| Member Firm | |
 A broker-dealer in which at least one of the principal officers is a member of either the NYSE, another major stock exchange, a self-regulatory organization or a clearing house corporation. Also referred to as "clearing member". |
|
 One seat (membership) on the NYSE usually costs more than $1 million! |
|
 Brokers and Online Trading - How do you find the right broker for your investment needs? Start by reading our broker tutorial. What does membership in the NYSE entail, and why is it known as "owning a seat"? |
|
Related Terms
 |