member firm

(redirected from Member Corporations)

Member firm

Used for listed equity securities. Brokerage firm that has at least one membership on a major stock exchange even though, by exchange rules, the membership in the name of an employee and not of the firm itself.

Member Firm

A broker-dealer firm in which at least one of the principal officers is allowed to trade on the floor of an exchange. To become a member, one needs to purchase a membership or a seat on the exchange, which can be very expensive. There are usually a set number of memberships to an exchange; for example, on the New York Stock Exchange, there are 1,366 seats, which may cost up to $1 million each, and which may be bought or sold to different firms. Most exchanges do not recognize member firms, only individual members; that is, they consider members to be the brokers or dealers on the floor, rather than the firms they represent.

member firm

A securities firm with officers or partners who are members of an organized securities exchange. National brokerage firms are generally members of a number of organized exchanges. Organized exchanges have established standards of conduct and financial conditions. See also ABC Agreement.
References in periodicals archive ?
Each Year, council-certified minority-owned businesses are nominated for this award by member corporations they do business with.
The festival's objectives are to contribute to the development of Arab radio and TV production and to upgrade content to fulfill the expectations of member corporations.
Nominees for the Conservation Education Award are selected from member corporations that submit applications for Corporate Lands for Learning certification or re-certification in a given year.
Abdullah bin Sa'eed Abu Ras and members of the committee representing the member corporations.
The KAIKA Project encourages KAIKA (performance improvement) activities conducted by member corporations and organizations, and offers support for smooth and effective project operations, including honoring the best cases with the KAIKA Awards and providing project operation know-how.
Through an active program of events, publications, marketing and trade services, USROBC provides business contacts, promotional opportunities, business intelligence opportunities, and information services to member corporations and organizations.
Both MGD and Worcester Commons are member corporations of the Mayo Group.
The survey covered 485 companies including member corporations of the federation and other firms.
Inaba comes from a company that eclipses most JMTBA member corporations.
The three member corporations are governed internally by rules similar to those that govern U.
Kavulich's three-page, single-spaced resignation letter appeared in Economic Eye On Cuba, a newsletter that goes to USCTEC member corporations which pay $2,500 a year or more in dues, depending on the size of their revenues.
The nation's largest business organization wants its member corporations to study a report on its assessments of political parties' policies in determining how much to donate and which party to donate to.

Full browser ?