Financial Market Risk

In the first 5 min (9:30–9:35 AM EST) after the market opened on Friday, June 24, 2016, the trading volume of the Dow Jones Industrial Average reached 5.71 million shares; by the closing minute (4:00 PM), the volume was over 63 million shares (Table 2.1). Over the course of the day, a total of 5.2 million trades were processed by the New York Stock Exchange (NYSE), and over five million of these were small trades of 1–2000 shares.