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What is ABC Agreement?

Definition of ABC Agreement

An ABC Agreement is a contract between a purchasing member with a seat on the New York Stock Exchange (NYSE) and the brokerage firm for which they work. The Agreement must be approved by the NYSE, and this agreement states that the employee of the firm can: transfer their seat to another employee in the same firm; retain ownership and purchase a new seat for another delegate of the firm and sell the seat and transfer any gains to the firm.
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