Seat

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Seat

Position of membership on a securities or commodity exchange, bought and sold at market prices.

Seat

An individual or firm's right to trade on an exchange floor. Seats are bought and sold according to an individual's or firm's needs and desires, and they can be very expensive. Most exchanges have a set number of seats; for example, on the New York Stock Exchange there are 1366 seats, which may cost up to $1 million each. Most exchanges only recognize individual members; member firms are usually informal terms for broker-dealer firms that have at least one principal officer with a seat on an exchange. A seat is also called a membership.

seat

Membership on an organized securities exchange. Because the number of seats on an exchange is generally fixed, membership may be acquired only by purchasing a seat from an existing owner at a negotiated or an offered price.
References in periodicals archive ?
ADDITIONAL COSTS PER SEAT (In addition to season ticket price): Select portions of sections 24 and 25 and two portions of level 300: requires and additional $75 per seat.
"If Anfield yielded pounds 1550 per seat, without adding seats, LFC match-day revenue would rise from pounds 41M to pounds 71M.
DTDS "Per Seat" Charter Services offer convenience and productivity to business travelers to Patna, Rourkela and Jamshedpur from anywhere in India or abroad.
Bookings for the summer season are in line with last year, with revenues per seat slightly higher than a year ago, it added.
Ancillary revenues were flat in the period at [pounds sterling]9.95 per seat. The checked bag charge, declined by 1.1% in the period to [pounds sterling]4.60 per seat as charges were waived in the period immediately after the volcanic disruption.
Mac Court season-ticket holders for men's basketball have paid an annual Athletic Fund donation of $200 to $1,750 per seat, in addition to ticket prices.
Unlike Windows MultiPoint which will require users to purchase a Windows Server license and a separate client access license (CAL) per seat, Userful's solution uses free Linux for the server, reducing the cost to just $69 per seat.
Annual licensing is $19.95 per seat and less for volume purchases.
"California law states you must have only one passenger per seat. Driving with two passengers in one seat is vehicle code violation 27360.
The Home Plate Box, adjacent to the Lexus Presidents seats, will cost $150 per seat and include one parking pass per four tickets and access to the PNC Diamond Club.
It produces 22 percent less carbon dioxide per seat and costs 20 percent less to operate per seat.
It drew encouragement from growth in revenues per seat of 14.9 per cent, with passenger numbers up by 2.9 per cent to 19.4 million in the period.