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Year-Round
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round one is open everyday of the year from 10a.m. to 2a.m.
You normally divide by the previous year. The general rule for calculating a relative (or percentage) change is to look at the change compared to the base, or earlier, year.
A "round turn" is a completed futures transaction involving both a purchase and a liquidating sale, or a sale followed by a covering purchase. 'Round turns per million per year' is a standardized measure of how many times a year a CTA would trade for a one million dollar size account. This number is usually extrapolated and not accurate.