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 ?
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.