member

(redirected from Floor Member)
Also found in: Dictionary, Thesaurus, Medical, Legal, Encyclopedia.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

member

An individual who owns a seat on a commodities or securities exchange. See also allied member.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
The Central A&M team was made up of Chairperson: Mallory Burgener, Secretary/Floor member: Erin Forlines, and Floor members: Ella Forlines, Morgan Jamison, Drew Guebert, and Hunter Mott.
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.