Overview of a trading participant/Acquisition of trading qualifications

 

"Trading participant" refers to Financial Instruments Business Operators (securities companies), Transaction-at-Exchange Operators and Registered Financial Institutions holding qualifications to directly participate in Tokyo stock exchange or Osaka exchange market.
To become a trading participant, it has to pass exchange's qualification acquisition examination.
Furthermore, acquisition of Japan Securities Clearing Corporation clearing qualifications or (in cases where clearing will not be conducted by such operator) designation of an agency clearing participant with which clearing is entrusted is required when acquiring trading qualifications.

Types of trading participants

General Trading Participants

General Trading Participants are able to trade securities in an Exchange Securities Market that the TSE provides. (Limited to Financial Instruments Business Operators and Transaction-at-Exchange Operators.)

Futures, etc. Trading Participants

Futures, etc. Trading Participants are able to trade government bond futures transactions, index futures transactions, security options transactions, government bond futures options transactions and index options transactions in an Exchange Securities Market that the Osaka Exchange provides. (Limited to Financial Instruments Business Operators and Transaction-at-Exchange Operators.)

Government bond futures, etc. Trading Participants

Government bond futures, etc. Trading Participants are able to trade government bond futures transactions and government bond futures options transactions in an Exchange Securities Market that the Osaka Exchange provides. (Limited to Financial Instruments Business Operators, Transaction-at-Exchange Operators and Registered Financial Institutions.)