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 ?
Best of all, institutional memberships now cover discounts to the NAI Certification program
There are so many outstanding benefits of membership in the Auxiliary.
Having a joint membership to Golf Sudbury has several advantages, according to Ames.
The club reports a dip in memberships by summer, after people forget resolutions.
IABC staff has also worked to make the membership experience more valuable.
The Annual Members Business Meeting will include a membership vote on: 1) the minutes from the 2003 Annual Members Business Meeting; 2) proposed amendments to CalCPA's Articles of Incorporation; 3) three proposed amendments to the bylaws; and 4) election of officers and directors should there be a contested seat.
We at PIMA share in this mind-set and are excited to launch Membership Month this February, which is a month long program that will bring new benefits and opportunities to you.
Seizing on this untapped market, companies such as Sentient, Delta AirElite and Marquis are offering private-jet memberships.
The new membership system, benefits, dues, and fees will become effective on July 1.
It was founded by a group of workers in the State-Federal program of rehabilitation, but its reach has been greater than to the membership of a single administrative body in the movement of vocational rehabilitation.
If this is the case and the payment for membership dues exceeds $75, the quid pro quo contribution disclosure rules will apply.
The ballots will then be counted by a panel of judges and results announced during a special membership meeting scheduled for Friday, Oct 12 at AFS.