Major Stock Exchanges
When people talk about the stock market what they really mean is the collection of major stock exchanges around the world—there isn’t just one stock market. We’ll take a look here at the ten major stock exchanges around the world.
New York Stock Exchange (NYSE)
The largest stock exchange in the world and the choice for the majority of the world’s largest corporations. Trades are performed on the trading floor by physical traders using an auction type model.
Nasdaq is the second largest stock exchange in the world. It is also a virtual exchange where all trades are made via computer network using a bid and ask marker model.
Tokyo Stock Exchange
The third largest stock exchange in the world, divides its stocks into two sections. The first section is reserved for large companies and the second section is for all other companies.
London Stock Exchange
The fourth largest stock exchange in the world is working with the Tokyo exchange to develop jointly traded products.
Shanghai Stock Exchange
The Shanghai stock exchange is an independently operating exchange in the People’s Republic of China. Due to controls placed on capital accounts the Shanghai exchange is not completely open to foreign investors.
Hong Kong Stock Exchange
Unlike the Shanghai exchange, the Hong Kong exchange is open to foreign investors as it’s not under the same tight controls the Shanghai exchange is subjected.
Toronto Stock Exchange
The largest stock exchange in Canada and the third largest in North America, the Toronto stock exchange represents businesses from Canada, the United States, and Europe.
BM&F Stock Exchange
The BM&F stock exchange is the eighth largest exchange in the world and the largest in South America.
Australian Securities Exchange
The primary securities market in Australia is fairly young, created in 2006 when the Australian Stock Exchange merged with the Sydney Futures Exchange.