Membership or a seat on the exchange

A limited number of exchange positions that enable the holder to trade for the holder's own accounts and charge clients for the execution of trades for their accounts. The New York Times Financial Glossary

Financial and business terms. 2012.

Look at other dictionaries:

  • membership or a seat on the exchange — A limited number of exchange positions that enable the holder to trade for the holder s own accounts and charge clients for the execution of trade for their accounts. Related: member firm. Bloomberg Financial Dictionary …   Financial and business terms

  • Seat — Membership to the NYSE. Owning a seat on the NYSE enables one to trade on the floor of the exchange, either as an agent for someone else (floor broker), or for one s own personal account (floor trader). In the industry, owning a seat on the… …   Investment dictionary

  • seat — [sēt] n. [ME sete < ON sæti: for IE base see SIT] 1. the manner of sitting, as on horseback 2. a) a place or space to sit, or the right to such a place, esp. as evidenced by a ticket [to buy two seats to the opera] b) a thing to sit on; chair …   English World dictionary

  • seat — Position of membership on a securities or commodity exchange, bought and sold at market prices. Bloomberg Financial Dictionary * * * seat seat [siːt] noun [countable] 1. a position as a member of a government or a group that makes official… …   Financial and business terms

  • seat — I. noun Etymology: Middle English sete, from Old Norse sæti; akin to Old English gesete seat, sittan to sit Date: 13th century 1. a. a special chair of one in eminence; also the status represented by it b. a chair, stool, or bench intended to be… …   New Collegiate Dictionary

  • seat — seater, n. seatless, adj. /seet/, n. 1. something designed to support a person in a sitting position, as a chair, bench, or pew; a place on or in which one sits. 2. the part of a chair, sofa, or the like, on which one sits. 3. the part of the… …   Universalium

  • seat — [[t]sit[/t]] n. 1) something designed to support a person in a sitting position, as a chair or bench 2) the part of something on which one sits: a chair seat[/ex] 3) the buttocks 4) the part of the garment covering the buttocks 5) a manner of or… …   From formal English to slang

  • seat — /sit / (say seet) noun 1. something for sitting on, as a chair or bench; the place on or in which one sits. 2. the part of a chair or the like on which one sits. 3. the part of the body on which one sits; the buttocks. 4. the part of the garment… …   Australian English dictionary

  • seat on exchange — A term of art for membership in a stock or commodity exchange, constituting a right to do business on the exchange, subject to the rules thereof. Sometimes regarded as property, at other times as a mere personal license or privilege, but in any… …   Ballentine's law dictionary

  • The Venetian Macao — Casino infobox casino=The Venetian Macao theme= address= logo= rooms=3,000 Suites date opened=August 28, 2007 space gaming= 550.000 ft² (51.000 m²) attractions= shows= restaurants= owner=Las Vegas Sands casino type=Land Based renovations= names… …   Wikipedia

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