Market Makers

Designated Market Makers

The Designated Market Maker (DMM) is at the center of the NYSE market and is the only participant to have true obligations for maintaining a fair and orderly market for assigned securities. DMMs must quote at the NBBO a specified percentage of the time. They must facilitate price discovery during market openings, closings and during periods of substantial trading imbalances and high volatility. This "high touch" approach is important for discovering and improving prices, dampening volatility, adding liquidity and enhancing value. Our expert Designated Market Makers add over 300 million shares of liquidity daily and are at the National Best Bid and Offer 33% of the time.

Experience our unique high-tech, high-touch market model.

There are 6 DMM firms on the floor of the NYSE. Please see their individual websites for additional information.

NYSE
Barclay’s Capital
GETCO
Knight Capital Group, LLC
Goldman Sachs & Co.
J Streicher & Co. LLC
Virtu Financial Capital Markets LLC

NYSE MKT
Brendan E. Cryan & Co.
Virtu Financial Capital Markets LLC
Knight Capital Group, LLC
J Streicher & Co. LLC

Other Key Participants
Trading Floor Brokers leverage their physical point-of-sale presence with information technologies and algorithmic tools to offer customers the benefits of flexibility, judgment, automation and anonymity with minimal market impact.

Supplemental Liquidity Providers
Supplemental Liquidity Providers, are electronic, high-volume members off the trading floor who are incented to add liquidity on the NYSE, complementing that of other quote providers. Each SLP is assigned a cross section of NYSE-listed securities and is obligated to maintain a bid or offer at the NBBO in each of their assigned securities at least 10 percent of the trading day. Their participation generates more quoting activity, leading to tighter spreads and greater liquidity at each price level. 

Other Market Makers and Brokers
Represent orders through NYSE’s automated trading. Many of the market makers on Nasdaq are also active on the NYSE.