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 ?
Additionally, he was President of the Independent Floor Members Association.
The following measures have been approved by the Amex Board of Governors: Ethics and Disclosure * Amex employees and floor members are prohibited from serving on the board of any Amex-listed company.
Using the online marketplace, Commodities Floor Members gained immediate access to real market prices, conducted transactions instantly and closed deals faster than the traditional methods of phone and fax.
The site currently has 46 exchange floor members, who collectively control more than 50 percent of the California almond volume.
The board of directors would be composed of public directors, member firm representatives, and floor members elected by a proportionate number of both PCX and CBOE members.
The realities of what's happening in this rebuild are further complicated when we see buildings coming out of the ground in areas that had 48" of water, with 30" concrete walls and structural floor members that could be subjected to future flooding, when the manufacturer's product guides state that the products should not be subjected to constant wetting since the core of that lumber is glued like particle board," stated Steve Conboy, President/CEO, Eco Building Products, Inc.