NYSE Equities Membership Types

Our unique next-generation trading model includes three key market participants: Designated Market Makers, Trading Floor Brokers and Supplemental Liquidity Providers

Designated Market Makers (DMMs) are the only market participants that assume true accountability for maintaining a fair and orderly market:

  • DMMs manage a physical auction to combine with an automated auction that includes algorithmic quotes from other DMMs and market participants.
     
  • DMMs are required to meet stringent NYSE Euronext depth and continuity standards.
     
  • To encourage participation and bolster market quality, DMMs are on parity with Display Book and floor broker quotes.

NYSE Designated Market Maker Firms
1. Barclays Capital
2. GETCO Securities, LLC 
3. Goldman Sachs & Co.
4. Knight Capital Group, Inc.
5. J. Streicher & Co., LLC
6. Virtu Financial Capital Markets, LLC

NYSE MKT Designated Market Maker Firms
1. Brendan E. Cryan and Company, LLC
2. J. Streicher & Co., LLC
3. Knight Capital Group, Inc.
4. Virtu Financial Capital Markets, LLC

Firms That Trade Nasdaq UTP on NYSE MKT
1. Barclays Capital
2. Brendan E. Cryan and Company, LLC
3. J. Streicher & Co., LLC
4. Knight Capital Group, Inc.

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.

NYSE Supplemental Liquidity Providing (SLP) Firms
1. Barclays Capital
2. Citadel Securities LLC
3. Goldman, Sachs & Co.
4. HRT Financial LLC
5. Knight Capital Americas, L.P.
6. BofA/Merrill 
7. Octeg, LLC 
8. Tradebot Systems, Inc.
9. Virtu Financial, LLC

For more information, please consult: