A round turn is a commonly used term in futures trading, managed futures accounts, and forex to represent a single completed trade (both a buy and a sell), as opposed to a side which is half of the full trade – either the buy or the sell.
As defined by the National Futures Association, a round turn is: Round turns are often tracked to know how many round tables occur in a year for (Commodity Trading Advisors).
[citation needed] Unlike mutual funds which report turnover, managed futures have the concept of round turns per million.
Round turn per million measures how many ‘round turns’ are done per 1 million invested in a managed futures program.
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