By Melodie Warner
Program-trading volume activity and overall volume on the New
York Stock Exchange decreased last week, according to data from
NYSE Euronext (NYX).
For the week ended Nov. 9, daily program-trading volume totaled
413.7 million shares, making up 28.1% of the average daily trading
volume. A week earlier, program-trading volume totaled 551.4
million shares, making up 33% of the average daily trading
volume.
Overall average daily volume totaled 1.47 billion shares, down
from the previous week's 1.67 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 Latour Trading LLC.
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