Program Trading Galore
11:21pm EDT: NYSE PT report for the week of June 8-12 is out:
GS trading principal to agency/customer faciliation ratio dropped a little bit to a multiple of 4.6x but is still multiples higher than both the second most active program trader and the average ratio of the NYSE. Tyler reported this afternoon that 4 or 5 computers were basically playing ping pong with each other – imagine the net being the VWAP.
11:42pm EDT: Okay, last one for tonight, I promise:
Finally, some early morning reading just to spoil your Friday 😉