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All Definitions »Allied Member
Allied Member Meaning & Definition
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Definition of Allied Member
An allied member of the NYSE is an owner director or 5% owner of an NYSE member firm. Allied members may not trade on the floor.
Applying "Allied Member" to Securities Exams:
All allied member firms are allowed to have wire access to the floor of the NYSE but are not allow to have a floor broker representing the firm standing in the trading crowd.