NYSE Arca Market Makers

Temujin79 said:
What does it take to become a market makers on NYSE Arca? https://www.nyse.com/markets/nyse-arca/market-making

Anyone worked as a professional market maker please share, I am curious and interested in becoming one.
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You only need $100K??!! to become a market maker according to this website?? That is no freaking way! That is way too cheap. How are you going to handle the big orders? Those 401k's could easily do trades way higher than $100K.
 
Exchange requirements and clearing firm requirements can be two vastly different numbers.
What the clearing will want will be vastly different. Also price compatible technology solutions.
It gets more expensive from there, but it can be done. There are off-the-shelf solutions you can buy. You'll, on most venues, need to be a b/d or your clearing firm may have a solution. Get some pricing first. Small MMs die every week - price, one that is up for sale.
 
ETJ said:
Exchange requirements and clearing firm requirements can be two vastly different numbers.
What the clearing will want will be vastly different. Also price compatible technology solutions.
It gets more expensive from there, but it can be done. There are off-the-shelf solutions you can buy. You'll, on most venues, need to be a b/d or your clearing firm may have a solution. Get some pricing first. Small MMs die every week - price, one that is up for sale.
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Where should I start with this journey? What sort of clearing firm handle small MMs? What sort of off the shelf solutions are there, do you have some names somewhere that I can start my research and inquiry?
 
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