Per Side Costs
Definition of 'Per Side Costs'
If, for example, a broker quotes you $1.75 per side costs to trade an E-mini S&P500 contract then your Round Trip cost will be $3.50 to both open and close the position.
Brokers frequently quote per side costs to make their costs look more competitive. The trader should also be aware that brokers will sometimes quote per side commission which excludes other costs such as exchange fees and taxes which are paid on a per side basis.
When researching the costs charged by brokers, the trader should typically evaluate the charges on a fully inclusive (of all fees, taxes and costs) Round Trip Transaction Costs basis.
Do you have a trading or investing definition for our dictionary? Click the Create Definition link to add your own definition. You will earn 150 bonus reputation points for each definition that is accepted.
Is this definition wrong? Let us know by posting to the forum and we will correct it.