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Equity Per Share Commission Setting

This setting allows you to add a commission charge on a per-share basis.

This applies if the account is charged a commission on a per-share basis. Entering 0.01 in Dollars means that a $0.01 commission will be charged per share traded.

Equity Per Share Commission can work in conjunction with the Equity Per Trade Commission setting. Consider this example:

See Equity Per Share in Action

You currently have a client's Equity Per Trade Commission set to 5 Dollars with a Max Shares value of 1,000 shares. The client's Equity Per Share Commission is set to $0.01.

Today, you are going to complete a trade of 2,500 shares in the client's account, which exceeds the Max Shares value. The Equity Per Trade Commission will be calculated in the following way: 

Shares	Commission Charged
Shares 1 - 1,000	Equity Per Trade Commission: $5 Equity Per Share Commission: N/A
Shares 1,001 - 2,000	Equity Per Share Commission: ($0.01 × 1,000) = $10
Shares 2,001 - 2,500	Equity Per Share Commission: ($0.01 × 500) = $5

Total Commission

$20

Update by Upload

If you need to update the Equity Per Share Commission for a few accounts at a time, you can quickly update these settings on the Account Settings page. However, if your custodian has changed its commission amounts recently, you can update Equity Per Share Commission in bulk using the Account Information upload data set.

For more information on uploading data, see Uploading Data.

For more information on changing account settings in individual accounts, see Make Changes to Account Settings.