NYSE Arca Equities Membership Types
The NYSE Arca equities platform provides for three types of participants: Market Makers, Lead Market Makers and Order Routing ETP Holders.
Market Makers
A Market Maker is an ETP holder or firm that has registered with NYSE Euronext to trade securities. Market Makers are obligated to maintain continuous two-sided Q Orders in all registered securities.
Lead Market Makers
Any registered Market Maker may apply to become a Lead Market Maker (LMM). LMMs operate off-the-exchange trading with more stringent quoting obligations and in some cases, participation guarantees. LMMs must maintain specified cash or liquid assets based upon the number of issues traded.
NYSE Arca Equity Lead Market Making Firms:
- Banc of America Specialist, Inc.
- Blue Fire Capital, LLC
- Cohen Capital Group, LLC
- Eucalyptus Partners LLC
- Goldman Sachs Execution & Clearing, LP
- Goldman, Sachs & Company
- IMC Financial Markets
- Jane Street Capital, LLC
- Kellogg Capital Markets, LLC
- Knight Equity Markets, L.P.
- LaBranche Capital LLC
- LaBranche Structured Products LLC
- Octeg, LLC
- OTA, LLC
- Sun Trading LLC
- Susquehanna Capital Group
- Timber Hill LLC
- Virtu Financial BD LLC
- Wolverine Trading LLC