Although there nineteen stock exchanges in the world that have a market capitalization of over US$1 trillion each. They are sometimes referred to as the “$1 Trillion Club”. In 2015, these exchanges accounted for 87% of global market capitalisation. Some exchanges do include companies from outside the country where the exchange is located. Here, we’ve got some insightful information on the top ten.

  • New York Stock Exchange
Unsurprisingly, this market is placed in New York, USA. It began on 17 May 1792, when 24 brokers and merchants signed an agreement to specify the rules for trading securities. By far the world’s largest stock exchange, the NYSE now focuses on providing transparency and access to their services through the creation of their electronic marketplace. The NYSE has almost three times more liquidity than the next largest exchange and provides a marketplace that buys and sells 9.3 million corporate stocks and securities a day. The opening bell rings at 9:30 a.m. EST/EDT, with the closing bell ringing at 4:00 p.m. NYSE Logo
New York and USA’s second largest exchange is the NASDAQ. In fact, the National Association of Securities Dealers Automated Quotations is the second largest exchange in the world too and beat the NYSE to be the first and largest electronic stock market. Beginning in 1971, NASDAQ was primarily a US-based equities exchange. Now, it is globally recognized as a provider of financial technology, trading, and information services. With over 3400 listings, greater trading volume, and offering capital, global, and global select market tiers, NASDAQ is a worthy alternative to the NYSE.
  • Japan Exchange Group
Asia’s largest exchange is the Japan Exchange Group (JPX), based in Tokyo. It’s based on JST time zone. Established following the combination of Tokyo Stock Exchange Group and Osaka Securities Exchange, JPX operates financial instruments exchange markets to provide reliable venues for trading listed securities and derivatives instruments to market users. JPX also offers clearing and settlement services through a central counterparty and maintains the integrity of the markets through trading oversight. Through the addition of a “night session”, JPX offers almost full coverage of European and US market hours, which enables futures and options traders to trade on developments in other markets. JPX logo
  • Shanghai Stock Exchange
China, Shanghai is the home of the 2nd largest Asian and 4th overall largest stock exchange. The Shanghai Stock Exchange also has the 4th highest turnover of any stock exchange, with over 1400 listed companies. However, the Shanghai Stock Exchange is not entirely open to foreign investors, with the decisions of the central government often manipulating the market due to strict capital account controls. SSE operates over the four main categories of stocks, bonds, funds, and derivatives and aims at developing into a world-class exchange that can effectively serve China’s reform and development initiatives and increase the global influence of their capital markets.
  • Euronext
The European Union’s market place actually has multiple locations. It’s based in Amsterdam, Brussels, Dublin, Lisbon and Paris. Euronext is the largest stock exchange in Europe and provides listing and trading on regulated markets to facilitate the exchange of capital, risk, and goods by organising supply and demand to meet the needs of customers. Euronext cover the full range of market services with their comprehensive portfolio of products, facilities, and platforms. Their knowledge of European financial markets puts them in a good position to capitalise on trading that may be neglected by other exchanges, providing an entry-point to European markets to investors around the world.
  • London Stock Exchange
The LSE operates in both London (UK) and Milan (Italy), and is based on the GMT/BST time zone. Founded in 1571, the London Stock Exchange is considered one of the oldest exchanges in the world – in 2007, the LSE merged with the Milan Stock Exchange, Borsa Italiana, to form the London Stock Exchange Group. LSE’s diversified global business focuses on intellectual property, capital formation, and risk and balance sheet management. They act as another entry-point to Europe’s capital markets and play a vital role in enabling SMEs to access funds for development and growth. They provide investors and institutions with access to UK and Italian equities, pan-European equities, international depositary receipts, and more.
  • Hong Kong Stock Exchange
This exchange is based on HKT time zone. As Asia’s third-largest stock exchange and as the sixth-largest in the world in terms of market capitalization, the Hong Kong Stock Exchange is a world-leading capital raising venue for Hong Kong, mainland Chinese and international issuers alike. They offer a wide range of products, including equities, ETFs, REITs, bonds, structured equity products, and more. Their comprehensive range of real-time, delayed, and historic market data feeds make the Hong Kong Stock Exchange an invaluable source of information. The Hong Kong Stock Exchange also offers innovative cross-border trading schemes that link the Shanghai, Shenzhen, and Hong Kong equity markets, as well as providing overseas investors direct access to Chin’s interbank bond market.
  • Shenzhen Stock Exchange
China’s second largest stock exchange is based in Shenzen. Like Shanghai, it’s based in CST. Established in December 1990, the Shenzhen Stock Exchange is a self-regulated legal entity that organizes and supervises securities trading. It provides a venue and facilities for securities trading and offers services such as formulating operational rules, receiving listing applications, and arranging securities listings. The Shenzhen Stock Exchange has put a framework of multi-tiered capital markets in place, with product lines that include A-shares, B-shares, indices, mutual funds, fixed income products, and diversified derivative financial products. Their range of cross-border initiatives has opened up their markets to the rest of the world. /
  • Deutsche Borse
The ninth largest is Germany’s stock exchange which is actually in Frankfurt and is based on the CET/CEST time zone. With over 5,000 employees, the company has a strong presence globally, providing services and products such as pre-IPO and listing, trading, clearing, settlement, custody, collateral and liquidity management, market data, and indices. Deutsche Borse has been a listed company since February 2001 and has over 20 locations worldwide, including Luxembourg, Czech Republic, Ireland and more, which allows them to provide support across all time zones as quickly as possible.
  • Bombay Stock Exchange
India’s largest exchange is based in Mumbai. It is the tenth largest and it has a slightly bigger cap that National Stock Exchange of India. The exchange is based on IST time zone. Established in 1875, BSE is Asia’s first stock exchange, which has facilitated the growth of the Indian corporate sector over the past 143 years by providing an efficient capital-raising platform. BSE provides an efficient and transparent market for trading currencies, equity, debt instruments, derivatives, and mutual funds. Their popular equity index, the S&P BSE SENSEX, is India’s most widely tracked stock market benchmark index, which is traded internationally on the EUREX as well as leading BRCS nations. With over 250 companies listed, BSE is set to grow even further over the next few years.