"Burst Basket"

Discussion in 'General Discussion' started by Jay Hattler, Oct 4, 2016.

  1. Jay Hattler

    Jay Hattler Well-Known Member

    In looking at Time & Sales for an equity (MDLX), I see the notation "Burst Basket." Have googled it, but still don't understand what it means. Any one know?

  2. status1

    status1 Well-Known Member

    I am not sure why you could not find it I found quite a few links that explain what it is
    Basically someone is buying a basket of stocks and this just happens to be one of them
  3. Jay Hattler

    Jay Hattler Well-Known Member

    A couple of questions:
    --Why is this information included in the T&S? In other words, what difference does it make for the trade of the actual equity?
    --What does the term 'burst' mean?
    --What are the mechanics behind the trade? In other words, how does a specialist make the trade? Does this mean that all of the shares come out of his/her own inventory and that is how the simultaneous execution is ensured?
    Thank you
  4. status1

    status1 Well-Known Member

    I am not sure I can tell any more than the explanation since I am not familiar with the inner working of the actual transaction I am not even sure what advantage or knowledge can you gain by looking at the T&S
    Ok so someone bought or sold some shares of stock at this price at this time
    Are you going to buy or sell based on that information ?

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