NYSE American | Membership

NYSE American Equities

Membership

When applying for membership on NYSE American you obtain reciprocity of membership on NYSE for equities as well, and vice versa. NYSE American Membership provides broker-dealers with a price-time priority execution model similar to NYSE Arca. Membership brings access to features designed to facilitate increased midpoint trading such as a delay on incoming orders and proprietary market data and a Discretionary Peg Order that executes up to the midpoint if the quote is deemed stable or rests passively if deemed unstable.

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.

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

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

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

NYSE American Market Maker Orientation
The Market Maker Orientation is an introduction to NYSE American Market Maker access, obligations, requirements and order types. Please review and certify that you have completed and understand the policies and procedures set forth in the Market Maker Orientation by signing the last page of the PowerPoint and returning it to Client Relationship Services.

NYSE American will review this document upon receipt, and Market Maker Registration becomes effective when the applicant receives approval notice from the NYSE American.

Market Specific Additional Forms and Applications

NYSE Securities Lending Representative Agreement

Additional Information

Information Memo 12-10 Amendments of Approved Persons

Membership Fees can be found in our Price List: NYSE American Price List

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

Connectivity

Access Details on Connecting to Our Markets

Membership Types

The NYSE American equities platform provides for two types of participants: Market Maker/Market Maker Authorized Traders (MMATs) and Electronic Designated Market Makers (eDMMs).

Market Makers (MMAT)

A Market Maker is an ETP holder or firm that has registered with NYSE American to trade securities. Market Makers are obligated to maintain continuous two-sided Q Orders in all registered securities.

Electronic Designated Market Makers (EDMM)

A registered Market Maker may apply to become an Electronic Designated Market Maker (eDMM). eDMMs may operate on or off-the-exchange trading with more stringent quoting obligations and in some cases, participation guarantees. eDMMs must maintain specified cash or liquid assets based upon the number of issues traded.

NYSE American Electronic Designated Market Maker Firms (EDMMs)
  • Brendan E. Cryan and Company, LLC
  • Citadel Securities LLC
  • J. Streicher & Co.

Membership Directory