NYX Nyse Euronext

Program trading slid last week on the New York Stock Exchange as overall volume was also down, according to the subsidiary of NYSE Euronext (NYX).

Daily program trading volume in the week ended Jan. 28 was 581.8 million shares, or 26% of the average total of 2.24 billion shares. That compares with 765.9 million shares, or 31% of the average total of 2.47 billion shares a week earlier.

The most active NYSE member firm for program trading last week was Goldman Sachs Group Inc. (GS), followed by Morgan Stanley (MS) and Barclays PLC (BCS, BARC.LN)--a frequent top-three lineup.

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