A member of a futures exchange refers to a legal person or natural person who meets the conditions for membership of the exchange and fulfills the rights and obligations of an exchange member in accordance with the rules of the exchange. There are many kinds of members of the exchange, which vary from country to country. Traditionally, American stock exchanges have adopted the individual membership system, and the number of members is limited by quotas. Therefore, the exchange has established a corresponding associate member system. The main members can be divided into seven groups: entrusted brokers, trading floor brokers, trading floor dealers, professional members, retail dealers or brokers, bond dealers and brokers and non-business members.

Japan's stock exchange members are divided into three types: full members, brokerage members and special members. No matter which member must be a securities company established according to Japanese law, the business of each member has a clear division. Members of the British Stock Exchange are divided into two categories: brokers and traders. If you want to be an individual member of the British Stock Exchange, you must pass a rigorous examination and other conditions. In addition, because the membership stock exchange is generally a non-profit organization, members must pay a certain membership fee to maintain normal exchange activities.

An information platform for trading certain information and articles needs a fixed place, called an exchange. Exchange, with the help of information platform, realizes property rights information sharing, off-site transactions, unified coordination and balance of property rights trading market and various terms.

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Shanghai Stock Exchange

Shanghai Stock Exchange is one of the two stock exchanges in Chinese mainland, located in Pudong New Area. Shanghai Stock Exchange was established on 1990,165438+1October 26th, and officially opened on February 9th of the same year. By the end of 2009, there were 870 listed companies in Shanghai Stock Exchange, with listed securities of 135 1 and total stock market value of 1846523 million yuan. A large number of pillar enterprises, backbone enterprises, basic industrial enterprises and high-tech enterprises in the national economy have raised development funds through listing and changed their operating mechanisms.

Trading is the trading time of the SSE market from Monday to Friday. The morning is the former market, call auction time is from 9: 15 to 9:25, and the continuous bidding time is from 9:30 to 1 1:30. Afternoon is afternoon, and the bidding time is continuous from 13:00 to 15:00, and it is closed on Saturdays, Sundays and rest days announced by the SSE. Shanghai Stock Exchange is a non-profit legal person, which is directly managed by China Securities Regulatory Commission.