Review of the best according to the editors. About the selection criteria. The the material is subjective, is not advertising and is not serves as a guide to the purchase. Before purchase is needed consultation with a specialist.
Almost all modern economies rely on stocks. exchanges. Times when money was secured by solid assets like gold or wheat stocks, passed hundreds of years ago. Today the basis for the economy are contracts (including futures), manpower, information and a huge network of obligations, presented by one company to another.
In addition, the basis of the modern economy is the market of valuable papers. While the company’s shares are of interest to brokers and investors, the organization works for profit and is able to stay in the market. If a these securities will lose demand – about the enterprise will soon be forgotten.
To trade securities and stock exchanges. It – space, financial institution where traders and investors conclude economic contracts: purchase and sell shares, futures, bonds, resources and precious metals. And from the state stock exchanges and depends on the state of the economy.
Therefore, in this material we decided to talk about the largest stock exchanges of the world, sorting them by market capitalization. Moscow, unfortunately, was not included in the rating.
- Rating of the largest stock exchanges in the world
- 10th place: Taiwan Stock Exchange, Taiwan, $ 1.0 trillion
- 9th place: Deutsche Börse, Germany, $ 1.8 trillion
- 8th place: Bombay Stock Exchange (BSE), India, $ 2.2 trillion
- 7th place: TMX Group, Canada, $ 2.2 trillion
- 6th place: Shenzhen Stock Exchange (SZSE), China, $ 3.3 trillion
- 5th place: Euronext, European Union, $ 4.3 trillion
- 4th place: Hong Kong Stock Exchange (HKSE), Hong Kong, $ 4.3 trillion
- 3rd place: Shanghai Stock Exchange (SSE), China, $ 5.0 trillion
- 2nd place: NASDAQ, USA, $ 11.2 trillion
- 1st place: New York Stock Exchange (NYSE), USA, $ 23.2 trillion
Rating of the largest stock exchanges in the world
|Nomination||a place||Stock exchange||Market capitalization|
|The largest stock exchanges in the world||10||Taiwan Stock Exchange, Taiwan||1.0 trillion. $|
|9||Deutsche Börse, Germany||2.0 trillion. $|
|8||Bombay Stock Exchange (BSE), India||2.2 trillion. $|
|7||TMX Group, Canada||2.2 trillion. $|
|6||Shenzhen Stock Exchange (SZSE), China||3.3 trillion. $|
|5||Euronext, European Union||4.3 trillion. $|
|4||Hong Kong Stock Exchange (HKSE), Hong Kong||4.3 trillion. $|
|3||Shanghai Stock Exchange (SSE), China,||5.0 trillion. $|
|2||NASDAQ, USA||11.2 trillion. $|
|1||New York Stock Exchange (NYSE), USA||23.2 trillion. $|
10th place: Taiwan Stock Exchange, Taiwan, $ 1.0 trillion
Taiwan Stock Exchange (TSEC) is one of the largest and influential stock markets in Asia. However traded on it stocks and derivatives related exclusively to local companies. TSEC has been operating since 1962 and is under full control. State – Taiwan Securities Commission.
Trades at TSEC are conducted in local currency – New Taiwan the dollar. The site listing includes about 1000 local companies. One of the interesting features of the platform is the publication pre-trading indices. Every day, 1-1.5 hours before work, the platform disseminates information on the value and listing of shares, which will be bought and sold during the working day. Then comes almost 5 hours of active trading. And at 14:00 local time, the organization ceases to simultaneous publication of fixed prices. According to them will be sell and buy stocks until the end of the working day.
TAIEX’s own trading index – weighted average and covering the status of all listed companies.
9th place: Deutsche Börse, Germany, $ 1.8 trillion
Deutsche Börse – Germany’s largest exchange spread far beyond the borders of the country. The central office of the company – it is in this form that it exists – it is in Frankfurt, but there are separate units in almost all major world economic capitals, including London, New York and Moscow.
