member

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Member

A person, normally a broker, who has a seat 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 a company to be a member, so the membership for a member firm formally belongs to an individual employee. Memberships are bought and sold at market price because most exchanges have a finite number.

member

An individual who owns a seat on a commodities or securities exchange. See also allied member.
References in periodicals archive ?
at The Yale Club, 50 Vanderbilt Place, 18th floor MEMBERS ONLY.
NYSE floor members, independent dealer/insurance-affiliated firms, and investment companies are also guaranteed one seat each.
Significant improvements to the all-new bodyshell include reinforced engine bay front side members, tougher longitudinal front floor members, plus more rigid joints between the dashboard bulkhead and the floor and stiffer rear wheel housings.
Nymex, Dubai's state-owned Tatweer and the Oman government now each owns 25 per cent of the DME, while DME floor members continue to hold the remaining 5 per cent, DME chief operating officer Thomas Leaver told reporters in a conference call.
NYMEX, Dubai's state-owned Tatweer and the Oman government now each owns 25pc of the DME, while DME floor members continue to hold the remaining 5pc, DME chief operating officer Thomas Leaver said.
The DME was established as the first truly international exchange in the Middle East, and is building an energy trading community consisting of a diverse and growing mix of regional and international traders, brokers and financial market participants, trading electronically as Floor Members of the DME.