Membership Process

Broker Dealers interested in obtaining NYSE Arca Options Membership must complete the 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). An OTP entitles you to trade options on the NYSE Arca Options facilities, including the electronic platform and the physical trading floor. The NYSE Arca platform is available to five types of market participants:

  • Lead Market Makers
  • Market Makers
  • Market Maker Authorized Traders
  • Agency Floor Brokers
  • Order Flow Providers

Every individual or organization applying for an OTP must complete an Exchange prescribed application and General Application Forms 1 and 2, as applicable. Other documents listed may be completed based on your organizational structure and intentions in trading on the facilities of the Exchange.

To expedite the process, you may submit your application and accompanying forms to Client Relationship Services by clicking the Contact Us button below and submitting the information via the email link provided.

For questions regarding the application, supporting documentation, or process, please feel free to contact Client Relationship Services using the “Contact Us” button below.

Application and all supporting documentation are preferred electronically and should be sent via email to Client Relationship Services at crs@nyx.com, or by using the “Contact Us” button below. Please ensure all attachments are clearly labeled.

Individual Investors

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

If you need additional assistance please contact Client Relationship Services at the email or phone number below.

Membership Directory

Name Address Phone/Fax
ABN AMRO Clearing Chicago LLC
www.abnamroclearing.com/en
175 West Jackson Blvd. 4th Floor
Chicago IL 60604
P: +1 312 604 8000
Akuna Securities LLC
36 S. Wabash Avenue Suite 310
Chicago IL 60603
P: +1 312 994 4640
Andrie Trading LLC 440 South LaSalle Street Suite 1910
Chicago IL 60605
P: +1 312 431 7393
Apex Clearing Corporation
www.apexclearing.com
1700 Pacific Avenue Suite 1400
Dallas TX 75201
P: +1 214 765 1100
Archipelago Securities LLC
www.tradearca.com
100 South Wacker Drive Suite 1800
Chicago IL 60606
P: +1 312 960 1696
Automated Trading Desk Financial Services LLC
www.atdesk.com
11 East Wall Street
Mount Pleasant SC 29464
P: +1 843 789 2080
Name Address Phone/Fax
BATS Trading Inc.
www.batstrading.com
8050 Marshall Drive Suite 120
Lenexa KS 66214
P: +1 816 221 8002
F: +1 816 221 7089
BMO Capital Markets Corp.
www.bmocm.com
3 Times Square 27th Floor
New York NY 10036
P: +1 212 702 1200
F: +1 212 702 1204
BNP Paribas Securities Corp.
www.bnpparibas-us-info.com
787 Seventh Avenue
New York NY 10019
P: +1 212 841 3000
F: +1 212 841 2146
BTIG LLC
www.btig.com
600 Montgomery Street 6th Floor
San Francisco CA 94111
P: +1 415 248 2200
Barclays Capital Inc.
www.barcap.com
745 Seventh Avenue
New York NY 10019
P: +1 212 526 7000
Belvedere Trading LLC
www.belvederetrading.com
10 South Riverside Drive Suite 2100
Chicago IL 60606
P: +1 312 893 3750
F: +1 312 376 0797
BlueFin Trading LLC
www.bluefintrading.com
3 Park Avenue 37th Floor
New York NY 10016
P: +1 212 457 9150
Name Address Phone/Fax
CIBC World Markets Corp.
www.cibcwm.com
425 Lexington Avenue
New York NY 10017
P: +1 212 856 4000
CTC (Chicago Trading Company) LLC
www.chicagotrading.com
440 S. LaSalle Street 4th Floor
Chicago IL 60605
P: +1 312 863 8113
Casey Securities LLC 220 Montgomery Street Suite 462
San Francisco CA 94104
P: +1 415 544 9100
Citadel Securities LLC
www.citadelgroup.com/securities/about-securities.php
131 South Dearborn Street 32nd Floor
Chicago, IL 60603
P: +1 312 395 3116
Citigroup Derivatives Markets Inc. 130 Cheshire Lane Suite 102
Minnetonka MN 55305
P: +1 952 475 5607
Cowen and Company LLC
www.cowen.com
599 Lexington Ave., 20th Floor
New York, NY 10020
P: +1 646 562 1000
Compass Professional Services LLC 111 West Jackson Blvd
Chicago IL 60604
P: +1 310 692 5910
ConvergEx Execution Solutions, LLC
www.convergex.com/
1633 Broadway 48th Floor
New York, NY 10019
+1 212 468 7500
Credit Suisse Securities (USA) LLC
www.credit-suisse.com
11 Madison Avenue
New York NY 10010-3629
P: +1 212 325 2000
F: +1 212 325 6665
Cutler Group LP
www.cutlergrouplp.com
101 Montgomery Street Suite 700
San Francisco CA 94104
P: +1 415 781 7430
Name Address Phone/Fax
DART Executions LLC
www.dartexecutions.com
350 N. Orleans Street Suite 2N
Chicago IL 60654
P: +1 312 244 5900
Daiwa Capital Markets America Inc.
www.daiwausa.com
32 Old Slip Financial Square
New York NY 10005
P: +1 212 612 7000
Dash Financial, LLC
 
