Baskets

Effective as of October 22, 2021

A basket is a grouping of securities that relate to a central theme, investment goal, market segment, or index, such as finance-related stocks or technology stocks.  Baskets are a feature that your Introducing Firm may utilize to allow you to simply and efficiently purchase multiple securities at a single time. Baskets are created and managed by your Introducing Firm including the particular weighting or allocation of each security.  

DriveWealth has no role in the selection of securities contained within a basket, or the weighting or allocation of securities within a basket.  DriveWealth further has no role in selecting the order in which each security in a basket is purchased or sold.  

All orders in a basket are processed as individual market orders. DriveWealth executes each transaction in a basket in the order in which the trade instruction is received by DriveWealth from your Introducing Firm. You may attempt to cancel unexecuted orders within a basket; however, note that most market orders are executed. The weighting of a security in a particular basket will not automatically be adjusted to account for unexecuted orders; you must re-enter a particular order for trades that did not execute in the basket.