By Melodie Warner
Program-trading volume activity and overall volume on the New York Stock Exchange increased last week, according to data from NYSE Euronext (>> NYSE Euronext).
For the week ended Feb. 8, daily program-trading volume totaled 396.6 million shares, making up 27.4% of the average daily-trading volume. A week earlier, program-trading volume totaled 362.9 million shares, making up 25.7% of the average daily-trading volume.
Overall average daily volume totaled 1.45 billion shares, up from the previous week's 1.41 billion shares.
The most active NYSE-member firm for program trading last week was Morgan Stanley (>> Morgan Stanley), followed by Barclays PLC's (BCS, BARC.LN) Barclays Capital Inc. and Goldman Sachs Group Inc.'s (>> Goldman Sachs Group, Inc.) Goldman Sachs & Co.
Program trading encompasses a wide range of strategies involving the purchase or sale of a basket of at least 15 stocks.
Write to Melodie Warner at [email protected]