NYX Nyse Euronext

   DOW JONES NEWSWIRES 
 

Program trading fell last week on the NYSE Euronext's (NYX) New York Stock Exchange after volume surged a week earlier.

The daily average was 579.5 million, or 25.9%, out of the 2.23 billion total shares that changed hands. That is down from the prior week's rate of 28.9%, or 741.3 million of the 2.57 billion shares that traded on average.

The most active NYSE member firm for program trading last week was again Goldman Sachs Group Inc. (GS) at 594.2 million shares for the entire period, followed by Morgan Stanley (MS) at 465.9 million and Deutsche Bank AG (DB) at 259.3 million, which replaced Barclays PLC (BCS) in third place. All three figures were significantly lower 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 Kathy Shwiff, Dow Jones Newswires; 212-416-2357; Kathy.Shwiff@dowjones.com