Top 10 Most-traded Stock Exchanges

Oct 9, 2020 05:53 PM ET
Top 10 Most-traded Stock Exchanges

Overview

Many stock exchanges have existed for decades, some even centuries, forming part of the revered history of stock markets. The digital advancements over the last few decades have made it possible to see how much of the market share each exchange possesses. The top 10 most-traded stock exchanges here form part of the so-called $1 Trillion Club due to market capitalizations of at least $1 trillion each.

 1. New York Stock Exchange (NYSE)

New York Stock Exchange (NYSE)

The number spot here shouldn’t be a surprise, reflecting the dominance of America in the stock markets. Founded on the 17th of May, 1792, the NYSE is one of the oldest stock exchanges, with a market cap of roughly $22.9 trillion from about 2400 listed companies. The main central office of the exchange is in New York City on the famed Wall Street. In its portfolio, the NYSE boasts some of the crème de la crème of blue-chip companies, including the likes of Apple, Google, Microsoft, Amazon, and Facebook, to name a few.

2. National Association of Securities Dealers Automated Quotations (NASDAQ)

National Association of Securities Dealers Automated Quotations (NASDAQ)

Another unsurprising American entrant, NASDAQ is the second-largest stock exchange in the world, tracing its origin back to the 4th of February 1971. Like its counterpart, the NASDAQ’s primary office is in New York City. Despite having significantly more listed companies than the NYSE (at least 3300), the listings combine to a total of approximately $10.9 trillion in market cap. 

 Nonetheless, the exchange still dwarfs many other stock exchanges in trading volume and is a popular marketplace, especially for the slick, tech corporations. Aside from the usual suspects of blue-chip companies, other valuable brands listed on the NASDAQ include the likes of Tesla, Adobe, Intel, and Netflix.

3. Tokyo Stock Exchange

Tokyo Stock Exchange

The Toyko Stock Exchange is Japan’s leading stock exchange, home to nearly 2300 of its most valuable companies. Founded on the 15th of May 1878, the stock exchange has an estimated market cap of $5.67 trillion. Some of the famous corporations listed on the exchange include Sony, Toyota, SoftBank, and Nintendo.

4. London Stock Exchange

London Stock Exchange

 

The oldest stock exchange in this top 10 (founded on the 23rd of January, 1571), the London Stock Exchange is home to giants like Unilever, HSBC, British American Tobacco, and BP. Around 2600 stocks account for its near $4.59 trillion market cap.

5. Shanghai Stock Exchange

Shanghai Stock Exchange

A relative newcomer compared to its predecessors, the Shanghai Stock Exchange began operations on the 26th of November, 1990. However, as with many first-world countries, China’s stock market lineage has roots back to the late 19th century with many iterations of stock exchanges culminating into the Shanghai Stock Exchange. Currently, +/- 1600 stocks account for a market cap of approximately $4 trillion, and these include the likes of Bank of China, PetroChina, Air China, and Ping An Insurance. 

6. Hong Kong Stock Exchange

Hong Kong Stock Exchange

Closely behind the Shanghai Stock Exchange, the Hong Kong Stock Exchange (HKSE) is another Chinese entrant on the list. The HKSE began on the 21st of February 1914. Touted as Asia’s fastest-growing exchange, the HKSE has a market cap very close to the SSE, sitting at a ballpark figure of $3.9 trillion. Part of its growth can be seen by having more listed companies than SEE (close to 500) and more prominent corporations such as Tencent, AIA, and Alibaba.

7. Euronext Stock Exchange

Euronext Stock Exchange

Originally the Amsterdam Stock Exchange (formed in 1602), the Euronext Stock Exchange (ESE) is Europe’s largest stock exchange. The ESE started operating under its new name on the 27th of October 2000, eventually growing to a market cap of about $3.9 trillion from at least 1500 listed stocks. Paris is where its headquarters are located, with registered offices in Amsterdam, Brussels, London, Lisbon, and Dublin. Famous brands listed on the Euronext include Heineken, Nokia, Orange, Danone, Total, etc.

8. Toronto Stock Exchange

Toronto Stock Exchange

Formed on the 25th of October 1861, the Toronto Stock Exchange is the 8th largest stock exchange, enjoying a market cap of around $3.2 trillion from at least 1570 listed brands. Aside from being home to Canada’s ‘Big Five’ commercial banks, other well-known entities listed on the exchange comprise the likes of Blackberry, Aecon, and Thomson Reuters.

9. Shenzhen Stock Exchange

Shenzhen Stock Exchange

Another Chinese entrant in the list, the Shenzhen Stock Exchange owns a market cap of roughly $2.5 trillion from no less than 1420 listed corporations. The exchange was actually formed almost precisely around the same week as the Shanghai Stock Exchange (01 December 1990). Some of the largest companies listed on this exchange include Hongda Xingye, Transfar Zhilian Co., and Huapont Life Sciences. 

10. Bombay Stock Exchange

Bombay Stock Exchange

Consisting over 5000 stocks on its exchange, such as Tata Motors, Hindustan Unilever, HDFC Bank, and Reliance Industries, the Bombay Stock Exchange is the 10th most-traded stock exchange. Like most exchanges, the BSE has existed for about a century and a half (founded on the 9th of July 1875). The exchange is estimated to have a market cap of at least $2 trillion.

Conclusion

This list exemplifies how every nation worldwide upholds a vibrant stock market culture, cementing stocks as an important financial market for companies and the economy. We can only expect that each respective exchange will keep growing in numbers, and perhaps a few may overtake others in the future.


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