A stock exchange is one of the most powerful ingredients in the financial market. It deals in securities, derivatives, commodities, and can reflect the financial scales of an economy. The buyers and sellers of equities come together to complete these transactions.
A stock exchange can be deemed as the most important component of a stock market. They are increasingly becoming a part of the global securities market and also offer advantages like raising capital for business, mobilizing savings for investment, facilitating acquisitions, profit sharing, and many more.
In this article, let us take a closer look at the top 10 stock exchanges in the world in 2023.
Top 10 Stock Exchanges in the World 2023
|1||New York Stock Exchange||$27.69T|
|2||NASDAQ Stock Exchange||$24.56T|
|3||Shanghai Stock Exchange||$8.15T|
|4||EURONEXT Stock Exchange||$7.33T|
|5||Japan Stock Exchange||$6.54T|
|6||Shenzhen Stock Exchange||$6.22 T|
|7||Hong Kong Stock Exchange||$5.43T|
|8||London Stock Exchange||$3.8T|
|9||National Stock Exchange||$3.55T|
|10||Toronto Stock Exchange||$3.26T|
Let’s know more about these top stock exchanges in the world in 2023:
1. New York Stock Exchange(NYSE) – US
Also going by the nickname “The Big Board”, the New York Stock Exchange is located in the financial district of lower Manhattan. By capitalization, the New York stock exchange is the world’s largest and most reputed stock exchange.
NYSE is situated on 18Broad Street at the New York stock exchange building.Founded on May 17, 1792, it is a national historic landmark as well.
2. NASDAQ Stock Exchange –US
Standing 2nd on the stock exchange list is the National Association of Securities Dealers Automated Quotations, short-form NASDAQ. NASDAQ is an American stock exchange with its headquarters located in New York City at 151W, 42ndStreet.
Established on February 8, 1971, it is owned by Nasdaq Inc. which also owns several US-based stock exchanges.Some of the biggest tech tycoons listed under NASDAQ are Amazon, Tesla, Facebook, and Google.
3. Shanghai Stock Exchange – China
The Shanghai stock exchange (SSE) is the biggest stock exchange in Asia and the third-largest stock exchange in the world by capitalization, although it is not completely open to foreign investors.
Founded in the year 1990, it is located in Shanghai, mainland China. Although its roots are traced back to the year 1891, it was re-established in the year 1990.
4. EURONEXT Stock Exchange
EURONEXT stands for European New Exchange Technology.It was founded in the year 2000 and is headquartered in Paris, France, and has a registered office in Amsterdam, Netherlands. Euronext had approximately 2000 listed companies in December 2021.
It is also considered the largest center in the world for debt and fund listings.
5. Japan Stock Exchange – Japan
The Japan Stock Exchange is a financial services corporation based in Japan that is formed by the merger of two companies – Osaka Security Exchange and Tokyo Stock Exchange on January 1, 2013. It is also one of the largest stock markets in Asia and has 3500 listed companies as of December 2021.
The Japan Stock Exchange is owned by the Japan Exchange Group and is home to some of the biggest names like Sony, Honda, and Toyota.
6. Shenzhen Stock Exchange – China
The Shenzhen Stock Exchange or the SZCE issituated in the Futian district of Shenzhen city, in the People’s Republic of China. The SCZE is one of the three independently running stock exchanges in China, followed by the Shanghai Stock Exchange and Beijing Stock Exchange.
Founded in the year 1990, it is now the 4th largest stock exchange in east Asia.
7. Hong Kong Stock Exchange – China
The Stock Exchange of Hong Kong was founded in the year 1914 and now it is considered the fastest-growing stock exchange in Asia. It is located in the central district of Hong Kong, China. It is owned by Hong Kong Exchanges and Clearing Limited which became the world’s largest bourse operator in the year 2021.
The HKSE consists of more than 2500 listed companies and ranks 4thbased on market capitalization.
8. London Stock Exchange – UK
Established in the year 1801, the London Stock Exchange is the 6th largest stock exchangeandalso the oldest stock exchange in the world. Based in the city of London, England, its total market value was $3.8 trillion as of November 2021. It is headquartered in Paternoster square in the city of London.
The LSE has more than 2500 listed companies and has a market capitalization of $3.5 trillion.
9. National Stock Exchange – India
The National Stock Exchange or the NSEis the top stock exchange in India. Founded in the year 1992 and headquartered in Mumbai, Maharashtra, it was the world’s largest derivatives exchange in the year 2021. It was also the first dematerialized electronic exchange in India.
The NSE has approximately 2000 listings with a market capitalization of $3.4 trillion.
10. Toronto Stock Exchange – Canada
Founded in the year 1852, the Toronto Stock Exchange or TSX is one of the oldest stock exchanges in the world and is owned by the TMX group. It is situated in Toronto, Ontario, Canada. The TSX is said to be the 11th largest stock exchange in the world based on market capitalization.
It has more than 2000 listed companies and has a market capitalization of $3.2 trillion.
There are 60 stock exchanges in the world in total.
40 countries in the world currently have no stock exchanges.
The New York Stock Exchange, the National Association of Securities Dealers Automated Quotations, the Shanghai Stock Exchange, and the European New Exchange Technology are the 4 major stock exchanges in the world.
The USA has the biggest stock market in terms of market capitalization with a 55.9% market share. The Bombay stock exchange is the biggest stock market in terms of number of companies listed with more than 5000 companies.
In terms of market capitalization, the biggest stock exchange in Asia is the Shanghai stock exchange.