The NYSE American Options market blends customer priority and size pro-rata allocation with the benefit of an open outcry trading floor in New York to offer traders deep liquidity across listed option contracts. NYSE American is part of a dual market structure that combines access to American and Arca options through a single integrated technology platform.

Membership Process

Apply for Membership to any, or all, of our five Exchanges, across equities and options, by completing one form.

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.

STEP 2 - FILL OUT THE NECESSARY FORMS

Broker Dealers interested in obtaining Membership in order to trade directly on any one of our Exchanges must complete the NYSE Membership Application and Master User Agreement.

When submitting the Membership Application and all supporting documentation please send via email to Client Relationship Services at [email protected]. Please ensure all attachments are clearly labeled.

Trading rights are granted through American Trading Permits (ATPs). These permits entitle holders of ATPs to trade options on the options trading facilities of the Exchange, including the electronic platform and the physical trading floor. The NYSE American platform provides for five types of Market Participants: Specialist, Floor Market Makers, Remote Market Maker, Agency Floor Brokers, and Order Flow Providers.

STEP 3 - CONNECT

Once the necessary Forms have been submitted, 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.

Contact Client Relationship Services using the "Contact Us" button above to explore your options.

Forms and Applications

Forms for Firms

NYSE Membership Application
To be completed by an Applicant seeking Membership to any NYSE Exchange or if the Applicant is seeking to add a new type of business on an NYSE Exchange

Application for Market Maker Registration
To be completed by Applicants seeking to conduct Market Maker activities on any NYSE Exchange

Master User Agreement
User Agreement to be completed by all Member Firms and NYSE Entities

AP Form
To be completed by an entity registering as an Approved Person

Options Clearing Letter of Consent
Agreement to be completed between a Member and a Clearing Member wishing to establish a new clearing relationship on any Options Exchange

Forms for Individuals

Application for Individual Registration and Non-Registered Associated Person (NRF) Designation
To be completed by Individuals seeking Exchange approval as a Clerk, Floor Broker, Floor Employee, Institutional Broker, Market Maker, Nominee or Voting Designee on any NYSE Exchange

Market Specific Additional Forms and Applications

OPTIONS TRADING PERMIT REQUEST FORM

Additional Information

Membership Fees can be found in our Price List: Current Trading Fees

Information Memo - New Membership Application and Updated Process for Material Change in Business

Connectivity

Access Details on Connecting to Our Markets

Membership Types


Individual Investors

At this time, retail investors do not have direct access to NYSE American Options. If you are a retail investor, please contact your brokerage firm to inquire whether it routes orders to NYSE American Options. You can gain entry to NYSE American Options through a direct-access brokerage firm.


Specialist

A Specialist is an assigned floor-based market maker who provides two-sided quotes on the NYSE American Options market. Specialists receive a guaranteed participation right if quoting at the National Best Bid and Offer (NBBO), subject to customer order priority. They are also required to provide continuous two-sided quotes 90% of the time the NYSE American Options market is open for trading. Only one Specialist may be identified for each underlying product.


Floor Market Maker

A Floor Market Maker (FMM) has certain obligations. Each FMM can choose the number of issues they want to trade, restricted only by the number of ATPs they purchase. In addition, FMMs must select a Trading Zone on the Floor as part of their Primary Appointment. Trades affected by open outcry in the appointed Trading Zone are included in calculating the Primary Trading requirement. FMMs need to provide continuous two-sided quotes in their selected electronic primary appointment issues 60% of the time the NYSE American Options market is open for trading.


Remote Market Maker

A Remote Market Maker (RMM) is an ATP Holder registered with NYSE American Options to make transactions from a location off the trading floor. RMM transactions that are executed through NYSE American Options facilities are deemed to be Market Maker transactions. Like FMMs, RMMs have a 60% quoting obligation.


Agency Floor Broker

An Agency Floor Broker (AFB) represents orders on the trading floor. The AFB must report all orders to the Options Price Reporting Authority (OPRA) within the guidelines established by NYSE American Options.


Order Flow Providers

An Order Flow Provider is any ATP member or member organization that acts as an agent to submit orders to NYSE American Options.

American Options Restricted Clearing Numbers

Effective August 1, 2019, clearing firms may file to restrict their OCC registered clearing numbers for give up business on NYSE American Options by submitting the NYSE American ATP Clearing Member Restriction Form. Once a Restriction Form is filed, the clearing firm name and restricted clearing number will be added to the list below. ATP Member Firms have 90 days to reach out to the clearing firm to request authorization to give up a restricted clearing number.


NYSE AMERICAN ATP CLEARING MEMBER RESTRICTION FORM

NYSE AMERICAN OPTIONS AUTHORIZATION OR REVOCATION OF RESTRICTED CLEARING NUMBER

Restricted Clearing Firm Name Restricted OCC Clearing Number
ABN AMRO Clearing Chicago LLC 0541
BofA Securities, Inc. 0161
BofA Securities, Inc. 0792
Goldman Sachs & Co. LLC 0010
Goldman Sachs & Co. LLC 0200
Goldman Sachs & Co. LLC 0840
Interactive Brokers LLC 0017
Merrill Lynch, Pierce, Fenner & Smith, Inc. 0671
Merrill Lynch Professional Clearing Corp 0519
Merrill Lynch Professional Clearing Corp 0540
Merrill Lynch Professional Clearing Corp 0551
Merrill Lynch Professional Clearing Corp 0552
Merrill Lynch Professional Clearing Corp 0598
Wolverine Execution Services, LLC 0365
X-Change Financial Access, LLC 0007

If you are an ATP Member Firm, and require authorization for a restricted give up, please contact Client Relationship Services at [email protected] for the clearing firm’s contact information.

If you are an ATP Member Firm and require access to an unrestricted give up, please submit the NYSE American Options Designated Give up Notification Form.


DESIGNATED GIVEUP REQUEST FORM

Membership Directory

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