910 W. Van Buren St
Chicago IL 60607
P: (888) 569-3274
Deutsche Bank Securities Inc.
www.db.com
60 Wall Street
New York NY 10005
P: +1 212 250 2500
Diffusion Markets LLC 1166 Avenue of the Americas 9th Floor
New York NY 10036
P: +1 212 478 0000
F: +1 212 845 1128
Name Address Phone/Fax
Equitec Proprietary Markets LLC
www.eqtc.com
111 West Jackson Blvd. 20th Floor
Chicago IL 60604
P: +1 312 692 7625
F: +1 312 692 5080
Name Address Phone/Fax
First Clearing LLC
www.firstclearing.com
901 East Byrd Street 12th Floor Mail Code WS2491
Richmond VA 23219
P: +1 804 965 2200
Name Address Phone/Fax
Global Execution Brokers LP 401 City Avenue
Bala Cynwyd PA 19004
P: +1 610 617 2661
Goldman Sachs Execution & Clearing LP
www.gs.com
30 Hudson Street
Jersey City NJ 07302
P: +1 212 433 2266
F: +1 212 433 7489
Goldman Sachs & Company
www.gs.com
200 West Street
New York NY 10282-2198
P: +1 212 902 1000
F: +1 212 902 3000
Group One Trading LP
www.group1.com
2 Rector Street Suite 1001
New York NY 10006
P: +1 646 827 6000
F: +1 646 827 6001
Name Address Phone/Fax
HAP Trading LLC 33 Whitehall Street 6th Floor
New York NY 10004
P: +1 212 380 5115
HRT Financial LLC
www.hudson-trading.com
32 Old Slip 30th Floor
New York NY 10005
P: +1 212 293 1444
F: +1 212 293 1939
HSBC Securities (USA) Inc.
www.hsbcnet.com
452 Fifth Avenue
New York NY 10018
P: +1 212 525 5000
F: +1 908 203 4211
Hardcastle Trading USA LLC 755 Secaucus Road Suite F1110
Secaucus NJ 07094
P: +1 201 305 8888
Name Address Phone/Fax
IMC Financial Markets
www.imc-trading.com
233 South Wacker Drive Suite 4610
Chicago IL 60606
P: +1 312 362 3713
F: +1 312 362 3711
ITG Derivatives LLC
www.itg.com
601 South LaSalle Street Suite 300
Chicago IL 60605
P: +1 312 334 8000
Instinet LLC
www.instinet.com
Three Times Square
New York NY 10036
P: +1 212 310 9500
Interactive Brokers LLC
www.interactivebrokers.com
One Pickwick Plaza 1st Floor
Greenwich CT 06830
P: +1 203 618 5700
F: +1 203 618 5770
Name Address Phone/Fax
J.P. Morgan Clearing Corp.
www.globalclearing.com
One Metrotech Center North
Brooklyn NY 11201
P: +1 347 643 1000
J.P. Morgan Securities LLC
www.jpmorgan.com
383 Madison Avenue
New York NY 10179
P: +1 212 272 2000
F: +1 212 272 4785
Jefferies LLC
www.jefferies.com
520 Madison Avenue 11th Floor
New York NY 10022
P: +1 212 284 2300
Jump Trading LLC
www.jumptrading.com
600 West Chicago Avenue, Suite 825
Chicago IL 60654
P: +1 312 205 8900
Name Address Phone/Fax
Knight Capital Americas LLC
www.knight.com
545 Washington Blvd.
Jersey City NJ 07310
P: +1 201 222 9400
F: +1 201 557 6853
Name Address Phone/Fax
Lek Securities Corporation
www.leksecurities.com
1 Liberty Plaza 165 Broadway
New York NY 10006
P: +1 212 509 2300
F: +1 212 509 3540
Lime Brokerage LLC
www.limebrokerage.com
625 Broadway 12th Floor
New York NY 10012
P: +1 212 824 5000
F: +1 212 219 6091
Name Address Phone/Fax
MF Global Inc.
www.mfglobal.com
440 South LaSalle Street 20th Floor
Chicago IL 60605
P: +1 312 663 7500
F: +1 312 663 7524
