NYX Nyse Euronext

   DOW JONES NEWSWIRES 
 

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

The daily program-trading volume average was 543 million shares, or 21.7% of the average total volume of 2.5 billion shares. Those figures were down from 597.6 million, or 24% of the 2.52 billion-share average volume, posted the previous week.

The most active NYSE member firm for program trading was Morgan Stanley (MS), followed by Goldman Sachs Group Inc. (GS). Barclays PLC (BCS, BARC.LN) was next, followed by Deutsche Bank AG (DB, DBK.XE).

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