DOW JONES NEWSWIRES
Program-trading volume surged on the New York Stock Exchange
last week compared with the previous, shortened holiday week and
represented a larger share of total trading activity, according to
the subsidiary of NYSE Euronext (NYX).
Recent overall trading levels have been muted compared with
historical standards. Stocks advanced last week as a string of
positive economic reports cushioned the disappointment over weak
labor-market data on Friday.
Daily program-trading volume last week was 780 million shares,
or 33.9% of the average total of 2.33 billion. That compares with
477.3 million shares, or 29.2% of the average total of 1.63
billion, a week earlier.
The most-active NYSE member firm for program trading last week
was Morgan Stanley (MS), followed by Goldman Sachs Group Inc. (GS)
and Barclays PLC (BCS, BARC.LN).
-By Matt Jarzemsky, Dow Jones Newswires; 212-416-2240;
matthew.jarzemsky@dowjones.com