UPDATE 1-Tokyo bourse to allow trading directly from overseas

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TOKYO, Sept 29 (Reuters) -The Tokyo Stock Exchange (TSE) said on Monday it plans to allow foreign brokerages without an office in Japan to trade TSE-listed securities directly from abroad.

The bourse aims to introduce the new type of membership by the end of the year, said Satoshi Futagi, a spokesman for the bourse.

"Foreign players account for roughly 60 percent of cash stock trading here and even more of derivatives trading. We see sizeable demand for direct trading from abroad, and it's also in the exchange's interest to increase the market's liquidity," he said.

Currently, foreign brokerages who are members of the bourse must have a local office and net assets of at least 1 billion yen ($9.4 million) before they can trade TSE-listed securities. (Reporting by Yumiko Nishitani)