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 ?
Basketwork takes a central position in the Baniwa people lifestyle.
Traditional art includes sculpture (wood, bronze), leather craft, weaving, fashion, hairdressing, pottery, basketwork and painting (Pibot 2001).
Edwards in 1928 in the style of a Swiss chateau, the museum holds basketwork, stone tools and other artifacts.
They made a basketwork receptacle of twigs and feathers and tied it about the middle.
The Export Development Board had for some time recognized the potential for nontraditional products from the palm, such as fibre items and basketwork, and a programme for product development and technical upgrading was in place.
Weavings, ceramics, basketwork and woodcrafts dating from as early as the seventh century add to this comprehensive celebration of Mapuche culture.
Woolley, George Cathcart (1876-1947) 2012a Some Notes on Murut Basketwork and Patterns.
The aim of the following section will be to demonstrate a connection between the counting systems as documented by Codrington and the patterned basketwork of the Islanders described by Haddon and Hingston-Quiggin through the lens of Rivers' psychometric tests.
The principal handicrafts of the region include basketwork, cane furniture, bamboo flower, mats and woodcarvings.
Mr Leedman said the burials would use biodegradable coffins - the most popular being a willow coffin with flowers woven into the basketwork.
Local French crafts will also be on show with basketwork, traditional wooden toys, soaps and candles, as well as accessories such as bags, sunglasses, jewellery, scarves and a taster of Paris fashion week.
Badge work was a key element to company activity, and it included stave drill, free movement, country dancing, home nursing, basketwork, national dancing, first aid, and knitting/crafts.