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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 SEC registered broker-dealers who have obtained 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.

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

NYSE Authorized Trader Form
To be completed by all Member Firms connecting to the NYSE Pillar platform to identify personnel authorized to conduct business with the NYSE Trading Operations Desk.

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, Designated Market Maker, Nominee or Voting Designee on any the respective NYSE Exchange.

Market Maker Authorized Trader (MMAT) Registration Form
To be completed by Individuals seeking Exchange approval as a Market Maker Authorized Trader (MMAT) on NYSE, NYSE Arca, NYSE American and/or NYSE National. The Exchange will review this document upon receipt, and Market Maker Registration becomes effective when the applicant receives approval notice from the Exchange.

NYSE Arca 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 Arca Options by submitting the Options 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. OTP Member Firms have 90 days to reach out to the clearing firm to request authorization to give up a restricted clearing number.

Options Clearing Member Restriction Form

Authorization of Restricted Clearing Number

Restricted Clearing Firm NameRestricted OCC Clearing Number
ABN AMRO Clearing Chicago LLC0541
BofA Securities, Inc.0161
BofA Securities, Inc.0733
BofA Securities, Inc.0792
BofA Securities, Inc.0519
BofA Securities, Inc.0540
BofA Securities, Inc.0551
BofA Securities, Inc.0552
BofA Securities, Inc.0598
Goldman Sachs & Co. LLC
Goldman Sachs & Co. LLC
Instinet, LLC0068
Interactive Brokers LLC0017
Merrill Lynch, Pierce, Fenner & Smith, Inc.
X-Change Financial Access, LLC0007

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

Options Designated Give Up Request Form

Membership Types

Market Makers

A Market Maker is an OTP holder or firm registered with NYSE Arca to submit quotes electronically and make transactions as a dealer-specialist. Market Makers can operate from on or off the trading floor.

Lead Market Makers

Lead Market Makers (LMMs) are Market Makers with more stringent obligations. In some cases, they receive participation guarantees. LMMs operate on or off the trading floor and perform Floor Broker functions if they meet specific requirements. Any OTP holder or firm registered as a Market Maker may apply to become a LMM. They must maintain specified cash or liquid assets based on the number of issues traded.

Market Maker Authorized Trader

A Market Maker Authorized Trader (MMAT) is licensed to enter quotes and orders on NYSE Arca for the account of a registered Market Maker firm. An MMAT can be an individual OTP holder or officer, partner, employee, or a trader associated with the OTP firm. A passing score on the appropriate Market Maker exam is required.

Order Flow Providers

If your firm currently enters option orders on NYSE Arca, no additional OTPs or changes are necessary.

Current Equity Trading Permit (ETP) holders on the NYSE Arca equity Platform who wish to enter options order can do so by acquiring an OTP.

Membership Directory