Exchange Member definition

Exchange Member means any registered broker or dealer that has been admitted to membership in the national securities exchange operated by the Company. An Exchange Member is not a member of the Company by reason of being an Exchange Member.

Exchange Member means any registered broker or dealer that has been admitted to membership in the national securities exchange operated by the Company. An Exchange Member is not a stockholder of the Company by reason of being an Exchange Member. An Exchange Member will have the status of a “member” of the Exchange as that term is defined in Section 3(a)(3) of the Act.

Exchange Member means any registered broker or dealer that has been admitted to membership in the national securities exchange operated by the Company. An Exchange Member is not an equity holder of the Company by reason of being an Exchange Member. An Exchange Member shall have the status of a “member” of the Exchange as that term is defined in Section 3(a)(3) of the Exchange Act.

Examples of Exchange Member in a sentence

• It will be a violation of Rule 520(b) for an Electronic Exchange Member to be a party to any arrangement designed to circumvent Rule 520(b) by providing an opportunity for a customer or other person (including affiliates) to regularly execute against agency orders handled by the Electronic Exchange Member immediately upon their entry into the System.

• Interpretations and Policies: .01 Rule 520(b) prevents an Electronic Exchange Member from executing agency orders to increase its economic gain from trading against the order without first giving other trading interest on the Exchange an opportunity to either trade with the agency order or to trade at the execution price when the Member was already bidding or offering on the Book.

• If an incoming order has not been directed to a Lead Market Maker by an Electronic Exchange Member, then the Primary Lead Market Maker’s participation entitlement will apply to that order, provided the Primary Lead Market Maker’s priority quote is at the NBBO.

• An Electronic Exchange Member may designate a Lead Market Maker (“Directed Lead Market Maker”) on orders it enters into the System (“Directed Orders”).

• Only Priority Customer Orders will be eligible to be directed by an Electronic Exchange Member.

More Definitions of Exchange Member

Exchange Member has the meaning set forth in the definition of “Related Persons.” “Excluded Class A Member” means each of UBS and Xxxxx Fargo.

Exchange Member means an individual or firm that is qualified by an exchange as a member and pays membership dues to an exchange in order to trade securities or products on an exchange.

Exchange Member means a person admitted to membership in the Exchange under the rules;

Exchange Member means (i) the owner of an Interest in an Affiliate Program who has voluntarily entered into an Enrollment Agreement with Exchange Company; or (ii) an Affiliated Member.

Exchange Member has the meaning set forth in the definition of “Related Persons.” “Exempted Securities” has the meaning set forth in Section 1.4(a)(v) of Exhibit G. “Exercise Period” has the meaning set forth in Section 9.1(e).

Exchange Member means the Market Participant having been granted the status of Exchange Member pursuant to the Operator's “Rules On Membership and Market Participation”.

Exchange Member means (i) any registered broker or dealer, as defined in Section 3(a)(48) of the Exchange Act, that is registered with the SEC under the Exchange Act and that has been admitted to membership in the national securities exchange operated by a Company-Related SRO other than ISE SRO, (ii) any associated person of any registered broker or dealer (as determined using the definition of “person associated with a member” as defined under Section 3(a)(21) of the Exchange Act) that has been admitted to membership in the national securities exchange operated by a Company-Related SRO other than ISE SRO, or (iii) for so long as ISE Exchange is a Facility of ISE LLC, (a) any holder of Electronic Access Member Rights, as defined in the Second Amended and Restated Limited Liability Company Agreement of ISE LLC, and (b) any associated person of any holder of Electronic Access Member Rights (as determined using the definition of “person associated with a member” as defined under Section 3(a)(21) of the Exchange Act).