Basket Trade

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 ?
The pathos of the failed small shopkeeper is sharply contrasted with the ebullient supermarket manager with his dehumanizing professional talk of trolley types, transactions and basket trade.
This situation started to change on the eve of the economic crisis when, in May 2008, the CBR introduced the notion of a ruble bi-currency basket trade corridor.
Yohay is a specialty baker to the coffee, tea, gourmet, and gift basket trade.
Preferred which employs 100 staff is an established self-clearing broker-dealer offering option, stock, futures, and basket trade executions for individual customers, option floor traders, and money management institutions.
As a result of the company's sophisticated, proprietary "smart order router", a mechanism which hunts liquidity across various ECNs and market makers, UNX has been able to deliver world-class basket trade execution, typically in under 40 seconds with less than four basis points of slippage off of the NBBO on average.
Looking at ADV to judge the merits of the product becomes somewhat less relevant because the underlying basket trades all the time.
Historically, basket trades have been passed from the buy-side to sell-side program trading desks, which then split orders across multiple desks depending on the region or country being traded.
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.
A specialty baker to the coffee, tea, gourmet, and gift basket trades, Yohay Baking Company creates distinctive cookies that add interest and intrigue.
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.