program trading

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program trading

Automatic trading of large blocks of stock or other securities based on algorithms that respond to market conditions.

program trader n.

program trading

(Stock Exchange) trading on international stock exchanges using a computer program to exploit differences between stock index futures and actual share prices on world equity markets

pro′gram trad`ing

the use of computer programs that automatically buy and sell large quantities of stock.
pro′gram trad′er, n.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.program trading - a trading technique involving large blocks of stock with trades triggered by computer programs
trading - buying or selling securities or commodities
References in periodicals archive ?
Program trading encompasses a wide range of portfolio-trading strategies involving the purchase or sale of a basket of at least 15 stocks.
NYSE Euronext: KCG) today introduced Knight Global Program Trading to provide institutions in the Americas, Europe and Asia with program trading capabilities combining global equities sales and trading expertise with Knight's multi-market technology and liquidity.
Previous researchers have considered the possible effect of program trading on volatility, a proposition which requires a model for the natural evolution of volatility.
Asked to identify their concerns, respondents most frequently mentioned program trading, volatility, and their feeling that the market was controlled by large institutional investors.
Although program trading has become a catch-allphrase, it usually refers to "arbitrage," which sounds daring but is actually a strtegy that institutional investors can use to lock in risk-free profits by exploiting differnces that develop between the value of teh actual stocks and the futures contract.
The Program Trading Desk will specialize in the trading of equity portfolios leveraging the firm's electronic platform.
Gould played an instrumental part in developing cutting edge program trading and analytic systems as head of the program trading desk at Donaldson, Lufkin, and Jenrette and later with Credit Suisse.
It results largely from a misunderstanding of program trading and the reasons for its rapid growth over the past five years.
With nearly 15 years of experience, Aronstein joins Piper Jaffray from Bank of America where he was previously a principal in electronic trading services and focused on growing the program trading business with North American and European clients.
This means providing program trading, algorithmic trading solutions, direct market access, access to liquidity solutions and sales-trading service but also quantitative research, ETFs and other Delta 1 products.
Of the many types of computer-assisted securities trading, program trading may be the most misunderstood.
Backtesting and automated program trading tools deliver a competitive edge to Active Traders

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