member


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Member

A person, normally a broker, who has a seat on a stock exchange. This means that he/she is allowed to make trades on the floor of that exchange. Most exchanges do not allow a company to be a member, so the membership for a member firm formally belongs to an individual employee. Memberships are bought and sold at market price because most exchanges have a finite number.

member

An individual who owns a seat on a commodities or securities exchange. See also allied member.
References in classic literature ?
Each house shall keep a Journal of its Proceedings, and from time to time publish the same, excepting such Parts as may in their Judgment require Secrecy; and the Yeas and Nays of the Members of either House on any question shall, at the Desire of one fifth of those Present, be entered on the Journal.
As usual, I put the case before my mother, and she explained to me that she had no money with which to buy a "store hat," which was a rather new institution at that time among the members of my race and was considered quite the thing for young and old to own, but that she would find a way to help me out of the difficulty.
The very members of the club whom the Countess (in spite of her personal disadvantages) could have most easily fascinated, if she had thought it worth her while, were the members who wondered most loudly at Montbarry's choice of a wife.
Several very exciting skirmishes were in progress, when a loud shout attracted the attention even of the belligerents, and then there poured on to the platform, from a door at the side, a long line of gentlemen with their hats off, all looking behind them, and uttering vociferous cheers; the cause whereof was sufficiently explained when Sir Matthew Pupker and the two other real members of Parliament came to the front, amidst deafening shouts, and testified to each other in dumb motions that they had never seen such a glorious sight as that, in the whole course of thier public career.
Maston, "allow me to say that, if I cannot get an opportunity to try my new mortars on a real field of battle, I shall say good-by to the members of the Gun Club, and go and bury myself in the prairies of Arkansas
We can, I think, account for this fact only by looking at aberrant forms as failing groups conquered by more successful competitors, with a few members preserved by some unusual coincidence of favourable circumstances.
With the fibres thus builded up the members were wont to engage the police and rival social and athletic organisations in joyous combat.
The unmistakable impatience of the member of the Council trying to get away from him did not trouble Alexey Alexandrovitch; he gave up his exposition only when the member of the Council, seizing his chance when one of the Imperial family was passing, slipped away from him.
It was my duty as a member of the Order to assist in this, and the shelter of my house and name were freely accorded to the Countess.
are hereby nominated and appointed members of the same; and that they be requested to forward, from time to time, authenticated accounts of their journeys and investigations, of their observations of character and manners, and of the whole of their adventures, together with all tales and papers to which local scenery or associations may give rise, to the Pickwick Club, stationed in London.
Shinshin, standing close by, tried to make a joke, saying that Kutuzov had evidently failed to learn from Suvorov even so simple a thing as the art of crowing like a cock, but the elder members glanced severely at the wit, making him feel that in that place and on that day, it was improper to speak so of Kutuzov.
SOME Members of a Legislature were making schedules of their wealth at the end of the session, when an Honest Miner came along and asked them to divide with him.