NYX Nyse Euronext

   DOW JONES NEWSWIRES 
 

Program trading rose last week on the NYSE Euronext's (NYX) New York Stock Exchange as volume surged.

The daily average was 1.13 billion, or 32.5%, out of the 3.48 billion total shares that changed hands. That is up from the prior week's rate of 25.9%, or 579.5 million of the 2.23 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 1.05 billion shares for the entire period, followed by Morgan Stanley (MS) at 793.6 million and Deutsche Bank AG (DB) at 587.9 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 Kathy Shwiff, Dow Jones Newswires; 212-416-2357; Kathy.Shwiff@dowjones.com