What's a Round Turn?

A round turn is a commonly used term in futures trading and managed futures accounts and forex to represent a single completed trade, as opposed to a side which is half of the full trade – either the buy or the sell.

What does it mean to take a round turn?

round turn in American English

noun. a complete turn of a rope or the like around an object.

What is a round turn in futures?

What is a futures contract "round-turn"? ... This would include futures positions closed out by delivery, cash settlement, through an exchange for physicals, and as a result of the transfer to the carrying FCM from another FCM of offsetting futures contracts.