Introducing the updated 2023 list of the world's largest stock exchanges! As seasoned investors may already know, the New York Stock Exchange (NYSE), NASDAQ, and Shanghai Stock Exchange are some of the most well-known exchanges out there. However, there are a handful of other stock exchanges that are just as big, if not bigger.
So, let's dive into this post and explore the top 10 largest stock exchanges in the world by the total market capitalization of all the companies listed on each exchange. But before we do that, let's quickly review what exactly a stock exchange is.
Without further ado, here are the 10 biggest stock exchanges in the world based on market capitalization as of June 2022:
| US - NYSE | $23 Trillion total market cap |
| US - NASDAQ | $32 Billion total market cap |
| UK - London Stock Exchange | $44 Billion total market cap |
| Japan - Tokyo Stock Exchange | $5.7 Trillion total market cap |
| #5 Euronext | $8.2 Billion total market cap |
| Germany - Frankfurt Exchange | $1.7 Trillion total market cap |
| China - Shanghai Stock Exchange | $7.6 Trillion total market cap |
| Spain - BME | $3.3 Billion total market cap |
| Italy - Italian Stock Exchange | $2.9 Bilion total market cap |
| China - Hong Kong Exchange | $53.6 Billion total market cap |
New York Stock Exchange - NYSE is located in the financial district of New York City and while it is not the oldest stock exchange it is considered the largest and most important in the world. The NYSE has origins that date back to the Buttonwood Treaty of 1792.
NASDAQ - was established in 1971 by FINRA, formerly known as NASD. The NASDAQ was one of the 1st exchanges to manage electronic listing and trading.
*Traded annually is calculated in share dollar volume market data rounded to the million place in USD.