Basket Trader

BasketTrader offers professional traders and investors the ability to trade a basket of individual underlying components as a package. You can select an index to replicate, create a group of underlying components to save as a basket or construct and edit a basket file manually in an application such as Excel. From a single screen, you can easily retrieve basket files, update limit prices, and monitor pending orders, executions and your portfolio.

•           Create a custom basket by saving orders from the trading window.

•           Instantly create a basket based on the composition of an index, and fine-tune the index components based on weight, market cap, beta, price range, or symbol. TWS maintains the basket composition based on changes in the index and user-defined criteria.

•           Easily modify parameters across the entire basket, or on an order-by-order basis.

•           Reverse the order side of all orders with a single click, and keep reversed order prices relevant by automatically converting limit orders to market or relative orders with offset.

•           Cancel unexecuted portions of a basket with a single click.

•           Take advantage of market arbitrage opportunities with basket trades.

•           View total shares and estimated basket order value.

•           Create or edit a basket file directly in MS Excel.