Seat

(redirected from took seat)
Also found in: Dictionary, Thesaurus, Medical, Legal, Encyclopedia.
Related to took seat: took a back seat, takes a seat

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 ?
And in the last Scottish election only 45 women took seats at Holyrood.
He cited the example of Clwyd West in 2003 when Brynle Williams (Conservative), Janet Ryder (Plaid) and Eleanor Burnham (Lib Dem) all failed to win the constituency but took seats in the Assembly on the North Wales regional list.
Another Brazilian singing sensation, Carla Perez, and her husband singer called Xanddy, took seats in the audience while the house lights were still up.
The ruling party took seats in four wards from the Lib Dems, to stretch its lead.
The south was given a share in national oil revenues as well as its own government, headed by the former rebels that also took seats in the national parliament.
There were concerns it could lead to overcrowding in the stadium if fans with fakes took seats of those with correctly-bought tickets.
They even took seats in Merthyr and on Anglesey, a place where they (or any other party for that matter - they like 'em independent up there) have no right to win.
Certainly he was able to claim a significant victory in his own constituency city of Sheffield, where the party took seats from both main parties to wrest back control.
That changed last night as they took seats in wards such as Kings Norton and Erdington from Labour.
Eventually two of their group took seats in the courtroom and the others remained outside.