgan Stanley (MS), Barclays PLC (BCS, BARC.LN) and Wedbush Securities Inc. 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 July 15, 2010 10:42 ET (14:42 GMT)