seat on the exchange

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• 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

• 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

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• 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

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