Seat

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Seat

Position of membership on a securities or commodity exchange, bought and sold at market prices.

Seat

An individual or firm's right to trade on an exchange floor. Seats 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 seats; for example, on the New York Stock Exchange there are 1366 seats, which may cost up to $1 million each. Most exchanges 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. A seat is also called a membership.

seat

Membership on an organized securities exchange. Because the number of seats on an exchange is generally fixed, membership may be acquired only by purchasing a seat from an existing owner at a negotiated or an offered price.
References in periodicals archive ?
The "spread" is merely the difference between the high and low populations per seat.
Easyjet mirrored those comments on Tuesday, saying revenue per seat had fallen in April.
44 million with 90 seats, for a revenue per seat of $16,012.
Seats are added to the video network at the program price of $3,995 per seat.
BUDGET airline Easyjet said yesterday it was sticking with its profit growth forecasts of 40%to 50% despite seeing a recent fall in revenue per seat.
5 billion program to replace its dash 200s with dash 800s has resulted in a 50% reduction in CO2 emissions per seat, a 45% reduction in fuel burn per seat and a 45% reduction in noise emissions.
In the first quarter, revenues per seat flown rose by 1.
With per-seat revenue of $14,997, the North Little Rock restaurant produces more per seat than any other restaurant in town.
A deposit of $250 per seat needs to be returned with the order form and postmarked by May 30, 1993.
0 for Oracle is expected to be released at the end of October, with North American pricing starting at $870 (USD) per seat.
A close look on the average number of contestants per seat for the successive Lok Sabha elections brings out some interesting facts.