If you would like answers to your questions about program trading then please click here.

Day Trading NASDAQ Firms

Day Trading NASDAQ Firms

Each week, the NYSE says that program trading averages more than 55% of all of the trading done on the stock market.  That is more than one share out of every three shares of stock, that is done by computer assisted trading programs.  So, if you are day trading NASDAQ and online trading stocks or futures, it is probably a good idea for you to start learning a lot more about program trading, index arbitrage, fair value, the premium, and the execution of buy and sell programs.  And it is also a good idea for you to learn just exactly who is doing all of this index arbitrage and program trading on the NYSE and NASDAQ stock market, at exactly what time they are doing it, and with which stocks.

In order to help you learn more, we've listed some of the top program trading and index arbitrage firms below.  We've also included their four letter market maker symbol for NASDAQ, just in case you are online trading stocks on NASDAQ Level II and want to know which NASDAQ market makers you should be watching very closely.  Especially when you see the PREM move a lot.  We pay special attention to the NASDAQ market makers in red.  If you would like to know why, then send us some email and we will answer you promptly.


Goldman Sachs & Co.


Merrill Lynch


Credit Suisse Securities, LLC


Banc of America Securities

UBSS UBS Securities, LLC DBAB Deutsche Bank Securities, Inc.
BCAP Barclays Capital, Inc. JPMS JP Morgan Securities, LLC
NMRA Nomura Securities, Inc. MSCO Morgan Stanley & Co. Inc.


Commerzbank Capital, Inc.


Citigroup Global Markets, Inc.


Latour Trading, LLC


Wells Fargo Securities

SGAS SG Americas Securities, LLC HSBC HSBC Securities


Wedbush Morgan Securities

PRUG Prudential Securities
ABNA ABN AMRO Clearing Chicago


RBC Capital Markets, LLC

MLEN Millenco, LLC CIBC CIBC World Markets Corp.


WG Trading

LYON Calyon Securities, Inc.


Penson Financial Services, Inc.

BNPS BNP Paribas Securities Corp.


BNY Convergex Execution

TWPL Thomas Weisel Partners


Weeden & Company

OCON O'Conner & Company BERN Sanford C. Bernstein & Co., LLC


Intrade, LLC

GUZM Guzman & Company
IBKR Interactive Brokers


Electronic Brokerage, LLC

SUSQ SIG Brokerage LP


Instinet, LLC



Jefferies Execution Services

Now you know who is doing all of this program trading.  In order to find out at exactly what time they are doing it, you will have to do a lot of research.  For most traders, it is a lot easier to just buy our research.

And if you want to know which stocks that they are using, you will have to have a ton of computer equipment and software, good data feeds, and do a lot of research and study.  If you would like to know how we do it, then click here.  If you would like to know what stocks they have been using lately, send us some email with your name and phone number and we will call you with the URL for one of our Program Trading Stock Reports.

Additional information about program trading and index arbitrage, program trading firms, and who else is day trading and online trading stocks on the NYSE stock market and on NASDAQ Level II or stock index futures is available by attending one of our Program Trading Seminars

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