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 ?
His house was specifically designed with wider doorways and features such as a shower seat to make his life more comfortable.
With this type of shower, the user simply transfers from his wheelchair to the shower seat, which extends to the entrance of the room, and commences showering in a seated position.
Sometimes, a fold down table built along the wall in the shower area can serve as a shower seat (bed).
The range of independent living aids includes walking frames, wheelchairs, scooters, stair lifts, accessories for safer bathing such as shower seats and bath lifts, as well as safety features for ease of access into the home.
Portlight founder Paul Timmons told the Star-Ledger, that he believes there is a strong demand for replacement durable medical equipment, such as walkers, wheelchairs and shower seats, and "wants to get the word out that help is still avail-able.
The proposed service which will include a range of internal and external off the shelf and made to measure~ support rails including galvanised rails, wall fixed equipment or other fixtures such as wall mounted shower seats, and set up of off the shelf~ threshold ramps.