August Volume Beating Volume in Flash Crash Month
By Tom Steinert-ThrekeldThe downgrade of U.S. debt may have led to more market volatility than the Flash Crash.
That’s the initial result of comparing the average daily volume of stock trading in August 2011 to the volume in May 2010, when stocks fell nearly 1,000 points at one point in a single day of trading.
The comparison, tallied by agency broker and market structure analyst Rosenblatt Securities, shows average daily volume of 12.5 billion shares traded in trading sessions conducted during the first 15 days of August. By comparison, an average of 12.1 billion shares changed hands each day of trading in May 2010.
That’s the initial result of comparing the average daily volume of stock trading in August 2011 to the volume in May 2010, when stocks fell nearly 1,000 points at one point in a single day of trading.
The comparison, tallied by agency broker and market structure analyst Rosenblatt Securities, shows average daily volume of 12.5 billion shares traded in trading sessions conducted during the first 15 days of August. By comparison, an average of 12.1 billion shares changed hands each day of trading in May 2010.
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