Exchange Member - Exchange Member

Japanese: 取引所会員 - とりひきじょかいいん

Under the Securities and Exchange Act, Japanese stock exchanges are non-profit corporations with member organizations, with members limited to securities companies (including foreign securities companies as specified by government ordinance), and only members of the stock exchange can trade on the securities market established by the exchange. Members are divided into regular members and special members called Saitori members and special members. Regular members are persons whose business is to carry out trading in their own name, on their own account or on behalf of customers, and when simply referred to as members, this refers to regular members.

Source: Heibonsha World Encyclopedia, 2nd Edition Information

Japanese:

証券取引法により，日本の証券取引所は会員組織の非営利法人とされ，会員は証券会社(政令で定める外国証券会社を含む)に限るものとし，証券取引所の開設する有価証券市場における売買取引は，その証券取引所の会員でなければできないことになっている。会員は，正会員ならびに特殊な会員である才取（さいとり）会員および特別会員に分けられる。正会員は，自己の名で，自己の計算または顧客からの委託に基づいて，売買取引を行うことを業務とする者であり，単に会員と呼ぶ場合はこの正会員を指す。

出典　株式会社平凡社世界大百科事典第２版について　情報

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