On the Exchange, the right to trade is ensured exclusively for persons to whom the Exchange has given the respective licence, the so-called trading rights.

Investors can realize their deals on the exchange through these exchange-trading companies.

Sections

Exchange trading takes place in sections, at present there are four such sections:

• equities section,

• debt securities section,

• derivatives section,

• commodity section.

For the list of the products included in these, see Markets and Products .

Acquisition of the right to trade

Acquisition of the trading right is the result of a two-stage process:

•  first, membership in one or several Sections is acquired,

• after that, the member may acquire trading rights in the given section(s).

The acquisition of the status takes place in both cases on the basis of an application submitted to the Exchange, prepared in accordance with the Regulations on Section Membership.  Detailed information on the process of acquiring membership is provided in Guide for becoming a member.

Section membership and trading rights are not transferable.

The following players can acquire trading right:

• investment companies and trading companies holding an adequate license in the EEA in all sections of the BSE,

• commodity exchange service providers in the commodity section.

A list of exchange trading members is provided in the List of Section Members.

Traders

Trading companies participate in the trading on the exchange through their traders. Upon a written request from the trading company, the Exchange records a trader complying with the requirements of the Regulations on Section Membership after the receipt of the documents required for the registration of traders, by recording on the list of traders.