NYX Nyse Euronext

DOW JONES NEWSWIRES 
 
 

Program trading jumped last week on the NYSE Euronext's (NYX) New York Stock Exchange, as volume surged following the lightly traded holiday week.

The daily average was 741.3 million, or 28.9%, out of the 2.57 billion total shares that changed hands. That is up from the prior week's rate of 26.3%, or 460.6 million of the 1.75 billion shares that traded on average.

The most active NYSE member firms for program trading last week was again Goldman Sachs Group Inc. (GS) at 830.3 million shares for the entire period, followed by Morgan Stanley (MS) at 764 million and Barclays PLC (BCS) at 410.5 million. All three figures were significantly higher than the prior week's trading.

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; john.kell@dowjones.com