NYSE Program-Trading Activity, Overall Volume, Increased Last Week

By Debbie Cai

Program-trading activity and overall volume on the New York Stock Exchange rose last week, according to data from NYSE Euronext (NYX).

For the week ended Feb. 22, daily program-trading volume totaled 426.1 million shares, making up 26.3% of the average daily-trading volume. In the previous week, program-trading volume totaled 396.6 million shares, which corresponded to 27.4% of the average volume.

Overall average daily volume totaled 1.62 billion shares, up from the prior week's 1.45 billion.

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.'s (GS) Goldman Sachs & Co.

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 Debbie Cai at debbie.cai@dowjones.com

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  02-28-131249ET
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