Business and Personal Finance Dictionary

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• ROUNDTURN
  
  Is a term used in the futures industry to reflect the commissions for a completed purchase and sale of a futures contract. Half of a roundturn represents the commission for either the purchase or the sale of a contract. Generally, it is important to specify that options will be charged a half of a roundturn because they may expire worthless or be exercises. Depending on the arrangement with the FCM, a customer may be charged for the roundturn immediately even though only a purchase or sale was transacted.
  
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