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.
Indeed, few significant works deal with Southeast Asian basketry: Mason's major work (1908) on the Malay peninsula, Loeber (1902) and Jasper and Pirngadie (1912) and, later, Barnes (1993) on the Indonesian archipelago, and Lane (1986) and Capistrano-Baker et al.
The Lavumisa 1 group was tasked to specialize in basketry. Not only did the women find an international market; they were also introduced to a new form of raw material the lutindzi grass (coleochloa setifera), a naturally durable fibrous grass found on the mountains of Swaziland.
It will feature printmaking, photography, painting, jewellery, ceramics, glass, basketry, textiles and sculpture.
The major attractions of the festival included bone work, lacquer art, Multani blue tiles, doll making, tie dye, block-printing, woodwork, traditional truck art, papier mache, carpet weaving, floor rugs, basketry, pottery and embroidery from Multan and DG.Khan.
The Work of Tribal Hands: Southeastern Split Cane Basketry. Natchitoches, LA: Northwestern State University Press, 2006.
Mr Wimbush said a spectrum of enterprises would range from strawberry production to basketry, smoked hams to woollen crafts.
From basketry to beadwork and skin sewing, examples of such works appear in full color throughout ALASKA NATIVE ART, accompanied by detailed explorations of the artists, their traditions, and their culture.
It shows 'how more than any other African craft, basketry represents the finest blend of indigenous culture, environment and technology.' William Morris, artist and author, recommended in the 19th century that we should only have things in our homes which are either beautiful or useful--baskets can be both as this informative and superbly illustrated book reveals.
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." (217)
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.
We don't play billiards and there had been no mention, up to now, of introducing basketry classes.