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Stock exchanges have existed since the late 18th century. Over the years they have expanded and today they have become popular globally. Stock markets have become influential, not only to individual investors but to the overall wealth of many countries around the world. As of 2021, 60 stock exchanges are functional. We will look at the 12 largest ones and briefly highlight their significance.

 

Content:

  1. NYSE
  2. NASDAQ
  3. Shanghai Stock Exchange
  4. Euronext
  5. Japan Exchange Group
  6. Hong Kong Exchange
  7. Shenzhen Stock Exchange
  8. LSE Group
  9. TMX Group
  10. National Stock Exchange of India
  11. Deutsche Boerse AG
  12. Saudi Stock Exchange

Final Thoughts

 

1. NYSE

Established in 1792, the New York Stock Exchange (NYSE) is the largest stock exchange in the world. It currently has a market cap of $25.87 trillion, a market cap that is more than $10 trillion compared to the next stock Exchange. Its location is on Wall street situated in Manhattan, New York. More than 2000 companies are listed on this exchange.

 

2. NASDAQ

Also located in the United States, NASDAQ (National Association of Securities Dealers Automated Quotations) holds the second position. Its market cap is $22.53 trillion and like NYSE is also located in New York City.

 

NASDAQ has one of the highest company listings(even higher than NYSE) AT 3000. This includes most of the biggest companies in the world such as Google and Apple.


 

3. Shanghai Stock Exchange

The Shanghai stock exchange is the largest exchange in the eastern hemisphere. It is located in Shanghai, China which is the country’s largest city with more than 23 million people. It was established back in 1990 and currently has a market cap of $7.27 trillion.

 

4. Euronext

Europe’s largest exchange, European New Exchange Technology(Euronext) was set up in 2000. It currently has a market capitalization of $7.17 and lists most of the largest corporations in Europe including the car manufacturing giant Porsche. Other companies include L’Oreal and Shell.

 

5. Japan Exchange Group

Formed less than a decade ago, the Japanese Exchange is one of the youngest exchanges on our list. As of 2021, it has a market cap of $6.6 trillion and a listing of more than 3700 companies. The most popular index on this exchange is the Nikkei. Most of the major Japanese car manufacturers are listed on this exchange. Good examples include Toyota and Mitsubishi.

 

6. Hong Kong Exchange

Hong Kong is a financial paradise. Over the years it has provided a great atmosphere to conduct business and this has further solidified its reputation as a financial hub. The Hongkong Exchange, established back in 1891 has thrived in this environment. Its market capitalization is $6 trillion, the second-largest in Asia.

 

7. Shenzhen Stock Exchange

Located in Shenzhen, China, the Shenzhen Stock Exchange is the third-largest exchange in China. It was created in the early ’90s and has a market cap of $5.59 trillion. More than 2000 companies, most of which are Chinese-run, are listed on the exchange.

 

8. LSE Group

LSE or London Stock Exchange Group was founded in 1801. Its current market cap stands at $3.8 trillion. The LSE Group has a listing of more than 1300 companies both located on British soil and internationally. Some of the most prominent companies include Barclays and Toyota.

 

9. TMX Group

This group of exchanges is made up of the Toronto Stock Exchange and the Toronto Stock Venture Exchange. Its headquarters are in Toronto and Its market cap is at $3.16 trillion. The TMX Group has more than 1500 different companies listed on the exchange. Most of the major Canadian companies are included, the most prominent being, Bank of Montreal, BCE inc, B2Gold, etc. 

 

10. National Stock Exchange of India

Created in 1993, the National Stock Exchange of India is the largest of two Indian exchanges. It currently has a market cap of $3.14trillion. The standard index on this exchange is the NIFTY, which is backed up by various Indian banks and other prominent companies such as Tata.

 

11. Deutsche Boerse AG

Deutsche Boerse Group was founded in 1993. Although its primary location is in Frankfurt, Germany, it is operational in the United States and other European countries such as Switzerland. The current market cap of this exchange is $2.59 trillion with more than 500 companies on the exchange list.

 

12. Saudi Stock Exchange

Tadawul, also known as the Saudi Stock Exchange is the largest exchange in the Middle east. It was established in 2007 and it's located in Riyadh. 202 companies are listed on this exchange with a market cap that totals $2.59 trillion. It is one of the few exchanges that enable weekend trading as most of the other markets close on Friday.

 

Final Thoughts

The total market cap for all the top twelve exchanges exceeds $96 trillion. With time, this number will expand especially taking into consideration the popularity of stock trading. Additionally, we may see newer stocks spring up in the near future but it seems the dominance of the biggest two might not be challenged in a while.

 


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