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 ?
6,7~ In essence, when older people decide to be seated in a comfortable chair, they are choosing a place with meaning and strategic position within the environment -- and they are likely to sit for a long period of time.
If the seated durations are long enough, the pressure on this portion of the buttocks can lead to the formation of decubitus ulcers or pressure sores.
While a stroll down the aisle offers minor relief, passengers may soon want to remain seated if Jasco Products Inc.
For many of our residents the positioning device in which they are seated creates their primary environment.
That is, the occupant's body is input into the load cells when seated.
Germany and France have had laws since the mid-1970s that require children under 12 and under 10, respectively, to be seated in the rear seat.