For Large Investors (ETFs)

Designated Participants for ETFs

A designated participant is a securities company that can directly conduct transactions of ETFs and their underlying stocks with the management company based on the conditions of creation/exchange for the relevant ETF released by such management company. (Same in cases of cash creation/cancellation)
Additionally, designated participants conduct active arbitrage trading between ETFs and their underlying stocks, and ETFs and the futures market using the creation/exchange mechanism, thus improving the tracking between the ETF market price and the stock price index.

Foreign ETF, etc. Support Member System

From the perspective of securing trading participants capable of supporting the improvement of foreign ETF, etc. liquidity and appropriately ensuring investment opportunities, TSE created the Foreign ETF, etc. Support Member System. Designated Foreign ETF, etc. Support Members are as follows.