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Become a floor trader in nyse?

Updated: 9/14/2023
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15y ago

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You must buy a 1 year license to trade on the NYSE. They used to be called "seats". I believe they cost around $40,000.00 They used to be auctioned off to the highest bidder, but once the NYSE merged with Archipeligo, over half of the trades come in electronically.

http://www.nyse.com/pdfs/FAQ-Final.pdf

Or "clerk" for another person or firm and learn the ropes and once you save up your own money to buy a license and trade, strike out on your own. This is the traditional method, and you can look on monster.com or wall street journal classifieds for listings.

Call Eileen McElduff @ (212) 656-8499 or emcelduff@nyx.com for further questions.

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