Basket trades

Basket trades

Related: Program trades.

Basket Trade

1. A single order or trade in 15 or more securities, especially in large amounts. Basket trades can be open orders in which the computer is instructed to wait until a certain price prevails before buying or selling the large quantity of securities. This is a service offered exclusively to institutional investors and high net-worth individuals.

2. See: Program Trading.
References in periodicals archive ?
Most traders have a choice of trading vehicles to implement a given trade, from ETFs to basket trades, from stock index futures contracts to OTC equity swaps," says Laurie Berke, a New York-based partner at TABB and author of the report.
Numerix Commodities Module: In response to the rapidly growing Australian commodities markets, Numerix's new Commodities module allows for the pricing, valuation and risk analysis of commodity futures, swaps, and options, both single-name and basket trades.
Research Firms Says Crossing Networks and List-based Algorithms will Gain a Larger Share of Basket Trades during 2009
While this is ABN AMRO's first foray into CLNs tailored specifically for distribution in the retail market, ABN AMRO have been one of the most active manufacturers of CDO product to the Australian institutional market through the REMBRANDT vehicle, which has issued 10 series of notes totaling A$240 million since its inception in 2001 across the range of single name CLNs, small basket trades, as well as portfolio CLNs or synthetic CDOs.
Examples include the use of short-term funding in cash flow CDOs, which lowers the overall funding liability of the CDO, and first to default basket trades, which reference a portfolio of 'AAA' European structured finance assets.
Block Trades, Basket Trades and many more features -- Direct Access Trading Platform -- Customizable Desktop -- Public Company Fundamental Data including Tear Sheet, History, PDF Reports, etc.
0 offers traders more functionality, giving them the ability to execute trades to multiple execution destinations from within a single trade window, set limit prices above the national bid or offer, execute basket trades of multiple securities from the TrendSpotter, and utilize expanded Internet access via InterNAP's network.
Advanced limit order specifications for both basket trades and single stock trades -- Real-time order status upgrades (1) -- Integration with popular order management systems, for both uploading and transferring trading reports -- Enhanced preference setting capabilities, which can be used to help manage risk with limits based on symbols, principal and price -- Account history details and downloads in a variety of formats to allow users to reconcile with portfolio management systems and track performance -- Ability for DVP accounts to archive positions that are closed out elsewhere -- Additional basket details and account information -- New Web site navigation and Resources section for training materials
UNX customers can use the ECNSweeper for both stock basket trades and for the newly enhanced feature -- single stock trading.