By Melodie Warner
Program-trading activity and overall volume on the New York
Stock Exchange increased last week, according to data from the NYSE
Euronext (NYX) unit.
For the week ended Sept. 7, daily program-trading volume totaled
452 million shares, making up 32.2% of the average daily trading
volume. A week earlier, program-trading volume totaled 396.9
million shares, making up 34.7% of the average daily trading
volume.
Overall average daily volume totaled 1.4 billion shares, up from
the previous week's 1.14 billion shares.
The most active NYSE-member firm for program trading last week
was Morgan Stanley (MS), followed by Barclays PLC's (BCS, BARC.LN)
Barclays Capital Inc. and Goldman Sachs Group Inc. (GS).
Program trading encompasses a wide range of portfolio-traded
strategies involving the purchase or sale of a basket of at least
15 stocks.
Write to Melodie Warner at melodie.warner@dowjones.com