Basket


Basket
A single unit of at least 15 stocks that are used in program trading. Baskets are traded on both the NYSE and the CBOE for institutions and index arbitrageurs. Both instruments allow for the composite purchase of all of the stocks in the S&P 500 in a single trade. Baskets were created after the stock market crash in 1987 to better facilitate institutional trading on the index.

Basket was also the nickname given to a specific type of financial instrument that briefly traded on the Philadelphia Stock Exchange in 1989. This security was removed from trading due to regulatory controversy over its nature. The baskets that traded on the other two exchanges eventually also ceased trading due to poor volume.


Investment dictionary. . 2012.

Look at other dictionaries:

  • Basket — Bas ket, n. [Of unknown origin. The modern Celtic words seem to be from the English.] 1. A vessel made of osiers or other twigs, cane, rushes, splints, or other flexible material, interwoven. Rude baskets . . . woven of the flexile willow. Dyer.… …   The Collaborative International Dictionary of English

  • basket — USA This term has a number of meanings. In the context of: • Finance, business jargon used to refer to a maximum dollar amount for a specific exception to a covenant restriction in a financing agreement. For example, a loan agreement may limit… …   Law dictionary

  • Basket — steht für Basket (Zeitschrift), Sportzeitschrift Fruits Basket, Manga Siehe auch Basket Lake Baskett Diese Seite ist eine Begriffsklärung z …   Deutsch Wikipedia

  • basket — /ˈbasket, ingl. ˈbɑːskɪt/ s. m. inv. (sport) accorc. di basket ball; pallacanestro □ canestro …   Sinonimi e Contrari. Terza edizione

  • basket — [bas′kit, bäs′kit] n. [ME < ?] 1. a container made of interwoven cane, rushes, strips of wood, etc. and often having a handle or handles 2. the amount that a basket will hold 3. anything like a basket in shape or use 4. the structure hung from …   English World dictionary

  • Basket — Bas ket, v. t. To put into a basket. [R.] [1913 Webster] …   The Collaborative International Dictionary of English

  • Basket 1 — est une émission de télévision sportive diffusée en Belgique sur la Une (RTBF). Présentée par Frank Peterkenne et Pierre Robert, elle présente en quinze minutes les plus beaux moments du match de la soirée. Lien externe (fr) La page d émission de …   Wikipédia en Français

  • basket — (n.) early 13c., from Anglo Fr. bascat, origin obscure despite much speculation. On one theory from L. bascauda kettle, table vessel, said by the Roman poet Martial to be from Celtic British and perhaps cognate with L. fascis bundle, faggot, in… …   Etymology dictionary

  • basket — (del inglés) sustantivo masculino 1. (no contable) Área: deporte Uso/registro: restringido en España. Origen: América. Baloncesto: jugar al basket …   Diccionario Salamanca de la Lengua Española

  • basket — ► NOUN 1) a container for holding or carrying things, made from interwoven strips of cane or wire. 2) Basketball a net fixed on a hoop, used as the goal. 3) a group, category, or range: a basket of currencies. ORIGIN Old French …   English terms dictionary

  • Basket — (engl., »Korb«), Reismaß in Niederbirma, seit 1872 = 38,836 Lit., für ungeschälten Reis 51–52, für Kargoreis mit noch 1/5 Paddy (ungeschältem) 68 Pfd. = 30,84 kg …   Meyers Großes Konversations-Lexikon


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