Exchange Member

Exchange Member

A person, normally a broker, who has membership on a stock exchange. This means that he/she is allowed to make trades on the floor of that exchange. Most exchanges do not allow firms to be members, so the membership for a member firm formally belongs to one or more of its employees. Memberships are bought and sold at market price because most exchanges have a finite number. See also: Seat.
References in periodicals archive ?
During the anti-corn law agitation in 1842, exchange member John Bright was dragged away after mounting his seat to deliver a political speech.
Following the successful implementation of its Asset Management business over the last two years, GIB Capital recently became a Tadawul Exchange Member with the right to provide brokerage services and deal as an agent.
Pretax profits for New York Stock Exchange member firms, the traditional measure of industry profitability, hit $17.3 billion in 2016, the highest level in four years, according to the report.
KARACHI -- A Karachi Stock Exchange member and leading businessman, Aqeel Karim Dhedhi, has lauded the "extraordinary" efforts of Federal Finance Minister Senator Muhammad Ishaq Dar for a turnaround in the economy.
In the past I have been church treasurer, Central Exchange Member and a host parent for a German foreign exchange student.
The DME, majority-owned by CME Group, will also meet executives and traders at India's Reliance Industries next week in Mumbai, having signed up the operator of the world's largest refining complex as an exchange member last month.
The DME, majority-owned by CME Group, will also meet with executives and traders at India's Reliance Industries next week in Mumbai, having signed up the operator of the world's largest refining complex as an exchange member last month.
An Istanbul Stock Exchange and Turkish Derivatives Exchange member, HAK also owns a minority stake in central clearing and settlement bank Takasbank AS.Country: TurkeySector: Business and Consumer Services, Banking/Financial ServicesTarget: HAK Menkul KiymetlerBuyer: PhillipCapital Deal size in USD: 20m
The Comptroller also estimates that profits for the broker/dealer operations of New York Stock Exchange member firms, the traditional measure of profitability for the securities industry, did not exceed $13.5 billion in 2011, which would be less than half of the $27.6 billion earned in 2010.
By acting without the sponsorship of an exchange member, they operate without oversight.
"DFM was the first exchange member of the society and we are delighted to see them recognised by the public through our online survey, for their efforts to promote IR," added Gretchen Haynes, general manager of the Middle East Investor Relations Society.- TradeArabia News Service

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