Graph: Largest Stock Exchanges in the World

The largest stock exchanges in the world, by total market capitalization of firms listed on the exchange, is in the chart below.

Data Source: World Federation of Exchanges

Other than the top 7 exchanges, also mentioned in an earlier post, the next tier of exchanges include the following:
viii) TMX Group - This is the group of Canadian exchanges.
ix) BM&FBOVESPA - from Brazil
x) Australian SE

In terms of average market capitalization of firms listed, other notable exchanges are the Deutsche Borse (Germany), SIX Swiss Exchange, NASDAQ OMX Nordic Exchange, Johannesburg SE and MICEX (Russia).

Data Source: World Federation of Exchanges

Many of the stock exchanges cater largely to the listing of their domestic firms. There are a few exceptions in these notable categories:

A) Major exchanges, for example: NYSE Euronext (US) [22.5% foreign firms], NASDAQ OMX [11.1%], London SE Group [20.7%], NYSE Euronext (Europe) [12.9%]

B) Regional exchanges, for example: Johannesburg SE [12.2%], Singapore Exchange [40.2%, a large proportion catering to companies from China], Mexican Exchange [73.1%]

Data Source: World Federation of Exchanges

Check out a description of the top 14 stock exchanges here.


Data Source: World Federation of Exchanges; Graphs: Generated by me

Graph: Stock Exchanges of the World

The following chart captures the market capitalization and number of listed firms on the world's stock exchanges.

Data Source: World Federation of Exchanges

From the chart, the largest or major stock exchanges in the world (as defined by total market capitalization and average market capitalization of firms listed on the exchange) are the following:

i) NYSE Euronext (US) - This is by far the largest stock exchange in the world in terms of total market capitalization (close to US$12 trillion) and average market capitalization (about US$5 billion). No other exchange comes close.
ii) NASDAQ OMX
iii) Tokyo SE Group
iv) London SE Group
v) NYSE Euronext (Europe)
vi) Shanghai SE
vii) Hong Kong Exchanges

See a subsequent post for further detailed data of the largest stock exchanges in the world.

Note that some exchanges belonging to the same company are classified separately, for example the NASDAQ exchanges (NASDAQ OMX and NASDAQ OMX Nordic Exchanges) and the NYSE Euronext Exchanges.

Data Source: World Federation of Exchanges; Graphs: Generated by me