Membership

(redirected from Exchange Seats)
Also found in: Dictionary, Thesaurus, Medical, Legal, Encyclopedia, Wikipedia.

Membership

An individual or firm's right to trade on an exchange floor. Memberships are bought and sold according to an individual's or firm's needs and desires, and they can be very expensive. Most exchanges have a set number of memberships; for example on the New York Stock Exchange there are 1366 seats, which may cost up to $1 million each. Most exchanges do not recognize only recognize individual members; member firms are usually informal terms for broker-dealer firms that have at least one principal officer with a seat on an exchange.
References in periodicals archive ?
Of the 21,400 Exchange seats booked in the third quarter, approximately 18,400 seats were in the SMB segment, an increase of 16.
BNY Securities Group, conglomerated, is the largest provider of commission management services, has 17 New York Stock Exchange Seats, and offers global execution and clearing services in over 65 markets with offices in the U.
BNY Securities Group is the largest provider of commission management services, has 17 New York Stock Exchange seats, and offers global execution and clearing services in over 80 markets with offices in the U.
Based on more than 10 years of IT management outsourcing solutions; years of successful collaboration with Microsoft; and more than 15 million Exchange seats deployed or under contract (over 1.
As a result, Compaq Global Services and its business partners have deployed more than 75,000 SharePoint Portal seats on ProLiant servers in addition to more than 14 million Exchange seats.