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member firm
brokerage firm that has at least one membership on a major stock exchange, even though, by exchange rules, the membership is in the name of an employee and not of the firm itself.
A member firm is a trading firm which has membership of the London Stock Exchange .
The firm is permitted to deal in shares on behalf of its clients or on behalf of the firm itself.
See Also: Online share dealing service Stockmarket Centre ...
Member firm
Definition: [crh] Used for listed equity securities.
Member Firm
A brokerage firm that has at least one general partner, officer, or employee who is a member of the New York Stock Exchange.
Member Firm
An investment firm which is a member of the Exchange and which may deal in securities on the Exchange's market on behalf of its clients, or on behalf of the firm itself.
Member Firm
A partnership or corporation that owns a membership on an exchange.
Member Rate ...
Member Firm
A broker-dealer or stock brokerage company in which at least one of the principal officers is a member of a recognized stock exchange, a recognized self-governing body (i.e., the IDA), or a clearing corporation.
Member firm - A stock brokerage firm or investment dealer that is a member of a stock exchange or the Investment Dealers Association of Canada.
Merchandise - The goods bought and sold in a business.
Member firm
A securities brokerage firm organized as a partnership and having at least one general partner or employee who is a member of the New York Stock Exchange..top
Member organization ...
Member firm
Used for listed equity securities. Brokerage firm that has at least one membership on a major stock exchange even though, by exchange rules, the membership in the name of an employee and not of the firm itself.
Member Firm - Brokerage firm which is a member of a stock exchange or self-regulatory agency such as the NASD.
Midwest Stock Exchange - Regional stock exchange where a limited number of securities are bought and sold in the "third market." ...
Nonmember firm
Used for listed equity securities. Brokerage firm that is not a member of an organized exchange (NYSE). Such firms execute trades either through member firms, or on regional exchanges where they are members, or in the third market.
Member Firm
Enbridge Energy Management L
Limited Partnership
Blind Pool (business term) ...
Member firm of the American Stock Exchange registered as a trader to make stabilizing trades for its own account in particular securities.
A member firm of the Clearing House. Each clearing member must also be a member of the exchange. Not all members of the Exchange, however, are members of the clearing organization.
FINRA member firms are subject to a 'suitability' requirement; this is described in the Financial Industry Regulatory Authority (FINRA) Rule 2310.
Stock Exchange member firms which are obliged to make a continuous two-way price, that is to offer to buy and sell securities during market hours.
market size
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Maturity Date - Date on which a bond or other debt security expires and any outstanding principal is paid to bond holders.
Member Firm - Brokerage firm which is a member of a stock exchange or self-regulatory agency such as the NASD.
On an exchange, the member firm that is designated as the market maker (or dealer for a listed common stock. Only one specialist can be designated for a given stock, but dealers may be specialists for several stocks.
[OTS] Account Management Profile System (AMPS) Provides access to information helpful to the NYSE staff in managing day-to-day relationships with listed companies, member firms, and institutions.
Ten-Day Rule The New York Stock Exchange rule permitting member firms (brokers) to vote in favor of management ten days or less before the meeting, ...
Registered equity market maker Member firm of the American Stock Exchange registered as a trader to make stabilizing trades for its own account in particular securities.
LEGAL A computerized database maintained by the NYSE to keep track of enforcement actions, audits, and complaints against member firms. This term is not an acronym but is referred to in capitals.
Net capital requirement SEC requirement that member firms and nonmember securities broker-dealers maintain a maximum ratio of indebtedness to liquid capital of 15 to 1.
Clearing member A member firm of a clearing house. Each clearing member must also be a member of the exchange. Not all members of the exchange, however, are members of the clearing organization.
(1) Term used in a securities transaction involving three brokers, as follows: Broker A, a floor broker, executes a buy order for broker B (a member firm broker who has too much business at the time to execute the order).
(Another member firm broker who has too much business at the time to execute the order.) The broker with whom broker A completes the transaction (the sell side broker) is broker C.
Member firm A brokerage partnership with one officer or employee who is also a member of the NYSE. Member organization Member firms and member corporations. Merger Any combination of two or more companies.
(kärtl´), national or international organization of manufacturers or traders allied by agreement to fix prices, limit supply, divide markets, or to fix quotas for sales, manufacture, or division of profits among the member firms.
Since the essence of the cartel's strategy is to restrict the total production of their product below the levels the member firms would produce if left to themselves (that is, ...
