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Anyone want to sell me their books? :D

http://www.investopedia.com/terms/a/arbitrage.asp http://www.investopedia.com/terms/b/basis.asp http://www.investopedia.com/terms/c/cash-and-carry-arbitrage.asp http://www.investopedia.com/terms/c/cashandcarry.asp

http://financial-dictionary.thefreedictionary.com/Basis+Trading

regardless of the erroneous definition the point was that basis trading is a form of arbitrage.

basis trading An arbitrage operation in which an investor takes a long position in one type of security and a short position in a similar security in an attempt to profit from a change in the basis between the two securities. For example, an investor might purchase a call with an April...

500 6 2000

Aren't prop traders considered "professional traders" and can professional traders have retail accounts? Could you use the retail accounts data feed to avoid paying professional data fees?