Largest stock exchanges in the world by trading volume and market capitalization
Today there are about 80 major stock exchanges, with a total value of $110.2 trillion.
The world's two largest exchanges, the New York Stock Exchange (NYSE) and Nasdaq, control 42.4% of the world's market capitalization. Despite the rapid growth of emerging economies, the US continues to lead capital markets by a wide margin - even as countries such as India show significant growth, overtaking the UK in 2023.
This visualization shows the world's largest stock exchanges with data from the World Federation of Exchanges (WFE).
This visualization shows the world's largest stock exchanges with data from the World Federation of Exchanges (WFE).
Top stock exchanges by market capitalization
Here are the 25 largest stock markets, covering 96.6% of the total stock market capitalization:
| Global ranking | Stock Exchange | A country | Market capitalization, October 2023 |
|---|---|---|---|
| 1 | NYSE | USA | US$25.0 trillion |
| 2 | Nasdaq | USA | US$21.7 trillion |
| 3 | Euronext | Netherlands | US$7.2 trillion |
| 4 | Shanghai Stock Exchange | China | $6.7 trillion. |
| 5 | Japan Exchange Group | Japan | $5.9 trillion. |
| 6 | Shenzhen Stock Exchange | China | US$4.5 trillion |
| 7 | Hong Kong Exchanges | Hong Kong | US$4.2 trillion |
| 8 | National Stock Exchange of India |
India | US$3.5 trillion |
| 9 | LSE Group | Great Britain | US$3.4 trillion |
| 10 | Saudi Exchange | Saudi Arabia | US$3.1 trillion |
| Global ranking | Stock Exchange | A country | Market capitalization, October 2023 |
|---|---|---|---|
| eleven | TMX Group | Canada | $2.9 trillion |
| 12 | Deutsche Boerse AG | Germany | $2.1 trillion |
| 13 | SIX Swiss Exchange | Switzerland | $2.1 trillion |
| 14 | Nasdaq Nordic and Baltics |
Sweden, Denmark, Finland and Iceland |
US$2.0 trillion |
| 15 | Korea Exchange | South Korea | $1.9 trillion |
| 16 | Tehran Stock Exchange | Iran | US$1.7 trillion |
| 17 | ASX Australian Securities Exchange |
Australia | US$1.7 trillion |
| 18 | Taiwan Stock Exchange | Taiwan | US$1.6 trillion |
| 19 | Johannesburg Stock Exchange |
South Africa | $1.2 trillion |
| 20 | B3 - Brazil Stock Exchange and OTC Market |
Brazil | US$0.9 trillion |
| Global ranking | Stock Exchange | A country | Market capitalization, October 2023 | |
|---|---|---|---|---|
| 21 | Abu Dhabi Securities Exchange | Abu Dhabi | US$0.8 trillion | |
| 22 | BME Spanish Exchanges | Spain | US$0.8 trillion | |
| 23 | Singapore Exchange | Singapore | US$0.6 trillion | |
| 24 | The Stock Exchange of Thailand |
Thailand | US$0.6 trillion | |
| 25 |
|
Mexico | US$0.5 trillion |