The NASDAQ OMX Group, Inc. launched the NASDAQ OMX BX (BX) market center on January 16, 2009. BX offers a low-cost venue for trading U.S. equities – allowing for a separate Reg NMS-protected quote.

Becoming a BX Member

Your firm is not required to be a NASDAQ or FINRA Member in order to become a BX member, but your firm must be a member of at least one other Self-Regulatory Organization (SRO).

Further information and guidance can be found in our BX Membership FAQs.

Current NASDAQ or FINRA member

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

  1. Complete the BX Short Form Membership Application and Agreement
  2. Complete the NASDAQ OMX Services Agreement if you don't have a signed Agreement on file.*
  3. Each application must be accompanied by a check for $2000 made payable to NASDAQ OMX BX. Please note that this fee is non-refundable.

*A signed NASDAQ OMX Services Agreement is not required if your firm has already signed one in conjunction with its NASDAQ Stock Market membership or to participate in NASDAQ-administered services, such as TRF and TRACE.*.

Proprietary Trading Firms that are not members of NASDAQ or FINRA but members of another SRO

If your firm is a Proprietary Trading Firm* that is not a member of NASDAQ or FINRA but is a member of another SRO, you must submit a Full BX Membership Application and Agreement containing all of the Supplemental Information required under BX rules.

  1. Complete the NASDAQ OMX BX Full Membership Application and Agreement.
  2. Complete the NASDAQ OMX Services Agreement
  3. Each application must be accompanied by a check for $2000 made payable to NASDAQ OMX BX. 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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