The New York Stock Exchange

NYSE MKT

Membership

When applying for membership on NYSE MKT you obtain reciprocity of membership on NYSE for equities as well, and vice versa. NYSE MKT Membership provides broker-dealers with the same the high-tech solutions needed to make rapid, automated, and anonymous executions. Industry-leading member services experts discover and improve prices, dampen volatility, and add liquidity. Membership brings access to opening and closing auctions for primaries, brand visibility and direct connectivity.

Membership Process

Become a NYSE/NYSE MKT Equity Member

Step 1: Qualify

Membership is available to registered and new U.S. based broker-dealers who obtain a Self Regulatory Organization (SRO) and have an established connection to a clearing firm. Individual investors are not eligible. When applying for membership on NYSE you obtain reciprocity of membership on NYSE MKT for equities as well, and vice versa.

Step 2: Fill Out Relevant, Market-Specific Forms

To expedite the process, please email forms and applications directly to Client Relationship Services crs@nyse.com.

Step 3: Connect

Once you have submitted the Membership Application and Agreements, you can begin the connectivity process right away. Firms can connect to our markets directly or through a Service Bureau in a number of different ways. Review our Connectivity page and contact us to explore your options.

How to Join

For questions regarding the application, supporting documentation, or process, please contact Client Relationship Services using the "Contact Us" button below.

The application and all supporting documentation should be sent via email to Client Relationship Services at crs@nyse.com. Please ensure all attachments are clearly labeled.

An original signed copy of Section 2 (Applicant Firm Acknowledgment) is required to be submitted directly to the Exchange along with the appropriate application fee. These documents should be mailed to:

Client Relationship Services
11 Wall Street, 15th Floor
New York, NY 10005


FINRA Member Firms

Firms that are FINRA members may apply for NYSE and NYSE MKT Equity Membership by completing the Membership Application, AP Form and purchasing a Trading License.

Non-FINRA Firms

Proprietary trading firms that are not existing FINRA Members, and are interested in becoming an NYSE and NYSE MKT Equity Member Organization, should complete the Membership Application, AP Form and purchase a Trading License. Additionally, firms that are not FINRA members must obtain membership with another Self Regulatory Organization (SRO). Please note that only proprietary trading firms can apply for NYSE and NYSE MKT Equity Membership under this application. Firms conducting a floor business and/or a public-dealing customer business are NOT eligible for this type of Membership, and must be members of FINRA.

Other Required Forms

  • AP Form
    (Please refer to Information Memo 12-10 provided below under Additional Information for details regarding our Approved Person Rule requirements)

Forms for Individuals

Connectivity

To directly connect to the NYSE and NYSE MKT the Member Firm must hold a Trading License and then can complete the below required documents to directly connect:

Additional Information

Membership Types

Our unique next-generation trading model includes the following key market participants: Designated Market Makers, Trading Floor Brokers, Supplemental Liquidity Providers and Retail Liquidity Providers.

Designated Market Makers (DMMs) are the only market participants that assume true accountability for maintaining a fair and orderly market:

  • DMMs manage a physical auction to combine with an automated auction that includes algorithmic quotes from other DMMs and market participants.
  • DMMs are required to meet stringent NYSE depth and continuity standards.  
  • To encourage participation and bolster market quality, DMMs are on parity with Display Book and floor broker quotes.

NYSE Designated Market Maker Firms

  • Brendan E. Cryan and Company, LLC
  • Citadel Securities LLC
  • GTS Securities LLC
  • IMC Financial Markets
  • J. Streicher & Co., LLC
  • KCG Americas LLC
  • Virtu Financial Capital Markets, LLC

NYSE MKT Designated Market Maker Firms

  • Brendan E. Cryan and Company, LLC
  • Citadel Securities LLC
  • J. Streicher & Co., LLC
  • Virtu Financial Capital Markets, LLC

Firms That Trade Nasdaq UTP on NYSE MKT

  • Brendan E. Cryan and Company, LLC
  • J. Streicher & Co., LLC
  • Virtu Financial Capital Markets, LLC

Trading Floor Brokers

Brokers on the NYSE Trading Floor combine flexibility, judgment, automation and anonymity with state-of-the-art technology and order management tools.

  • Trading floor brokers are positioned at the point of sale during openings, closings and unique intra-day occurrences to execute trades
  • Trading floor brokers use e-Broker hand-held devices, e-Quotes, and algorithm programs to achieve individual parity with DMMs and the NYSE Display Book
  • Trading floor brokers use handheld order-management devices to identify trader badge numbers, send Instant Messages, and to route all or part of a customer order to an external algo engine

Supplemental Liquidity Providers

Supplemental Liquidity Providers (SLPs) are high-volume trading members who add liquidity to the NYSE. The SLP program rewards aggressive liquidity suppliers who complement and add competition to existing quote providers.


  • SLPs must maintain a bid or offer at the National Best Bid or Offer (NBBO) in each assigned security at least 10 percent of the trading day
  • SLPs trade only for their proprietary accounts, not for public customers or on an agency basis
  • SLPs that post liquidity in an assigned security that executes against incoming orders are awarded a financial rebate by the NYSE

Approved NYSE Supplemental Liquidity Providing (SLP-Prop) Firms

  • Barclays Capital, Inc.
  • Goldman Sachs & Company
  • HRT Financial LLC
  • KCG Americas LLC
  • Latour Trading, LLC
  • BofA/Merrill
  • Tradebot Systems, Inc.
  • Virtu Financial BD LLC

Approved NYSE Supplemental Liquidity Providing (SLMM) Firms

  • Citadel Securities LLC
  • KCG Americas LLC
  • Goldman, Sachs & Company

Fact Sheets

Membership Directory