Editing Basis (section)

== Securities markets and trading strategies ==
*  [[Basis trading]], a trading strategy consisting of the purchase of a security and the sale of a similar security
<ol type="1" start="1">
<li>Fixed income markets:</li>
* [[Treasury basis trade]], a leveraged arbitrage strategy exploiting price differences between Treasury securities and futures contracts
* [[Index arbitrage]], a strategy that exploits price differences between a stock index and its futures contract

<li>Commodities and physical assets:</li>
* Commodity basis trade ([[Futures contract]], [[Commodity market]]), a hedging or arbitrage strategy involving spot and futures prices in commodity markets

<li>Equities and funds, including ETFs:</li>
* Equity basis trade ([[Merger arbitrage]] and ETF arbitrage → {{section link|Exchange-traded fund|Arbitrage mechanism}}), including arbitrage between ETFs and NAVs or spreads in merger arbitrage
* Dividend arbitrage ([[Dividend stripping]]), a tax optimization strategy involving dividend-paying equities

<li>Derivatives and synthetics:</li>
* Options basis trade ([[Box spread]], {{section link|Options arbitrage|Conversion}}, [[Put–call parity]]), strategies involving synthetic positions like box spreads or conversions
* Synthetic tax arbitrage, historical securities lending strategies used by funds to capture or simulate tax benefits

<li>Digital assets:</li>
* Crypto basis trade, a trading strategy using price differentials between spot and futures in digital assets

<li>Controversial schemes:</li>
* CumEx trading ([[CumEx-Files]]), a controversial tax arbitrage strategy involving dividend withholding refunds in Europe

<li>Pricing concepts:</li>
* [[Basis of futures]], the value differential between a future and the spot price
* [[Basis (options)]], the value differential between a call option and a put option</ol>