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 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

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

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 NYSE Arca OTP Clearing Firm Restriction Form. Once a Restriction Form is filed, the clearing firm name and restricted clearing number will be added to the list below. OTP Firms have 90 days to reach out to the clearing firm to request authorization to give up a restricted clearing number.


NYSE ARCA OTP CLEARING FIRM RESTRICTION FORM

NYSE ARCA 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
X-Change Financial Access, LLC 0007

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


DESIGNATED GIVEUP 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

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