Deutsche Börse has a complex structure that includes immediately several financial institutions for the full organization of trading. So, directly the sale and purchase of assets are carried out at Frankfurt exchange. But derivatives (derivatives of various kinds) traded on Eurex. Deutsche Börse also includes Luxembourg company Clearstream, whose task is to calculate, clearing and deposit. Finally, to work with private investors, sites there are many subsidiaries.
Despite its size and prevalence, the Deutsche Börse listing quite small – it includes several hundred largest European companies. Average daily speed is also inferior in volume other stock markets. Partly due to this, a high stability of the value of shares of companies trading on this the platform.
8th place: Bombay Stock Exchange (BSE), India, $ 2.2 trillion
Bombay Stock Exchange – India’s oldest securities market and throughout Asia, but not the largest in terms of capitalization. First It was discovered during the time of the British Empire, in 1875. Trading began under the banyan tree – under its spreading crown brokers gathered and began to offer each other valuable paper.
Despite its rich history, the Bombay Exchange until 2005 did not had official status, being a simple association of private persons. Only later did it become a full-fledged corporation.
Listing of the Bombay Exchange has more than 5 thousand companies, issuing over 8 thousand types of securities. Market platform capitalization is 2.2 trillion dollars. At sites have their own index BSE-100, which describes 100 India’s largest companies represented at all national markets.
Now the Bombay Stock Exchange is actively competing with National Indian. The latter offers greater trading volume thanks to electronic systems and other progressive innovations, however, in terms of company capitalization BSE
7th place: TMX Group, Canada, $ 2.2 trillion
TMX Group – one of the largest financial companies in North America. Located in Canada, it includes immediately several stock exchanges, including those located in Toronto and Montreal. The largest of them is TSX, Toronto Stock Exchange.
TSX, in turn, consists of a “core” and a “venture capital” stock exchanges. The second offers a public stock market. also in TMX Group includes a platform for trading supplies of electricity and natural gas throughout North America. All this allows TMX Group to cover almost every aspect of financial trading – from raw materials to derivatives.
Interestingly, TMX Group has been launching more and more often in recent years. commodity initiatives. For example, in 2015, she opened cattle online trading platform AgriClear.
In the late 2000s, the unification of the Canadian TMX was planned Group and the London Stock Exchange. But it never took place. IN In 2013, the merger project was finally canceled because representatives of the London stock market reported that 2/3 investors were against such a combination of platforms.
6th place: Shenzhen Stock Exchange (SZSE), China, $ 3.3 trillion
China is currently a global economic and production center. Therefore located in this country stock exchanges are one of the largest in the world. And one of the most important – Shenzhen, whose market capitalization is 3.3 trillion dollars.
One of the most important features of SZSE is the separation of shares into two groups – A and B. The first includes securities issued domestic Chinese companies. To ensure stability national economy and independence from foreign exchange rates they traded exclusively in RMB, and take part in the sale or Only residents of the country can purchase.
Category B shares are intended for non-residents of China, and trading they are conducted in Hong Kong dollars. Selling and buying these Securities are maintained without restrictions on the quantity and value.
Despite the “stable” restrictions, the Shenzhen Stock The exchange is under tight control of the Chinese government. For example, the country’s leadership has the right to suspend trading in case of any emergency. One of them occurred in May 2003, when from the SARS platform ceased operations for more than 7 days.
5th place: Euronext, European Union, $ 4.3 trillion
Euronext NV – Europe’s largest stock exchange uniting a huge number of financial markets. In addition to the platform itself for trading in stocks and derivatives (derivatives), it also offers clearing services and is a provider financial information for partner corporations.
Euronext is one of the youngest stock exchanges in the ranking. It was opened in 2000 at the initiative of the Paris market leadership valuable papers. Stock exchanges merged to create Euronext Paris, Amsterdam and Brussels, and later managed to annex London association LIFFE.
The site has its own stock index – Euronext 100. It assembled from the shares of the hundred largest companies whose shares traded on this site. This index displays the status European economy, and the list of corporations is reviewed every three months. To be included in a corporation index, comply with a huge number of requirements and rules.