Exchange members interested in buying and selling a particular stock on behalf of investors gather around the appropriate post where a specialist broker, who is employed by a NYSE member firm (that is, ...
After Hours Volume An electronic entry by an NASD Member firm representing the number of shares involved in a transaction of a NADAQ security during the current day's After Hours session.
Instead of standing between two individual traders, therefore, the clearinghouse stands between two exchange member firms. Each firm monitors its own customers and makes a 'margin call' when the customer's losses make additional margin necessary.
Only NASD member firms who are also market makers have Level III quotes capability. NASDAQ restricts Level III quotes access to its registered member brokerages and institutions.
BROKER DEALER A NASD member firm that acts as an intermediary in security transactions and/or buys and sells securities from their own account.
Financial and operations principal: Person in a NASD-member firm who is responsible for the financial reports of the firm, keeping of books and records, supervision of back office operations, and compliance with financial responsibility rules, ...
Member Firm
A trading firm of brokers or market makers that is a member of an exchange. Member firms may deal in shares on behalf of itself or on behalf...(Read more)
Member-nominated Director
...(Read more) ...
INVESTMENT HISTORY - The history of a member firm that establishes certain norms in respect of its inve...
INVESTMENT HORIZON - Is the actual or expected period that a financial position will be held. Some orga...
As a backdrop to these actions, it came to light that the NYSE had failed to enforce its own capital requirements against certain member firms at the height of the paperwork crisis.
Members Firms of Markets
Member firms of markets are investment service providers ("entreprises d'investissement" or "établissements de crédit") licensed to trade in securities and/or clear securities transactions.
Market makers
Stock exchange member firms that are obliged to make a continuous two-way price - that is, to offer to buy and sell securities - during market hours.
For example, two clients execute a trade through two different clearing member firms. The clients are solvent but at the end of the day one of the clearing members is not.
Broker/Dealer
An Exchange member firm, which provides advice and dealing services to the public and can deal on its own account.
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C ...
Exchange members
See: Member firm; seat
Exchange offer
An offer by a firm to give one security, such as a bond or preferred stock, in exchange for another security, such as shares of common stock.
The total amount of credit given by NYSE member firms to finance customers purchasing securities.
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Personal Finance Glossary ...
Provides funds for to protect customers' cash and securities that may be on deposit with a SIPC member firm in the event the firm fails and is liquidated under the provisions of the SIPC Act. SIPC is not a government agency.
High speed communication interface between large member firms' mainframes and the Nasdaq system for more efficient transfer of information.
Complaints from consumers of banks, IDA members, MFDA members, Investment Funds Institute of Canada member firms, and most federally regulated trust and loan companies will be reviewed provided the firm was unable to resolve the matter.
Exchange members
See: Member firm; seat
Exchange of assets
Acquisition of another company by purchase of its assets in exchange for cash or stock.
A test required in some states for registered representatives who are employees of member firms of the NASD or over-the-counter brokers.
Uniform Transfers to Minors Act (UTMA) ...
Anyone taking the exam must be sponsored by an NASD member firm or an industry self-regulatory organization (SRO).
Settlement agent ...
National Conference of CPA Practitioners (NCCPAP)
NCCPAP is an association of member firms in public practice owned 100% by CPAs.
Securities Investor Protection Corporation
The nonprofit corporation that insures customer accounts of member firms against the failure of those firms. Accounts are insured up to $500,000 with a limit of $100,000 in cash.
Keiretsu firms are linked to one another through a network of formal and informal ties including cross-shareholdings, time-honored buyer-supplier arrangements, interlocking corporate directorates, interchange of personnel between member firms, ...
The Institute for International Finance is a global association of leading banks and financial institutions. It acts as a policy forum on finance and regulation in emerging markets and promotes collaboration between member firms and multilateral ...
A trading service consisting of everything in Level 2, plus the ability to enter quotes, execute orders and send information. This service is restricted to NASD member firms that function as registered market makers.
Also know as "Level III".
which is administered by NASD, is a 100-question multiple choice test that puts primary emphasis on knowledge of the products plus the securities and tax regulations that apply. Anyone taking the exam must be sponsored by either an NASD member firm ...
Floor broker Member of an exchange who is an employee of a member firm and executes orders, as agent, on the floorexchange for clients.
 See also: Banks, Expense, Values, Saving, Expected return
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