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Program Trading

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[$] Program Trading
Wall Street Journal  Nov 3  Comment 
Program trading in the week ended Oct. 28 amounted to 32.3% of New York Stock Exchange average daily volume of 2.27 billion shares, or 732.3 million program shares traded per day.
ETF growth to drive Asia program trading - C.Suisse
Reuters  Sep 5  Comment 
The growing use of exchange traded funds as a way to gain access to Asian markets, and heavier activity around index rebalancing is driving growth in program trading in the region according to a report published by Credit Suisse Group AG.
Program Trading
Wall Street Journal  Aug 25  Comment 
Program trading in the week ended Aug. 19 amounted to 32.0% of New York Stock Exchange average daily volume of 2.56 billion shares, or 817.9 million program shares traded per day. This included program trading associated with the Aug. 19 monthly...
Wells Fargo Adds Program Trading as Securities Unit Expands
BusinessWeek  Aug 2  Comment 
Wells Fargo & Co., seeking to earn more from a sales-and-trading business acquired with Wachovia Corp. in 2008, is building a program-trading group to serve institutional and corporate clients.
Program Trading Averaged 36.2 Percent Of NYSE Volume During June 13-17
Mondo Visione  Jun 23  Comment 
The New York Stock Exchange, a subsidiary of NYSE Euronext (NYX), today released its weekly program-trading data compiled from member firms’ executed volume from NYSE’s orders database. The report includes trading on the NYSE for June...
Program Trading Averaged 29.0 Percent Of NYSE Volume During June 6-10
Mondo Visione  Jun 16  Comment 
The New York Stock Exchange, a subsidiary of NYSE Euronext (NYX), today released its weekly program-trading data compiled from member firms’ executed volume from NYSE’s orders database. The report includes trading on the NYSE for June 6-10....
Program Trading Averaged 38.7 Percent Of NYSE Volume During May 31-June 3
Mondo Visione  Jun 9  Comment 
The New York Stock Exchange, a subsidiary of NYSE Euronext (NYX), today released its weekly program-trading data compiled from member firms’ executed volume from NYSE’s orders database. The report includes trading on the NYSE for May 31-June...
Program Trading Averaged 28.9 Percent Of NYSE Volume During May 23-27
Mondo Visione  Jun 3  Comment 
The New York Stock Exchange, a subsidiary of NYSE Euronext (NYX), today released its weekly program-trading data compiled from member firms’ executed volume from NYSE’s orders database. The report includes trading on the NYSE for May...
Program Trading Averaged 28.6 Percent Of NYSE Volume During May 16-20
Mondo Visione  May 26  Comment 
The New York Stock Exchange, a subsidiary of NYSE Euronext (NYX), today released its weekly program-trading data compiled from member firms’ executed volume from NYSE’s orders database. The report includes trading on the NYSE for May 16-20....
Program Trading Averaged 28.2 Percent Of NYSE Volume During May 9-13
Mondo Visione  May 19  Comment 
The New York Stock Exchange, a subsidiary of NYSE Euronext (NYX), today released its weekly program-trading data compiled from member firms’ executed volume from NYSE’s orders database. The report includes trading on the NYSE for May...




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This article is part of WikiProject Definitions. Consider editing to improve it. View articles referencing this definition.
 

Program trading refers to the computerized trading of securities used mainly by institutional investors for large-volume trades. The New York Stock Exchange defines a program trade as:

  • a basket of 15 or more stocks from the S&P 500; or
  • a basket of stocks from the S&P 500 valued at $1 million or more.

Program trades are usually executed when prices sink or rise to a certain predefined level. Because program trading was blamed for the crash of 1987, also known as Black Monday, circuit breakers were implemented to restrict such trades on an exchange for a specified period of time when the market moves up or down by a large number of points during a trading day.

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