4th place: Hong Kong Stock Exchange (HKSE), Hong Kong, $ 4.3 trillion
Hong Kong Stock Exchange – Largest Securities Market in Hong Kong, which has survived all the many state and social change. It was founded back in 1866, however acquired official status after about 50 years.
The history of HKSE has several “dramatic” periods. So, for example, in the middle of the last century in Hong Kong there were four stock exchanges, which is why the foreign economic activity of the region developed extremely unevenly. As a result, in 1980 I had to create another financial company whose task is to unite all these organizations. By the early 1990s, the remoteness to introduce several automated systems that have significantly improved procedures bidding.
After that, the foreign economic activity of Hong Kong went to take off. “A region receiving a large amount of investment due to abroad, was able to quickly develop and become incredibly modern. Of course, not everything was smooth – so, in 1997, because of the Asian economic crisis HKSE indices dipped by more than 10%, however, quickly recovered. And in the end, now the organization owns even the London Metal Exchange – one of the world’s largest trading floors covering the purchase and sale of black, color and precious raw materials.
Today, the capitalization of the Hong Kong Stock Exchange is 4.3 trillion dollars.
3rd place: Shanghai Stock Exchange (SSE), China, $ 5.0 trillion
Shanghai Stock Exchange – the largest securities market in mainland China and one of the most important in Asia as a whole. Organizational Form – a nonprofit company with a tough state control.
As in Shenzhen, two types of securities are traded in Shanghai: A and B. A-shares are intended exclusively for large investors, are residents of China. These assets are traded in RMB. B-shares are intended for non-residents of China and others foreign investors. Buying and selling in dollars USA and has no restrictions in terms of quantity or volume.
Since 2014, the Shanghai Stock Exchange has been closely linked with Hong Kong SSE resident companies may sell their shares in HKSE through “local” brokers. United Exchange listing has more than 500 largest corporations in China.
SSE has its own stock index called SSE Composite It reflects the status of all companies that represented in this market. And the second SSE 50 index shows liquidity and stability of blue chip stocks – the largest Listed corporations.
2nd place: NASDAQ, USA, $ 11.2 trillion
NASDAQ (Nasdak) – Specialized American Stock exchange on which the largest shares are traded high-tech companies. The listing shows the corporations specializing in the production of electronic equipment, software collateral and similar solutions.
Nasdak appeared in the early 1960s with the development of computer technicians. Initially, it was not a full-fledged stock market, but simply information “bulletin board” with broadcast averaged OTC quotes. But then into functionality order execution was added to the platform – and after that full bidding began.
Today Nasdak consists of two main stock markets – National and Small Capitalization. At the first present the largest US technology companies, and the listing has more than 4000 types of stocks. Small Cap offers startups and other organizations with little capitalization. His listing totals about 1000 types of securities.
The most important feature of Nasdak are industry indices, which demonstrate the state of each individual economic directionality. For example, there are indices of banking companies sectors, medical, software, financial, industrial, insurance, telecommunications and so on.
1st place: New York Stock Exchange (NYSE), USA, $ 23.2 trillion
The New York Stock Exchange is the world’s largest market for valuable securities average daily turnover. She’s so massive comprehensive and in demand, which is a real symbol US economic power. NYSE Bidding Results the state of companies not only in the country, but also around the world.
Actually, the world-famous Dow Jones Index, reflecting the economic condition of American industry, It is determined on this site. Technological and general indexes are also there.
The NYSE story begins in 1792. It is then 24 New York brokers, hitherto working in coffee houses and just at benches under the crowns of trees, signed the so-called “Agreement under the plane tree. “Initially, only stocks of a new york bank, and then listing replenished and various industrial companies.
Today, the NYSE listing has more than 4,100 companies. Are quoted stocks and various securities.
Attention! This rating is subjective, not advertising and does not serve as a guide to the purchase. Before the purchase consultation with a specialist is necessary.