Merrill Lynch Professional Clearing Corp. 222 Broadway 6th Floor
New York NY 10038
P: +1 212 670 2000
Merrill Lynch Pierce Fenner & Smith Inc.
www.ml.com
1 Bryant Park
New York NY 10036
P: +1 212 449 1000
F: +1 212 449 7461
Morgan Stanley & Co. LLC
www.ms.com
1585 Broadway 4th Floor
New York NY 10036
P: +1 212 761 4000
F: +1 212 762 4857
Name Address Phone/Fax
Nasdaq Execution Services, LLC
www.nasdaqtrader.com
One Liberty Plaza 165 Broadway, 51st Fl.
New York NY 10006
P: +1 212 401 8982
National Financial Services LLC
www.nationalfinancial.com
200 Seaport Boulevard
Boston MA 02110
P: +1 800 800 6890
F: +1 212 945 1254
New Albion Partners LLC 220 Montgomery Street Suite 462
San Francisco CA 94104
P: +1 415 544 9100
Nomura Securities International Inc.
www.nomura.com
2 World Financial Center Building B 18th Floor
New York NY 10281-1198
P: +1 212 667 9000
F: +1 212 667 1058
Name Address Phone/Fax
OTA LLC
www.otallc.com
One Manhattanville Road Suite 460
Purchase NY 10577
P: +1 914 694 5800
Oppenheimer & Co. Inc.
www.opco.com
125 Broad Street 15th Floor
New York NY 10004
P: +1 212 668 8000
F: +1 212 480 3494
Optiver US LLC
www.optiver.com
130 E. Randolph Street Suite 1300
Chicago IL 60601
P: +1 312 821 9500
F: +1 312 821 9910
Name Address Phone/Fax
PEAK6 Capital Management LLC
www.peak6.com
141 West Jackson Blvd. Suite 500
Chicago IL 60604
P: +1 312 362 2401
Pershing LLC
www.pershing.com
One Pershing Plaza
Jersey City NJ 07399
P: +1 201 413 2301
F: +1 201 369 0984
Name Address Phone/Fax
Quantlab Securities LP
www.quantlab.com
4200 Montrose Blvd. Suite 200
Houston TX 77006
P: +1 713 333 3700
Name Address Phone/Fax
RBC Capital Markets LLC
www.rbccm.com
One Liberty Plaza 165 Broadway
New York NY 10006
P: +1 212 858 7000
Raymond James & Associates, Inc.
www.rjf.com
880 Carillon Parkway P.O. Box 12749
Saint Petersburg, FL 33716
P: +1 727 573 3800
Name Address Phone/Fax
SG Americas Securities LLC
www.sgcib.com
1221 Avenue of the Americas
New York NY 10020
P: +1 212 278 6000
F: +1 212 278 7068
Sanford C. Bernstein & Co. LLC
www.bernstein.com
1345 Avenue of the Americas 15th Floor
New York NY 10105
P: +1 212 486 5800
Southwest Securities Inc.
www.swst.com
1201 Elm Street Suite 3500
Dallas TX 75270
P: +1 214 859 9164
Spot Trading LLC
www.spottradingllc.com
440 South LaSalle Street Suite 2800
Chicago IL 60605
P: +1 312 352 4569
Student Options LLC 3138 Via Larga
Alamo CA 94507
P: +1 415 954 1680
Sumo Capital LLC 141 West Jackson Blvd. Suite 1280
Chicago IL 60604
P: +1 312 604 6602
Name Address Phone/Fax
TMT East LLC 120 Broadway 20th Floor Suite 2070-17
New York NY 10271
P: +1 917 834 8105
F: +1 312 362 4025
Timber Hill LLC
www.interactivebrokers.com
One Pickwick Plaza
Greenwich CT 06830
P: +1 203 618 5800
TradeStation Securities Inc.
www.tradestation.com
8050 Southwest 10th Street Suite 2000
Plantation FL 33324
P: +1 954 652 7900
Name Address Phone/Fax
UBS Financial Services Inc.
www.ubs.com/financialservicesinc
1000 Harbor Boulevard
