NYX Nyse Euronext

   DOW JONES NEWSWIRES 
 

Program trading declined last week on NYSE Euronext (NYX) during a shortened week due to the Fourth of July holiday weekend, while volume also dropped.

Daily program trading volume average was 717.9 million, or 29.7%, of the average total of 2.41 billion shares changing hands. Those figures were down from 804 million, or 30.2%, of the 2.66 billion average volume posted a week earlier.

The most-active NYSE member for program trading was Goldman Sachs Group Inc. (GS). It was followed by Morgan Stanley (MS), Barclays PLC (BCS, BARC.LN) and Wedbush Securities Inc.

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