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Finance Dictionary and Glossary of Investment Terms
sition of membership on a securities or commodity exchange, bought and sold at market prices.
Membership on an exchange, a requirement for transacting business on that exchange. also called exchange 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).