Weehawken NJ 07086
P: +1 201 352 3000
UBS Securities LLC
www.ubs.com
1285 Ave of the Americas
New York NY 10019
P: +1 203 719 3000
F: +1 203 719 1188
Name Address Phone/Fax
Virtu Financial BD LLC
www.vfinllc.com
645 Madison Avenue 16th Floor
New York NY 10022
P: +1 212 418 0116
F: +1 212 418 0123
Vision Financial Markets LLC
www.visionfinancialmarkets.com
4 High Ridge Park Suite 100
Stamford CT 06905
P: +1 203 388 2700
F: +1 203 321 0071
Volant Liquidity LLC
www.volanttrading.com
7 World Trade Center Suite 3301
New York NY 10007
P: +1 646 484 3000
F: +1 646 484 3001
Name Address Phone/Fax
Walleye Trading LLC
www.walleyesoftware.com
14601 27th Ave N Suite 102
Plymouth MN 55447
P: +1 952 345 6611
Wedbush Securities Inc.
www.wedbush.com
1000 Wilshire Blvd. P.O. Box 30014
Los Angeles CA 90030
P: +1 213 688 8000
F: +1 213 688 6655
Wells Fargo Securities, LLC
www.wellsfargo.com
301 South College Street
One Wachovia Center, Eighth Floor
Charlotte NC 28288
P: +1 704 374 3369
White Bay PT, LLC
whitebaygroup.com
140 Broadway 38th Floor
New York, NY 10005
P: +1 646 651 4380
F: +1 718 732 2033
William Blair & Company LLC
www.williamblair.com
222 West Adams Street
Chicago IL 60606
P: +1 312 236 1600
Wolverine Execution Services LLC
www.tradewex.com
175 West Jackson Blvd. Suite 200
Chicago IL 60604
P: +1 312 884 3689
F: +1 646 485 7101
Wolverine Trading LLC
www.wolve.com
175 West Jackson Blvd. Suite 200
Chicago IL 60604
P: +1 312 884 3788
F: +1 312 884 3828
Name Address Phone/Fax
X-Change Financial Access
www.x-fa.com
440 South LaSalle Street Suite 2900
Chicago IL 60605
P: +1 312 235 0320
XR Securities LLC 550 West Jackson Blvd. Suite 1000
Chicago IL 60661
P: +1 312 244 4500
Name Address Phone/Fax
     
Name Address Phone/Fax
     
Name Address Phone/Fax

How to Join

General Application Forms

Individuals applying as a Nominee of an OTP Firm.

Broker-Dealers (Corporations, Limited Liability Companies, Partnerships, or Sole Proprietors) applying for an OTP at NYSE Arca.

This is an application to become a registered Lead Market Maker. Prior to submitting the application, an applicant Broker-Dealer must complete the Options Trading Permit (OTP) application.

This application is used for persons required to be Approved Persons with the Exchange for NYSE Arca DEA applicant firms, and for whom the required disclosure information is not available on Web CRD.

Market Makers are required to pass a new member exam. This Orientation Manual covers the topics tested on the new member exam.

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 Traders

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 option orders can do so in one of two ways:

a) Acquire an OTP, or
b) Become a Sponsored Participant

A Sponsored Participant enters into an agreement with an approved OTP Holder (Sponsoring OTP). A Sponsoring OTP Holder is a broker-dealer designated by a Sponsored Participant to execute, clear, and settle transactions on NYSE Arca on their behalf.

Contact Us