By Ben Fox Rubin
Program-trading activity increased on the New York Stock
Exchange last week as the overall volume rose from a week earlier,
according to the latest data from the NYSE Euronext (NYX) unit.
For the week ended June 1, average daily program-trading volume
totaled 745.9 million shares, making up roughly 38.2% of the
average daily trading volume. A week earlier, program trading
totaled 475.5 million shares, making up about 29.8% of the average
daily trading volume.
For the latest week, average daily total volume was 1.95 billion
shares, up from the prior week's 1.59 billion shares.
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).
Program trading encompasses a wide range of portfolio-trading
strategies involving the purchase or sale of a basket of at least
15 stocks.
Write to Ben Fox Rubin at ben.rubin@dowjones.com