FT MarketWatch

Nonmember firm

A broker/dealer in which none of the general partners (if a partnership) or officers (if a corporation) is a member of an Exchange, a self-regulatory organization, or a Clearing corporation. also called a nonmember corporation if the firm is a corporation. opposite of Member firm.

Related Terms: 12 Broker, Clear, Clearing, Call, Clearing corporation, Dealer, Deal, Exchange, Member firm, PPO, Ratio, Ring
Other Related Pages: Category: Brokerages Starting With: N
Additional Related Terms: 10-K, 1035 exchange, Asset/equity ratio, Automatic Clearing House, Above par, Accrual of discount, American Municipal Bond Assurance Corporation, American Stock Exchange, Amortization of premium, At par