Basket

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Basket

Applies to derivative products. Group of stocks that is formed with the intention of either being bought or sold all at once, usually to perform index arbitrage or a hedging program.

Basket

1. A group of securities often, but not always, derivatives, bought and sold as a single unit. Institutional investors often purchase baskets in order to pay only a single commission on an exceptionally large transaction. A basket is also useful in an index arbitrage transaction.

2. See: Currency basket.

basket

A preassembled group of securities. Baskets allow individual investors to acquire a group of securities with a single trade while paying one commission.

Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

Basket.

A basket is a group of securities that have been put together for a specific investment purpose and are traded as a unit.

Authorized ETF participants accumulate baskets that include all of the securities tracked by a specific index. The baskets then become creation units for an ETF that tracks that index.

Basket also refers to a group of 15 or more securities with a combined value of $1 million that institutional investors and arbitrageurs assemble to use in program trading. The program trading is driven by sophisticated computer software that may automatically trigger trading when prices, or spreads between prices, hit predetermined levels.

Since baskets represent large values, basket trading can cause abrupt price changes in a stock or group of stocks included in a basket and may even have a dramatic effect on the overall market.

References in periodicals archive ?

Then, the Queen of Paradise shows up "nine months later" looking for "the man who had been to her garden" (35) (1) and the final words of the story include the comment that "they were havin babies in basketfuls" (41).

Andy Jones, The Queen of Paradise's Garden

This choreographer dispenses basketfuls of eclectic musical accompaniment.

Keigwin + Company

WAM reports Mohammad Atiq Al Hamili bought 810 basketfuls of dates for Dh1 million to encourage local date growers.

Make a date for next year

Comment ne pas apprecier cet epilogue des deux contes d'Albert Heber Keeping : << (...) they got married, an' they were havin' babies in basketfuls when I left.

Little Jack and other Newfoundland Folktales

There are basketfuls of fruit and other goodies to eat which stand pupils in good stead for concentrating better on their lessons.

Here's proof that healthy food leads to a healthy mind; Healthy boys and girls are getting a taste for grapes and melons at this Denbighshire school,discovers David Powell

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