NYSE Program-Trading Activity, Overall Volume Rose Last Week

02/22/2013| 11:08am US/Eastern

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   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 melodie.warner@dowjones.com.

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