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 ?
Finding seating for assisted living facilities and independent living centers can present new challenges for those who are used to designing spaces for nursing homes.
We built the first sensor mats -- paper-thin force sensing surfaces that allow us to measure the pressure at the interface of seat and person -- and then we quantified that data as a formula for load distribution, using over 3,000 seating measurements of various body types in differing sitting situations.
BCA's intelligent surface technology promises to offer major increases both in comfort and quality of life for patients who sit for long periods of time -- if, as its developers believe, it is able to bring two major aspects of seating into balance:
In conclusion, lounge seating design has been an area of development that has benefited from advancement in technology and in human factors research over the past ten years.
The overall intervention in seating must highlight one's philosophy of care.
A new, wider batch was ordered, further reducing capacity and forcing UCLA to revise its seating plan a second time.
Tickets are $18 for track seating and $15 for grandstand seating.