World's 8 biggest stock exchanges
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K.Karthik Raja
Jul 28, 2008, 8:37:51 AM7/28/08
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World's 8 biggest stock exchanges
You either make or break your fortune in stock markets, it is said.
And rightly so. While we often get to hear of men turning paupers
overnight when the stock markets crash, tales of people like Warren
Buffett and Rakesh Jhunjhunwala inspire us to dream big.
Here we present information about the world's eight biggest stock
markets. They have not been ranked. Read on...
1. New York Stock Exchange: $21.79 trillion share trades
The New York Stock Exchange (NYSE) is nicknamed the 'Big Board'. This
is the largest stock exchange in the world by dollar volume with 2,764
listed securities. It has the second most securities of all stock
exchanges.
The NYSE originated on May 17, 1792. On that day, the Buttonwood
Agreement was signed by 24 stock brokers outside New York's 68 Wall
Street under a buttonwood tree.
The first office of NYSE was a room at 40 Wall Street rented for $200
a month. NYSE was gutted in the Great Fire of New York in 1835 and
reconstructed soon after. In 1865, it moved to 10-12 Broad Street.
2. NASDAQ: $11.81 trillion share trades
The NASDAQ is the acronym for National Association of Securities
Dealers Automated Quotation System. An American stock exchange, NASDAQ
is the largest electronic screen-based equity securities trading
market in the US.
It is owned and operated by the NASDAQ OMX Group.
With about 3,200 companies in its ambit, NASDAQ has more trading
volume per day than any other stock exchange.
NASDAQ came into being in 1971 by the National Association of
Securities Dealers. The latter divested themselves of it in a series
of sales in 2000 and 2001.
NASDAQ was the successor to the over-the-counter (OTC) and the 'Curb
Exchange' systems of trading. As late as 1987, the NASDAQ exchange was
commonly referred to as the OTC.
3. The London Stock Exchange: $7.57 trillion share trades
London Stock Exchange, or LSE, is located in London, England. It is
part of the London Stock Exchange Group plc.
At present, it is situated in Paternoster Square close to St Paul's
Cathedral in the City of London. One of the largest stock exchanges in
the world, LSE was founded in 1801.
The trade in shares in London began with the need to finance two
voyages: The Muscovy Company's attempt to reach China via the White
Sea north of Russia, and the East India Company voyage to India and
the east.
Unable to finance these costly journeys, the companies raised the
money by selling shares to merchants, giving them a right to a portion
of any profits eventually made.
4. Tokyo Stock Exchange: $5.82 trillion share trades
The Tokyo Stock Exchange, or TSE, located in Tokyo, Japan, is the
second largest stock exchange in the world by market value, second to
the New York Stock Exchange, but 4th in terms of worth of shares
traded.
It currently lists 2,271 domestic companies and 31 foreign companies.
The Tokyo Stock Exchange was established on May 15, 1878, as the Tokyo
Kabushiki Torihikijo under the direction of then Finance Minister
Okuma Shigenobu and capitalist advocate Shibusawa Eiichi. Trading
began on June 1, 1878.
In 1943, the exchange was combined with 10 other stock exchanges in
major Japanese cities to form a single Japanese Stock Exchange. The
combined exchange was shut down and reorganised shortly after the
bombing of Nagasaki.
5. Euronext: $3.85 trillion share trades
Euronext N.V. is a pan-European stock exchange based in Paris with
subsidiaries in Belgium, France, Netherlands, Luxembourg, Portugal and
the United Kingdom.
In addition to equities and derivatives markets, the Euronext group
provides clearing and information services.
Not too long ago, Euronext merged with NYSE Group to form NYSE
Euronext, the 'first global stock exchange'.
Euronext was formed on September 22, 2000 in a merger of the Amsterdam
Stock Exchange, Brussels Stock Exchange, and Paris Bourse.
In December 2001, Euronext acquired the shares of the London
International Financial Futures and Options Exchange, which continues
to operate under its own governance.
6. Deutsche Borse: $2.74 trillion share trades
Deutsche Borse AG is a marketplace organiser for the trading of shares
and other securities. It also is a transaction services provider. It
gives companies and investors access to global capital markets.
