According to NYSE data released yesterday, things are back to normal in the shady world of NYSE program trading, where after a suspicious lull in the prior week, Goldman Sachs' SLP function (or any other 3 letter acronym of your choosing) has cranked up yet again. Now that the SLP extension has been granted (under the radar), the boys at One New York Plaza can go back to doing what they do best: dominating! (if only NYSE principal program trading in this case).
The chart below is an updated version of the Principal PT comparison among the major brokers. The odd blip is last week where GS' PT dropped markedly as did overall NYSE PT, with the slack being picked up by the other major B/Ds. This week, it seems that everything is normalizing fast.
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Friday, May 15, 2009
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