Round-turn

Round-turn
Procedure by which the long or short position of an individual is offset by an opposite transaction or by accepting or making delivery of the actual financial instrument or physical commodity. ...

Also known as a round-turn. Commissions are known as round-turn only in futures trading, since the commission is assessed only after liquidation of the position.

Also known as a round-turn. Commission broker A broker on the floor of an exchange acts as agent for a particular brokerage house and who buys and sells stocks for the brokerage house on a commission basis.

Discount brokers simply execute a client's order and usually do not offer an opinion on a stock. Also known as a round-turn.

Costs of completing a transaction, including commissions, market impact costs, and taxes.
Round-turn ...

Full-service brokers offer advice and usually have a full staff of analysts who follow specific industries. Discount brokers simply execute a client's order and usually do not offer an opinion on a stock. Also known as a round-turn.

See also: Commission house, Banks, CFTC, Physical commodity, Expense