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.

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 ?
The National Basketry Organization is a non-profit organization that unites people interested in basketry to provide education and to promote basket making.
The section dealing with Central Borneo starts with an unusual piece on the basketry collected in the early years of the 20th century by the Norwegian, Carl Lumholtz, and now in the Ethnographic Museum of Oslo.
This volume is the result of the Southeastern Indian Basketry Gathering held at Northwestern State University in May 2002.
It shows 'how more than any other African craft, basketry represents the finest blend of indigenous culture, environment and technology.
For white tourists, "authentic" black traditions re-emerged at an exotic distance, as in the marketing of sea grass basketry, the presence of picturesque street vendors at the annual Azalea Festival, and the preservation of black spirituals, as performed in the 1920s by whites "dressed in hoop skirts and in tuxedos with antebellum-era bow ties.
ALASKA NATIVE ART: TRADITION, INNOVATION, CONTINUITY examines and presents the best of Native Alaska artists of modern times, covering beadwork and jewelry, basketry, and skin sewing examples from a range of Alaskan Native cultures and traditions.
The awnings of this low-key market shelter a wealth of value-priced but good-quality souvenirs, including shell jewelry, basketry and wood crafts.
Most plant uses were medicinal, but he also documented plants used for food, basketry, dyes, and other purposes.
We don't play billiards and there had been no mention, up to now, of introducing basketry classes.
Discussion first centers on early cave dwellers whose invention of basketry predates their pottery.
Editorial includes information on industry trends, developments, issues and resources related to wearable art, quilting, tapestry and wall hangings, headwork, surface design, papermaking, needlework, basketry and sculpture.