The Wall Street Journal-20080201-Program Trading

来自我不喜欢考试-知识库
跳转到: 导航, 搜索

Return to: The_Wall_Street_Journal-20080201

Program Trading

Full Text (268  words)

NEW YORK -- Program trading in the week ended Jan. 25 amounted to 25.2% of New York Stock Exchange average daily volume of 6.14 billion shares, or 1.55 billion program shares traded per day.

Program trading encompasses a range of portfolio-trading strategies involving the purchase or sale of a basket of at least 15 stocks with a total value of $1 million or more. The program-trading level is buying-and-selling volume as a percent of all NYSE reported volume.

In all markets, program trading by member firms averaged 3.84 billion shares a day during the past week. About 40.3% of program trading took place on the NYSE, 0.7% in non-U.S. markets and 58.9% in other domestic markets, including Nasdaq, the American Stock Exchange and regional markets.

---

NYSE PROGRAM TRADING

Volume in millions of shares in the week ended

Jan. 25, 2008

INDEX DERIVATIVE- OTHER

TOP 15 FIRMS ARBITRAGE RELATED* STRATEGIES TOTAL

Goldman Sachs ..... ..... 914.7 914.7

Lehman Brothers 23.1 ..... 771.8 794.9

Morgan Stanley 26.4 ..... 656.6 683.0

Merrill Lynch ..... ..... 662.7 662.7

Credit Suisse Securities 4.8 ..... 575.6 580.4

UBS Securities, LLC. ..... ..... 374.4 374.4

Bear Stearns 13.1 ..... 356.1 369.2

RBC Capital Markets 89.6 ..... 273.6 363.2

Deutsche Bank Securities 55.1 ..... 282.7 337.8

BNP Paribas Bkrg. Srvs. ..... ..... 253.1 253.1

Banc of America Sec. 8.0 ..... 171.6 179.6

Citigroup Global Markets ..... ..... 135.8 135.8

Jefferies Srvs. 39.6 ..... 43.7 83.3

Schon-EX LLC ..... ..... 68.7 68.7

SG Americas Sec. 5.2 ..... 53.7 58.9

OVERALL TOTAL 284.1 ..... 5908.2 6192.3

*Other derivative-related strategies besides index arbitrage

Source: New York Stock Exchange

个人工具
名字空间

变换
操作
导航
工具
推荐网站
工具箱