Deutsche Borse was founded in 1992. The headquarters are in Frankfurt,
Germany.
More than 3,200 employees of the exchange serve customers in Europe,
the US and Asia. Deutsche Borse has locations in Germany, Luxembourg,
Switzerland, Czech Republic and Spain, as well as representative
offices in London, Paris, Chicago, New York, Hong Kong, and Dubai.
FWB Frankfurter Wertpapierborse (Frankfurt Stock Exchange), is one of
the world's largest trading centers for securities. With a share in
turnover of around 90 per cent, it is the largest of the German stock
exchanges.
Deutsche Borse AG operates the Frankfurt Stock Exchange.
In 2001, Deutsche B? tried to merge with the London Stock Exchange,
followed in 2006 by a takeover bid, both rejected by LSE.
7. Borsa Italiana: $1.59 trillion share trades
The Borsa Italiana S.p. A., based in Milan, is Italy's main stock
exchange. It was privatised in 1997, and was acquired by the London
Stock Exchange in October 2007.
Borsa Italiana has managing responsibility for Italy's derivatives
markets and its fixed income market.
Milan's Borsa di Commercio (Commodities Exchange) opened under a vice-
royal decree on 16 January 1808 and it operated under public ownership
until 1998.
It was sold to a consortium of banks, and operated under a S.p. A.
holding company between January 2, 1998 and an all-share takeover by
the London Stock Exchange on October 1, 2007.
8. SWX Swiss Exchange: $1.40 trillion share trades
SWX Swiss Exchange is Switzerland's stock exchange, based in Zurich.
The main stock market index for the SWX Swiss Exchange is the SMI. The
index consists of the 20 most significant equity-securities based on
the free float market capitalisation.
The exchange also trades other securities such as Swiss government
bonds and derivatives such as stock options.
The SWX is the first stock exchange in the world to incorporate a
fully automated tradingsystem in 1995..
The SWX is the joint owners of the Eurex, world's largest futures and
derivatives exchange along with their German partners Deutsche Borse.
In July 2004, the Swiss Stock Exchange rejected a proposal of merger
from the German company.
In September 2006, the Swiss Market Index crossed its previous all
time high set nearly eight years ago.
You either make or break your fortune in stock markets, it is said.
And rightly so. While we often get to hear of men turning paupers
overnight when the stock markets crash, tales of people like Warren
Buffett and Rakesh Jhunjhunwala inspire us to dream big.
Here we present information about the world's eight biggest stock
markets. They have not been ranked. Read on...
1. New York Stock Exchange: $21.79 trillion share trades
The New York Stock Exchange (NYSE) is nicknamed the 'Big Board'. This
is the largest stock exchange in the world by dollar volume with 2,764
listed securities. It has the second most securities of all stock
exchanges.
The NYSE originated on May 17, 1792. On that day, the Buttonwood
Agreement was signed by 24 stock brokers outside New York's 68 Wall
Street under a buttonwood tree.
The first office of NYSE was a room at 40 Wall Street rented for $200
a month. NYSE was gutted in the Great Fire of New York in 1835 and
reconstructed soon after. In 1865, it moved to 10-12 Broad Street.
2. NASDAQ: $11.81 trillion share trades
The NASDAQ is the acronym for National Association of Securities
Dealers Automated Quotation System. An American stock exchange, NASDAQ
is the largest electronic screen-based equity securities trading
market in the US.
It is owned and operated by the NASDAQ OMX Group.
With about 3,200 companies in its ambit, NASDAQ has more trading
volume per day than any other stock exchange.
NASDAQ came into being in 1971 by the National Association of
Securities Dealers. The latter divested themselves of it in a series
of sales in 2000 and 2001.
NASDAQ was the successor to the over-the-counter (OTC) and the 'Curb
Exchange' systems of trading. As late as 1987, the NASDAQ exchange was
commonly referred to as the OTC.
3. The London Stock Exchange: $7.57 trillion share trades
London Stock Exchange, or LSE, is located in London, England. It is
part of the London Stock Exchange Group plc.
At present, it is situated in Paternoster Square close to St Paul's
Cathedral in the City of London. One of the largest stock exchanges in
the world, LSE was founded in 1801.
