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.
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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 DME - owned 32.5% by each of NYMEX and Dubai's state company Tatweer and 30% by the Oman Investment Fund, with the remaining 5% allocated to DME floor members - has invited Shell, BP and Total to become shareholders in the exchange.
The second floor members club, Cyan is decorated with bespoke wallpaper and furnished with design classics and antique pieces.
To achieve the solid, linear feel of those targets, the team increased body stiffness by 20% by widening existing floor members, reinforcing joint areas and re-designing the tower bars and upper bulkhead that surround the engine compartment with more rigid closed section stampings.