|
Broker Dealers interested in obtaining NYSE Arca Options Membership must complete the customary application and agreements in order to trade on the NYSE Arca Options trading platform and become an Options Trading Permit (OTP) Holder.
Trading rights are granted through Options Trading Permits (OTPs); market participants are not required to purchase or lease seats. These permits entitle holders of OTPs to trade options on the options trading facilities of the Exchange, including the electronic platform and the physical trading floor. The NYSE Arca platform provides for four types of Market Participants: Lead Market Makers, Market Makers, Market Maker Authorized Traders and Order Flow Providers.
Every individual or organization applying to become the holder of an OTP must complete an Exchange prescribed application. To expedite the process, applications and forms may be faxed to Client Relationship Services at (312) 960-9647. Original documents must also be forwarded to the following address:
NYSE Arca, Inc.
c/o Client Relationship Services
100 S. Wacker Drive Suite 1800
Chicago, IL 60606
Applicants must complete General Application Forms 1 and 2, as applicable. Other forms listed may be completed based on the applicant’s organizational structure and intentions in trading on the facilities of the Exchange.
 NYSE Arca Options User's Manual (pdf)
General Application Forms
Form 1 - Nominee Application (pdf)
Individuals applying as a Nominee of an OTP Firm.
Form 2 - OTP Firm Application (pdf)
(Partnership, Corporation, Limited Liability Company, Sole Proprietor) Broker-Dealers (Corporations, LLCs, Partnerships, or Sole Proprietors) applying for an OTP at NYSE Arca.
Form 3 - NYSE Arca Lead Market Maker Application (pdf)
This is an application to become a registered Lead Market Maker. Prior to submitting the application; an applicant Broker-Dealer must have completed the Options Trading Permit ("OTP") application.
Allied Person / Approved Person Application (pdf)
This application is used for persons required to be approved as Allied Persons or Approved Persons with the exchange, and for whom the required disclosure information is not available on Web CRD.
NYSE Arca Options Sponsored Participant Application (pdf)
This application is used for persons who wish to gain access to the NYSE Arca Options platform through sponsorship by and existing OTP Holder.
SEC Forms
Form BD (pdf)
The Form BD is the Uniform Application for Broker-Dealer Registration. Broker-Dealers must file this form to register with the SEC, self-regulatory organizations (SROs) and jurisdictions through the Central Registration Depository (CRD) system, operated by the NASD.
Form U-4 (pdf)
Form U-4 Instructions (pdf)
The Form U-4 is the Uniform Application for Securities Industry Registration or Transfer. Representatives of broker-dealers, investment advisers, or issuers of securities must use this form to become registered in the appropriate jurisdictions and/or SROs. A full Form U-4 is required when filing for the first time. An applicant is under a continuing obligation to update information on their Form U-4 as changes occur.
Broker Dealers
Broker-dealer applicants must file a hard-copy version of the Form BD to the Securities and Exchange Commission. Once the initial filing is received, all pertinent broker-dealer information will be entered in the Central Registration Depository ("Web-CRD"). The Web-CRD is a database operated by the National Association of Securities Dealers for the purpose of maintaining registration information regarding broker-dealers for use by the Securities and Exchange Commission, self-regulatory organizations and state securities regulators. In order to file subsequent amendments to the Form BD, broker-dealers must complete a User Account Acknowledgment Form (UAAF) designating a representative as an Account Administrator. Once entitlement has been established for the Account Administrator, they will be responsible for accessing the broker-dealer account on Web-CRD and filing subsequent amendments to their Form BD. The account administrator will serve as the contact person between the broker-dealer and Web-CRD.
For the Initial Registration, mail your Form BD to the following Address:
NASD Central Registration Depository
P.O. Box 9495
Gaithersburg , MD 20898-9495
Individual Investors
Retail participants cannot become direct participants of NYSE Arca. Retail investors may contact their brokerage firm to inquire if that firm routes orders to NYSE Arca. A retail investor can gain entry to NYSE Arca only through a direct-access brokerage firm. Refer to the Options Trading Permit Directory.
|
