A trading licence may be obtained exclusively by a Member and only in the relevant market segment. The right to trade can be acquired in two stages. In the first stage companies acquire section membership and in the second the right to trade.

Section membership is a contractually arranged legal relationship acquired upon fulfilling the conditions set forth in the Regulations on Section Membership  and following the procedures described hereunder. Section members acquire the rights of membership and the right to trade in their given Section.

Section membership is granted upon the conclusion of a section membership agreement between the Exchange and a section member. Section membership may be acquired in several sections, but the number of seats held by a single party in a given section shall be limited to one.

The following section provide a list of the securities that can be traded on the BSE:

• equities section: equities, investment funds, compensation notes

• debt securities section: T-bills, government bonds, mortgage bonds, corporate bonds, international bonds

• derivatives section: equities and index futures and options, currency futures and options, interests rate futures

• commodities section: commodities, commodity futures and commodity options

Who can apply for membership

• an investment company  and EEA Section Member in either equities, debt securities, derivatives or the commodities section;

• commodity exchange service provider in the spot, futures and options markets of the commodities section;

• cross members in sections covered by the relevant agreement on cross membership.

EEA Section Member: a member that has its registered seat in a state belonging to the European Economic Area and holds a license, as that is defined by the Investment Services Act (ISA) for investment services, as they are defined by Article 5 (1) a), b) and c) of the ISA.