How is Total Commission (TCOM) calculated?
There are various commissions that can be present on a trade, e.g. EXEC, RSCH.
TCOM is a sum of all commissions. CommissionReasonCode is an optional value and is not taken into consideration while calculating TCOM.
Level of Complexity
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For further details please refer to the EQUITY TRADE COMMISSIONS: BEST PRACTICES document by DTCC
Article # 3046690