Definition
What a broker and the exchange charge to place a trade.
The story
Many US stock brokers cut online stock commissions to zero in 2019, though other costs remain, like the bid-ask spread. Futures still carry per-contract charges: broker commissions plus exchange and regulatory fees, paid on the way in and again on the way out.
Why markets watch it
Small per-trade costs add up quickly for anyone who trades often.
Connects to
We explain why it moves markets. What you do with it is your call. Commentary and education only. Not financial advice. All terms