Membership

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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 ?
Regular memberships must be linked to an individual.
A better life is a benefit we all can use and something you can help make possible through your Auxiliary membership.
Membership information is now shared by every POS (point of sale) system, including pictures.
His gym welcomes about 40 percent of its membership for the year between Jan.
To that end, headquarters staff will continue to watch the bottom line as well as grow and add value to our membership.
The newsletter covers the recent EPPS events in both LA and NY as well as providing interviews, dates for upcoming events, important contacts, job openings, membership services, group discounts, and information on new members.
Membership deposits are refunded for 90% of the going rate of membership.
expelled from membership in the AICPA and the New York State Society of CPAs, effective Jan.
Corporations also have benefited from the Charter Membership program.
The organizations emphasized several important benefits they realized by using an email marketing service for their membership communications, including reporting and tracking capabilities (74 percent), reduced effort (44 percent) and reduced cost (34 percent).
A membership in Exclusive Resorts eliminates the hassles of vacation home ownership, the limitations of fractional real estate and the inconsistencies of villa rental.
DMTF) today announced its membership program for 2004, which delivers new membership levels designed to provide additional opportunities for technology vendors, government organizations and end users to join and participate in DMTF.