Seat

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Seat

Position of membership on a securities or commodity exchange, bought and sold at market prices.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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

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.
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 seating should be 100% anodized aluminum with a wall thickness of .085 inches.
Finding seating for assisted living facilities and independent living centers can present new challenges for those who are used to designing spaces for nursing homes.
BCA's intelligent surface technology promises to offer major increases both in comfort and quality of life for patients who sit for long periods of time -- if, as its developers believe, it is able to bring two major aspects of seating into balance:
"There is a dichotomy in seating," explains Sprigle," involving two concepts that are always in opposition -- support and mobility.
Today, the most truly advanced lounge seating available for the elderly permits variability in seated angle and seat height and depth of cushion.
Finally, any seating designed for the aging population must have armrests -- and appropriately designed armrests, at that.
In conclusion, lounge seating design has been an area of development that has benefited from advancement in technology and in human factors research over the past ten years.
The psychosocial benefits of therapeutic seating go beyond mere perception.
From bolsters to solid seat inserts, these offer quick, inexpensive means of adapting the traditional seating devices.
It is essential that all caregivers consistently adhere to the plan formulated by the rehabilitative team--physician, nursing staff, rehabilitation staff and orthotist and/or seating vendor--in order to maximize the benefits of this approach.
The new seasonal service for Australia's peak summer season will increase United's weekly seating capacity between the United States and Australia by about 20 percent.