Buy a seat on the exchange

Posted by Audrey on March 27, 2009 at 18:03

I am looking for the ORIGIN of the phrase "buy a seat on the exchange". I know it's meaning but I think it goes back to early London and not originating on Wall Street. There is also a place called The Exchange in Bristol, England but I find no reference to "buying a seat" there.

• Buy a seat on the exchange ESC 29/March/09
  • Buy a seat on the exchange ESC 29/March/09
  • Buy a seat on the exchange ESC 29/March/09