Allied member - Definition

Allied members are allowed access to the trading Floor to complete transactions on the New York Stock Exchange (NYSE).A person who is an officer or voting share holder of a firm with a membership is an allied member. The individual need not be a member of the New York Stock Exchange (NYSE). Allied members should meet the rules and regulations in the NYSE. The person also must pass a written examination. The person should own at least 5% stake in the member firm to be eligible to write the exam. The firm's directors, controlling partners and person considered to be a primary executive are also eligible.

Terms near "Allied member"

Alligator spread
Allowance for doubtful accounts
Allowance of depreciation
Alternate account
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