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  "domain": "securities",
  "title": "Japan prime brokerage and institutional financing matrix",
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  "frontmatter": {
    "title": "Japan prime brokerage and institutional financing matrix",
    "aliases": [
      "japan-prime-brokerage-and-institutional-financing-matrix",
      "Japan prime brokerage matrix",
      "Japan PB provider comparison matrix",
      "日本 prime brokerage 比較マトリクス",
      "Japan institutional securities financing matrix",
      "PB provider Japan matrix",
      "Japan hedge fund prime broker comparison",
      "Tokyo prime brokerage landscape"
    ],
    "domain": "securities",
    "type": null,
    "created": "2026-05-25",
    "last_updated": "2026-07-30",
    "last_tended": "2026-07-30",
    "review_by": "2026-11-25",
    "confidence": "likely",
    "tags": [
      "securities",
      "matrix",
      "prime-brokerage",
      "institutional-financing",
      "stock-lending",
      "repo",
      "margin",
      "derivatives",
      "custody",
      "capital-introduction"
    ],
    "status": "active",
    "canonical_anchor": null,
    "related": [],
    "note": null,
    "sources": [
      "https://www.fsa.go.jp/menkyo/menkyoj/kinyushohin.xlsx",
      "https://www.fsa.go.jp/en/regulated/licensed/fibo.pdf",
      "https://www.fsa.go.jp/common/law/guide/kinyushohin_eng.pdf",
      "https://www.jsda.or.jp/en/about/members-list/index.html",
      "https://www.jsda.or.jp/en/activities/research-studies/html/BLT_Guidelines_en.pdf",
      "https://www.jpx.co.jp/english/equities/trading/margin/outline/",
      "https://www.jpx.co.jp/english/equities/futop/index.html",
      "https://www.jpx.co.jp/jscc/en/cash/cash/assumption-obligation/dvp.html",
      "https://www.jasdec.com/en/system/finance/outline/concept/",
      "https://www.taisyaku.jp/english/about/restrictive/",
      "https://www.nomuranow.com/portal/site/nnextranet/en/global-markets/prime-finance/",
      "https://www.daiwa.jp/english/business/wholesale.html",
      "https://www.smbcnikko.co.jp/english/",
      "https://www.mizuho-sc.com/english/",
      "https://www.sbisec.co.jp/ETGate/?_ControlID=WPLEThmR001Control&_PageID=DefaultPID&_DataStoreID=DSWPLEThmR001Control&_ActionID=DefaultAID&getFlg=on",
      "https://www.goldmansachs.com/worldwide/japan/",
      "https://www.morganstanley.com/about-us/global-offices/japan/index.html",
      "https://www.jpmorgan.com/JP/en/about-us",
      "https://www.citigroup.com/jp/en/about/citi-group/citigroup-global-markets-japan.html",
      "https://www.bofa.com/en-jp/about-us/japan-overview/",
      "https://www.jpmorgan.com/prime-services"
    ]
  },
  "summary": "Prime brokerage in Japan is not a single license — it is a wholesale-service stack assembled from a Type I 金商業者 license, stock-borrow / loan capability, margin and repo financing, OTC and listed-derivatives capability, custody / settlement infrastructure, capital-introduction services, and (in many",
  "headings": [
    "Japan prime brokerage and institutional financing matrix",
    "TL;DR",
    "Wiki route",
    "Why this matrix matters",
    "Provider 1 — Nomura (Prime Finance — Nomura Securities)",
    "Provider 2 — Daiwa Securities Group (Daiwa Securities)",
    "Provider 3 — SMBC Nikko Securities",
    "Provider 4 — Mizuho Securities",
    "Provider 5 — SBI Securities (institutional financing sleeve)",
    "Provider 6 — Goldman Sachs Japan"
  ],
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