The trade in shares in London began with the need to finance two
voyages: The Muscovy Company's attempt to reach China via the White
Sea north of Russia, and the East India Company voyage to India and
the east.
Unable to finance these costly journeys, the companies raised the
money by selling shares to merchants, giving them a right to a portion
of any profits eventually made.
4. Tokyo Stock Exchange: $5.82 trillion share trades
The Tokyo Stock Exchange, or TSE, located in Tokyo, Japan, is the
second largest stock exchange in the world by market value, second to
the New York Stock Exchange, but 4th in terms of worth of shares
traded.
It currently lists 2,271 domestic companies and 31 foreign companies.
The Tokyo Stock Exchange was established on May 15, 1878, as the Tokyo
Kabushiki Torihikijo under the direction of then Finance Minister
Okuma Shigenobu and capitalist advocate Shibusawa Eiichi. Trading
began on June 1, 1878.
In 1943, the exchange was combined with 10 other stock exchanges in
major Japanese cities to form a single Japanese Stock Exchange. The
combined exchange was shut down and reorganised shortly after the
bombing of Nagasaki.
5. Euronext: $3.85 trillion share trades
Euronext N.V. is a pan-European stock exchange based in Paris with
subsidiaries in Belgium, France, Netherlands, Luxembourg, Portugal and
the United Kingdom.
In addition to equities and derivatives markets, the Euronext group
provides clearing and information services.
Not too long ago, Euronext merged with NYSE Group to form NYSE
Euronext, the 'first global stock exchange'.
Euronext was formed on September 22, 2000 in a merger of the Amsterdam
Stock Exchange, Brussels Stock Exchange, and Paris Bourse.
In December 2001, Euronext acquired the shares of the London
International Financial Futures and Options Exchange, which continues
to operate under its own governance.
6. Deutsche Borse: $2.74 trillion share trades
Deutsche Borse AG is a marketplace organiser for the trading of shares
and other securities. It also is a transaction services provider. It
gives companies and investors access to global capital markets.
Deutsche Borse was founded in 1992. The headquarters are in Frankfurt,
Germany.
More than 3,200 employees of the exchange serve customers in Europe,
the US and Asia. Deutsche Borse has locations in Germany, Luxembourg,
Switzerland, Czech Republic and Spain, as well as representative
offices in London, Paris, Chicago, New York, Hong Kong, and Dubai.
FWB Frankfurter Wertpapierborse (Frankfurt Stock Exchange), is one of
the world's largest trading centers for securities. With a share in
turnover of around 90 per cent, it is the largest of the German stock
exchanges.
Deutsche Borse AG operates the Frankfurt Stock Exchange.
In 2001, Deutsche B? tried to merge with the London Stock Exchange,
followed in 2006 by a takeover bid, both rejected by LSE.
7. Borsa Italiana: $1.59 trillion share trades
The Borsa Italiana S.p. A., based in Milan, is Italy's main stock
exchange. It was privatised in 1997, and was acquired by the London
Stock Exchange in October 2007.
Borsa Italiana has managing responsibility for Italy's derivatives
markets and its fixed income market.
Milan's Borsa di Commercio (Commodities Exchange) opened under a vice-
royal decree on 16 January 1808 and it operated under public ownership
until 1998.
It was sold to a consortium of banks, and operated under a S.p. A.
holding company between January 2, 1998 and an all-share takeover by
the London Stock Exchange on October 1, 2007.
8. SWX Swiss Exchange: $1.40 trillion share trades
SWX Swiss Exchange is Switzerland's stock exchange, based in Zurich.
The main stock market index for the SWX Swiss Exchange is the SMI. The
index consists of the 20 most significant equity-securities based on
the free float market capitalisation.
The exchange also trades other securities such as Swiss government
bonds and derivatives such as stock options.
The SWX is the first stock exchange in the world to incorporate a
fully automated tradingsystem in 1995..
The SWX is the joint owners of the Eurex, world's largest futures and
derivatives exchange along with their German partners Deutsche Borse.
In July 2004, the Swiss Stock Exchange rejected a proposal of merger
from the German company.
In September 2006, the Swiss Market Index crossed its previous all
time high set nearly eight years ago.
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