commission
The fee which clearing-houses charge their clients to buy and sell futures and futures options contracts. The fee that brokers charge their clients is also called a commission. The CENTER ONLINE Futures Glossary
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The fee paid to a broker to execute a trade, based on number of shares, bonds, options, and/or their dollar value. In 1975, deregulation led to the establishment of discount brokers, who charge lower commissions than full service brokers. Full service brokers offer advice and usually have a 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. Commissions are known as round-turn only in futures trading, since the commission is assessed only after liquidation of the position. Bloomberg Financial Dictionary
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For futures contracts, the one-time fee charged by a broker to cover the trades a client makes to open and close each position. It is payable when the client exits the position. Also called a round-turn. Commissions on options are usually half on initiation and paid half on liquidation. Chicago Mercantile Exchange Glossary
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The fee that a broker may charge clients for dealing on their behalf. Exchange Handbook Glossary
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The charge made by a stockbroker or the fee a financial adviser makes from a company whose products have been sold, generally based on the value of the sale. Financial Services Glossary
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▪ I. commission com‧mis‧sion 1 [kəˈmɪʆn] noun
1. [countable, uncountable] FINANCE COMMERCE an amount of money paid to someone according to the value of goods, shares, bonds etc they have sold:
• He didn't charge a commission on trades, as other brokers do.
2. [countable] a request for a writer, musician, or artist to produce a piece of work for which they are paid:
• a commission from the company for a new sculpture
3. [countable] LAW ORGANIZATIONS an official organization that ensures that the law is obeyed in a particular activity:
• the New Jersey Casino Control Commission
• the Equal Employment Opportunity Commission
4. [countable] ORGANIZATIONS a temporary official organization looking at problems in a particular area and suggesting changes:
[m0] ▪ II. commission commission 2 verb [transitive]
to formally ask someone to produce a report, work of art etc:
• One of the new team's first acts was to commission a report on Fox's operations.
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Ⅰ.
commission UK US /kəˈmɪʃən/ noun
► [
C or
U]
COMMERCE make/pay/receive a commission »
The airline agreed to pay travel agents a 3% commission.
»
His monthly salary, which is based on commissions, has dropped from about $7,000 to $1,000.
be on commission »
People often work harder when they're on commission.
► [
C] (
also Commission)
GOVERNMENT appoint/create/establish/set up a commission »
Congress appointed a commission to investigate the causes of the financial crisis.
► [
C] (
also Commission)
GOVERNMENT communications/energy/planning, etc. commission »
The Energy Commission announced rules that bar municipal utilities from signing new contracts with coal-fired power plants.
► COMMERCE accept/get/receive a commission »
When he was 19, he got a commission to write an orchestra piece.
Ⅱ.
commission UK US }} /kəˈmɪʃən/ verb [T]
► »
The newspaper commissioned a series of articles on the fashion industry.
Financial and business terms.
2012.