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 ?
In Faisalabad PML-N won 67 seats, PTI 12 seats while 83 seats have been won by the independent candidates.
On March 3, of the 51 Senate seats on which elections were held, 33 were general seats (seven general seats from each province, four from Fata and one from Islamabad), nine technocrat seats (two from each province and one from Islamabad), eight women seats (two from each province) and two non-Muslim seats (one each from Punjab and Sindh).
Indeed, demographic changes are set to alter the political landscape across the country, with provincial assembly seats increasing and decreasing across most districts in all the four provinces, in line with the provisional census results.
In all 12 wards of municipal committee Rajanpur, independent candidates won 6 seats, PML(N) 5 seats while PTI won 1 seat.
Similarly, PPP secured 1 seat in 39 wards of MC Khanpur, independent candidates 33 and PML-N bagged 3 seats.
Among the political parties, TMC was ahead in 14 seats followed by AIADMK and Shiv Sena were leading in nine seats each.
There were 4629 candidates wooing the voters for 542 seats, thus averaging 8.
The nominees of those that were proclaimed who would take their seats at the House of Representatives would be announced at a later time, Brillantes said.
In the Sixth Circuit, Seat 2, Sandra Fascell Diamond of Seminole and Michael J.
Democrats could also have gone after the few remaining GOP suburban seats.
Ross Swindlehurst, 53, of Boron was the only person who applied for the seat left vacant by the resignation of former trustee Jeremeh Job.
Northwest Airlines yesterday began a test of differential pricing for economy seats in its domestic fleet, charging $15 extra per flight segment for certain aisle and exit row seats.