### Question
How is the term member of a contract market defined?


### Answer
The term **member of a contract market** is defined in *7 U.S.C. § 1a* as the following:

> an individual, association, partnership, corporation, or trust owning or holding membership in, or admitted to membership representation on, a contract market or given members’ trading privileges thereon

#### Citation:
  - *7 U.S.C. § 1a*
  - Heading: **CHAPTER 1-COMMODITY EXCHANGES**

