Lebens: Basket Trading To Become More Flexible

THIS WEEK'S LEAD STORIES

If the 1970s was the decade of block trading and the 1980s was the decade of program trading, what do the 1990s hold for the future of securities trading?

Flexible basket trading, according to Charles Lebens, president and chief executive of Bridge Information Systems Inc. of St. Louis. Instead of simply indexing portfolios to the Standard & Poor's 500 and other broad market measures, money managers are creating their own baskets, Lebens says.

"There will be more opportunities to pull smaller

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