NYSE Euronext reports that NYSE volume reached a new all-time record with nearly 5.2 billion shares traded on June 22, significantly above the previous record of 4.1 billion shares traded on Feb. 27, 2007.
Investors seeking NYSE closing prices facilitated heavy trading at the close resulting in record Crossing Session II volume of almost 1.4 billion shares traded, it reported. The NYSE also achieved new records in both Market on Close orders and Limit on Close orders. Of the record orders executed at the close, there were 141,526 Market on Close orders, compared to the May/June average of 36,920 and 198,145 Limit on Close orders compared to May/June average of 20,364. NYSE Group received nearly 1.6 million orders during the last five minutes of trading.
“We are very pleased with the outstanding performance of our trading systems and operating technology, as evidenced by Friday’s high level of user activity and demand,” said NYSE Group president and co-COO, Duncan Niederauer, in a news release.
“The Russell rebalancing, as well as the heavily-traded Blackstone IPO, for which specialists and brokers ensured a very orderly market from open to close, clearly demonstrated the quality of our marketplace and the viability of automation and human interaction working side-by-side,” he added. ”This record day also underscores the ongoing commitment of our staff, the specialists and brokers, and our member firms to ensure liquidity and operational integrity even in the most active markets, further highlighting the value of a NYSE execution.”
NYSE Group volume reaches new record of 5.2 billion shares traded
NYSE sets records in crossing session volume and orders at the close
- By: James Langton
- June 25, 2007 June 25, 2007
- 14:45