NYX Nyse Euronext

   DOW JONES NEWSWIRES 
 

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

The daily program-trading volume average was 578.8 million shares, or 27.9% of the average total volume of 2.07 billion shares. Those figures were up from 512 million shares, or 24.2% of the 2.11 billion-share average volume, posted the previous week.

The most active NYSE member firm for program trading last week was Morgan Stanley (MS), followed closely by Goldman Sachs Group Inc. (GS), which typically tops the list. Barclays PLC (BCS, BARC.LN) came in a distant third.

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