NYSE Equities Membership provides broker-dealers the high-tech solutions needed to make rapid, automated, and anonymous executions. Industry-leading member services experts discover and improve prices, dampen volatility, and add liquidity. Membership brings access to opening and closing auctions for primaries, brand visibility and direct connectivity.
Become a NYSE/NYSE MKT Equity Member
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. When applying for membership on NYSE you obtain reciprocity of membership on NYSE MKT for equities as well, and vice versa.
Step 2: Fill Out Relevant, Market-Specific Forms
To expedite the process, please email forms and applications directly to Client Relationship Services at crs@nyse.com.
Step 3: Connect
Once you have submitted the Membership Application and Agreements, 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. Review our Connectivity page and contact us to explore your options.
For questions regarding the application, supporting documentation, or process, please contact Client Relationship Services using the "Contact Us" button below.
The application and all supporting documentation should be sent via email to Client Relationship Services at crs@nyse.com. Please ensure all attachments are clearly labeled.
An original signed copy of Section 2 (Applicant Firm Acknowledgment) is required to be submitted directly to the Exchange along with the appropriate application fee. These documents should be mailed to:
Client Relationship Services
11 Wall Street, 15th Floor
New York, NY 10005
FINRA Member Firms
Firms that are FINRA members may apply for NYSE and NYSE MKT Equity Membership by completing the Membership Application, AP Form and purchasing a Trading License.
Non-FINRA Firms
Proprietary trading firms that are not existing FINRA Members, and are interested in becoming an NYSE and NYSE MKT Equity Member Organization, should complete the Membership Application, AP Form and purchase a Trading License. Additionally, firms that are not FINRA members must obtain membership with another Self Regulatory Organization (SRO). Please note that only proprietary trading firms can apply for NYSE and NYSE MKT Equity Membership under this application. Firms conducting a floor business and/or a public-dealing customer business are NOT eligible for this type of Membership, and must be members of FINRA.
Application for NYSE and MKT Equity Membership for Non-FINRA Members
Other Required Forms
AP Form
(Please refer to Information Memo 12-10 provided below under Additional Information for details regarding our Approved Person Rule requirements)
Forms for Individuals
NYSE Member and Floor Clerk Application
NYSE Securities Lending Representative Agreement
NYSE Equity Trading License Application
Connectivity
Access details on Connecting to our Markets
To directly connect to the NYSE and NYSE MKT the Member Firm must hold a Trading License and then can complete the below required documents to directly connect:
Common Access Point (CAP) Agreement
Algorithmic Routing Access Agreement Additional Information NYSE Trading License Fee Change for July 1, 2016 Information Memo 16-05 New Registration and Exam Requirements for Floor Clerks Information Memo 12-10 Amendments of Approved Persons Our unique next-generation trading model includes the following key market participants: Designated Market Makers, Trading Floor Brokers, Supplemental Liquidity Providers and Retail Liquidity Providers. Designated Market Makers (DMMs) are the only market participants that assume true accountability for maintaining a fair and orderly market:
NYSE Designated Market Maker Firms
- Brendan E. Cryan and Company, LLC
- Citadel Securities LLC
- GTS Securities LLC
- IMC Financial Markets
- Virtu Financial Capital Markets, LLC
NYSE MKT Designated Market Maker Firms
- Brendan E. Cryan and Company, LLC
- Citadel Securities LLC
- J. Streicher & Co., LLC
- Virtu Financial Capital Markets, LLC
Trading Floor Brokers
Brokers on the NYSE Trading Floor combine flexibility, judgment, automation and anonymity with state-of-the-art technology and order management tools.
- Trading floor brokers are positioned at the point of sale during openings, closings and unique intra-day occurrences to execute trades
- Trading floor brokers use e-Broker hand-held devices, e-Quotes, and algorithm programs to achieve individual parity with DMMs and the NYSE Display Book
- Trading floor brokers use handheld order-management devices to identify trader badge numbers, send Instant Messages, and to route all or part of a customer order to an external algo engine
Supplemental Liquidity Providers
Supplemental Liquidity Providers (SLPs) are high-volume trading members who add liquidity to the NYSE. The SLP program rewards aggressive liquidity suppliers who complement and add competition to existing quote providers.
- SLPs must maintain a bid or offer at the National Best Bid or Offer (NBBO) in each assigned security at least 10 percent of the trading day
- SLPs trade only for their proprietary accounts, not for public customers or on an agency basis
- SLPs that post liquidity in an assigned security that executes against incoming orders are awarded a financial rebate by the NYSE
Approved NYSE Supplemental Liquidity Providing (SLP-Prop) Firms
- HRT Financial LLC
- Jump Trading LLC
- Latour Trading, LLC
- Virtu Financial BD LLC
Approved NYSE Supplemental Liquidity Providing (SLMM) Firms
- Citadel Securities LLC
- KCG Americas LLC
- Goldman, Sachs & Company
Fact Sheets