Thank you for your interest in trading with NASDAQ OMX! Please review the membership procedures and documents for the market of your choice.

The NASDAQ Stock Market offers superior technology and trading efficiency for all U.S. equities. NASDAQ is an automatic execution venue that increases your speed of execution and provides unsurpassed capacity that ensures your quote updates and orders get processed nearly instantaneously.

How to Become a NASDAQ Member

FINRA Members

Firms that are FINRA members may submit an abbreviated application form.

  1. Complete the NASDAQ Waive-In Membership Application and Agreement.
  2. Complete the NASDAQ Services Agreement: Please sign both copies. (Retain one signed copy for your records.)
  3. Each application must be accompanied by a check for $2000 made payable to The NASDAQ Stock Market. Please note that this fee is non-refundable.

Proprietary Trading Firms that are not FINRA Members but Members of Another SRO

A proprietary trading firm* that is a member of another registered national securities exchange must submit a Full NASDAQ Membership Application and Agreement containing all of the Supplemental Information required under NASDAQ rules.

  1. Complete the NASDAQ Full Membership Application and Agreement. Consult Guidance for Submitting Supplemental Information (PDF) for assistance in completing the application.
  2. Complete the NASDAQ Services Agreement: Please sign both copies. (Retain one signed copy of the NASDAQ Services Agreement for your records).
  3. Complete the Written Supervisory Procedures Checklist.
  4. Each application must be accompanied by a check for $2000 made payable to The NASDAQ Stock Market. Please note that this fee is non-refundable.

Completed application documents can be sent to:

NASDAQ OMX Membership Department
1900 Market Street, 2nd Floor
Philadelphia, PA 19103-3584

Documents may also be submitted in PDF format via email to:
Membership@nasdaqomx.com

* A “proprietary trading firm” is defined as an applicant:

  • That is not required to become a member of FINRA but is a member of another exchange
  • Whose source of funds used for trading is the applicant’s own capital, trading through the applicant’s own accounts
  • That does not and will not have “customers” and whose principals and representatives who are acting as traders are owners of employees of or contractors to the applicant.

This page was last updated on 10/23/09

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