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 ?
How embarrassing then that one of their trader whippersnappers put through a program trade at 8.
Harris, Sofianos, and Shapiro (1990) and Neal (1991) find that the price impact of an average program trade is similar to that found for block trades.
A few days after the crash, the Times, on October 26, 1987, wrote, "Each computer is programmed with a |threshold' set of prices, which kicks the program trade into action.
It is not, however, reasonable to call such a utilization of computers in financial trading a program trade.
ReTrac(SM), the first of these datafeeds, provides real-time monitoring of retail executions, while the second datafeed, ProTrac(SM), provides real-time monitoring of program trade executions on the Exchange.
Ault had settled along with others and agreed not to use in the future Strunk and Associates' NSF Fee Enhancement Program trade secrets.
1 The NYSE calculates program trading as the sum of shares bought, sold and sold short in program trades.

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