As a result of the merger of the two largest exchanges in Japan (the Osaka Securities Exchange

and the Tokyo Stock Exchange), the third largest trading platform in the world and the first
largest in Asia— Japan Exchange Group-was formed. The official opening date of JPX is
January 1, 2013, but the Tokyo and Osaka exchanges began functioning back in 1878

. The market capitalization for June 2018 is more than $6 trillion

All the systems of the exchanges were copied from these two exchanges, and were compiled by
new structures and members of the exchanges

All the stocks that JPX works with are divided into three sectors — the first for large companies,
the second for medium — sized companies and the Third for startups and fast — growing stocks.

The members of the exchange are: regular members, saitori members, special members, non-
bank securities companies

The Tokyo Stock Exchange is second only to the New York site in terms of market
capitalization. As of 2017, securities of 3,560 Japanese companies were traded on it, including
securities of 6 foreign companies