Day Traders Vs Machines......this Blows

Discussion in 'Trading' started by grimer11, Mar 25, 2004.

  1. Dustin


    Can you explain how this hurts your trading?
  2. 1/2 the daily volume is allocated to 14 stocks.
  3. dgmodel

    dgmodel Guest

  4. And where does it say that only 14 stocks were traded?

    These are weekly program trading statistics from the NYSE.
    Why are you so "psyched-out" by the fact that brokers use electronic execution rather than sending the order in and having a $2.00 broker on the NYSE physically execute the order?

  5. In this context, how do they define program trading?

    How do they KNOW its program trading?

    Im I counted as program trading?

    Is this simply all shares which are executed 100%
    electronically without specialist intervention/matching?


  6. saxon


    "Program trading" should not be confused with computerized auto-trading. They are not necessarily the same thing.

    Program Trading: the simultaneous purchase or sale of a minimum of 15 different stocks with a total value of at least $1 million. (Reference: NYSE)

    If you do those kinds of trades, I believe you have to flag them as "program trades". That's how they know.

  7. Read the weekly program trading figures carefully.

    It is only involves trades that are executed by NYSE member firms.

    Are you an NYSE member firm?
  8. Ah were only talking about the real big boys like goldie/nutsacks :D

    Been a while since ive read about program trading.


  9. From the link above.

    Program trading encompasses a wide 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. Program trading is calculated as the sum of the shares bought, sold and sold short in program trades. The total of these shares is divided by total reported volume.

    This is not the only way to measure program trading. Three alternatives for Mar. 8-12 would be to:

    examine buy programs as a percentage of total purchases(20.9 percent);
    examine sell programs as a percentage of total sales (22.5 percent);
    examine program purchases and sales as a percentage of total purchases and sales or twice total volume (21.7 percent);
    #10     Mar 25, 2004