Exchange members refer to legal persons or natural persons who fulfill the rights and obligations of exchange members and meet the requirements of exchange membership in accordance with the rules of the exchange. There are many kinds of members of the exchange, and each country is different. 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. The members of Japan Stock Exchange are divided into 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 brokers and traders. If you want to be an individual member of the British Stock Exchange, you must pass a rigorous examination, among other requirements. In addition, because membership-based stock exchanges are usually non-profit organizations, members must pay a certain membership fee to maintain normal trading activities. 925