Home > Term: standardized commission
standardized commission
For participants in Self-Direct Brokerage Direct Advantage accounts: The value of the commission used in this calculation is $14 per trade. There is an additional commission of $.03/share for each share over 1000 shares that are not included in this calculation. You are only allowed to trade a dollar value that is inclusive of all fees and commissions that is not to exceed your current account balance. This commission schedule only applies to sdb Direct Advantage accounts.
- Part of Speech: noun
- Industry/Domain: Financial services
- Category: Funds
- Company: Merrill Lynch
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- MJ63
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