NYSE Gauges Demand For Basket Trading


The New York Stock Exchange is still trying to determine whether demand exists for trading a basket of stocks as a single unit, said NYSE President Richard Grasso.

It is "technologically and operationally possible" to trade an instrument that represents as many as 500 underlying securities, Grasso told a Sept. 26 press conference. "Whether there is demand to do that in an equities environment is what is being probed right now," he said.

Grasso noted that both the Katzenbach study on program

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