NYX Nyse Euronext

   DOW JONES NEWSWIRES 
 

Program-trading volume fell on the New York Stock Exchange last week as overall activity also declined, according to the unit of NYSE Euronext (NYX).

Daily program-trading volume in the week ended July 22 totaled 485.7 million shares, or 28.2% of the average daily total of 1.72 billion. A week earlier, program-trading volume was 583.1 million shares, or 31.1% of the average total of 1.88 billion.

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

Program trading encompasses a wide range of portfolio-trading strategies involving the purchase or sale of a basket of at least 15 stocks.

-By Tess Stynes, Dow Jones Newswires; 212-416-2481; Tess.Stynes@dowjones.com