1. New York Stock Exchange (NYSE) -
Headquartered in New York City. Market Capitalization (2011, USD Billions) –
14,242; Trade Value (2011, USD Billions) – 20,161.
The largest stock exchange in the world by both market
capitalization and trade value. NYSE is the premier listing venue for the
world’s leading large- and medium-sized companies. Operated by NYSE Euronext,
the holding company created by the combination of NYSE Group, Inc. and Euronext
N.V., NYSE offers a broad and growin array of financial products and services
in cash equities, futures, options, exchange-traded products (ETPs), bonds,
market data, and commercial technology solutions. Featuring more than 8000
listed issues it includes 90% of the Dow Jones Industrial Average and 82% of
the S&P 500 stock market indexes volume.
2. NASDAQ OMX - Headquartered in New York
City. Market Capitalization (2011, USD Billions) - 4,687; Trade Value (2011,
USD Billions) – 13,552.
Second largest stock exchange in the world by market
capitalization and trade value. The exchange is owned by NASDAQ OMX Group which
also owns and operates 24 markets, 3 clearinghouses and 5 central securities
depositories supporting equities, options, fixed invome, derivatives,
commodities, futures and structured products. It is a home to approximately 3,400
listed companies and its main index is the NASDAQ Composite, which has been
published since its inception. Stock market is also followed by S&P 500
index.
3. Tokyo Stock Exchange - Headquartered in
Tokyo. Market Capitalization (2011, USD Billions) – 3,325; Trade Value (2011,
USD Billions) – 3,972.
Third largest stock exchange market in the world by
aggregate market capitalization of its listed companies. It had 2,292 companies
which are separated into the First Section for large companies, the Second
Section for mid-sized companies, and the Mothers section for high growth
startup companies. The main indices tracking Tokyo Stock Exchange are the
Nikkei 225 index of companies selected by the Nihon Keizai Shimbun, the TOPIX
index based on the share prices of First Section companies, and the J30 index
of large industrial companies. 94 domestic and 10 foreign securities companies
participate in TSE trading. The London Stock Exchange and the Tokyo Stock
Exchange are developing jointly traded products and share technology.
4. London Stock Exchange - Headquartered in
London. Market Capitalization (2011, USD Billions) – 3,266; Trade Value (2011,
USD Billions) – 2,871.
Located in London City, it is the oldest and fourth-largest
stock exchange in the world. The Exchange was founded in 1801 and its current
premises are situated in Paternoster Square close to St Paul’s Cathedral. It is
the most international of all the world’s stock exchanges, with around 3,000
companies from over 70 countries admitted to trading on its markets. The London
Stock Exchange runs several markets for listing, giving an opportunity for
different sized companies to list. For the biggest companies exists the Premium
Listed Main Market, while in terms of smaller SME’s the Stock Exchange operates
the Alternative Investment Market and for international companies that fall
outside the EU, it operates the Depository Receipt scheme as a way of listing
and raising capital.
5. Shanghai Stock Exchange - Headquartered
in Shanghai. Market Capitalization (2011, USD Billions) – 2,357; Trade Value
(2011, USD Billions) – 3,658.
It is the world’s 5th largest stock market by market
capitalization and one of the two stock exchanges operating independently in
the People’s Republic of China. Unlike the Hong Kong Stock Exchange, the SSE is
not entirely open to foreign investors. The main reason is tight capital
account controls by Chinese authorities. The securities listed at the SSE include
the three main categories of stocks, bonds, and funds. Bonds traded on SSE
include treasury bonds, corporate bonds, and convertible corporate bonds. The
largest company in SSE is PetroChina (market value – 3,656.20 billion).
6. Hong Kong Stock Exchange - Headquartered
in Hong Kong. Market Capitalization (2011, USD Billions) – 2,258; Trade Value
(2011, USD Billions) – 1,447.
It is the third largest stock exchange in Asia and the sixth
largest in the world in terms of market capitalization. Hong Kong Stock
Exchange (SEHK) has about 1,477 listed companies and it operates securities
market and a derivatives market in Hong Kong and the clearing houses for those
markets. The three largest stocks by market capitalisation in Hong Kong Stock
Exchange are PetroChina, Industrial & Commercial Bank of China, and China
Mobile.
7. Toronto Stock Exchange - Headquartered
in Toronto. Market Capitalization (2011, USD Billions) – 1,912; Trade Value
(2011, USD Billions) – 1,542.
It is the largest stock exchange in Canada and the third
largest in North America. Toronto Stock Exchange is owned by and operated as a
subsidiary of the TMX Group for the trading of senior equities. A broad range
of businesses from Canada, the United States, Europe, and other countries are represented
on the exchange. The exchange lists conventional securities, exchange-traded
funds, split share corporations, income trusts and investment funds. Toronto
Stock Exchange is the leader in the mining and oil & gas sector, including
such companies like Cameco Corporation, Canadian Natural Resources Ltd., EnCana
Corporation, Husky Energy Inc., Imperial Oil Ltd., and others.
8. BM&F Bovespa - Headquartered in Sao
Paulo. Market Capitalization (2011, USD Billions) – 1,229; Trade Value (2011,
USD Billions) – 931.
Founded in 1890, today BM&F Bovespa is the largest stock
exchange in South America and 8th largest in the world by market
capitalization. It is the most important Brazilian institution to intermediate
equity market transactions and the only securities, commodities and futures
exchange in Brazil. BM&F Bovespa acts as a driver for the Brazilian capital
markets. There are about 381 listed companies at Bovespa and its benchmark
indicator is the Indice Bovespa.
9. Australian Securities Exchange - Headquartered
in Sydney. Market Capitalization (2011, USD Billions) – 1,198; Trade Value
(2011, USD Billions) – 1,197.
The Australian Securities Exchange is Australia’s primary
securities exchange and it was created back in 2006 when the merger of Australian
Stock Exchange and the Sydney Futures Exchange took place. Today Australian
Securities Exchange is 9th largest stock exchange in the world by market
capitalization and has an average daily turnover of 4,685 billion dollar.
Products and services available for trading on ASX include shares, futures,
exchange traded options, warrants, contracts for difference, exchange-traded
funds, real estate investment trusts, listed investment companies and interest
rate securities. The major market index is the S&P/ASX 200.
10. Deutsche Börse - Headquartered in
Frankfurt. Market Capitalization (2011, USD Billions) – 1,185; Trade Value
(2011, USD Billions) – 1,758.
Deutsche Börse is one of the world’s leading exchange
organisations providing investors, financial institutions and companies access
to global capital markets. The exchange covers the entire process chain from
securities and derivatives trading, clearing, settlement and custody, through
to market data and the development and operation of electronic trading system.
Deutsche Börse has an approximately 765 listed companies with a combined market
capitalization of 1,185 trillion USD.