The Largest Stock Exchanges
Currently, there are more than eighty major stock exchanges, with a total market capitalization of over $130 trillion. The world’s three biggest exchanges are NYSE, NASDAQ and SSE. There are 18 stock exchanges worldwide that have a market capitalization of over $1 trillion. The top 10 and top 20 stock exchanges have a total value of $105 and $122 trillion, respectively.
New York Stock Exchange
The New York Stock Exchange (NYSE) is the world's largest stock exchange by trade volume and market capitalization of listed securities. NYSE is home to about 2,300 companies with a cumulative market capitalization of over $31 trillion. It was established in 1792 and is located on Wall Street. Intercontinental Exchange (ICE) is the parent company of NYSE.
NASDAQ
The NASDAQ Stock Market is the world's second largest stock exchange by market capitalization of listed companies. It is home to more than 3,800 listings with a market value of over $30 trillion. Founded in 1971, it is an American electronic exchange headquartered at One Liberty Plaza in New York City.
Shanghai Stock Exchange
The Shanghai Stock Exchange (SSE), established in 1990, is the largest stock exchange in China and the third largest in the world by equity market capitalization. It is also the world’s seventh largest stock exchange based on total turnover. SSE is home to about 2,280 listed companies as of February 2025.
Japan Exchange Group
Japan Exchange Group (JPX) is the fourth largest stock exchange in the world. It has around 3,960 listed companies, with a market capitalization of $6.4 trillion as of January 31, 2025. The Group was formed through the merger of Tokyo Stock Exchange (TSE) and Osaka Securities Exchange.
Euronext
Euronext N.V. (European New Exchange Technology) is a pan-European bourse and the leading market infrastructure across the continent. It provides trading and post-trade services and operates major exchanges in 7 countries including France, Belgium, the Netherlands, Ireland, Norway, Portugal and Italy. Today, it is the fifth largest stock exchange in the world. Registered in Amsterdam, Euronext has operational headquarters in Paris.
Hong Kong Stock Exchange
The Stock Exchange of Hong Kong, a member of the HKEX Group, is the ninth largest stock exchange globally with a market value of over $4.5 trillion of 2,630 listed companies in January 2025. Established in 1891, it is owned by Hong Kong Exchanges and Clearing Ltd.
See also: List of Stock Exchanges
Top 25 Largest Stock Exchanges
Here is a list of the 25 largest stock exchanges in the world ranked by market capitalization of shares traded.
| Rank | Stock Exchange | Country | Market Cap, US$B (January 2025) |
| 1 | New York Stock Exchange (NYSE) | USA | 31,756 |
| 2 | Nasdaq Stock Market (US) | USA | 30,770 |
| 3 | Shanghai Stock Exchange (SSE) | China | 7,035 |
| 4 | Japan Exchange Group (JPX) | Japan | 6,408 |
| 5 | Euronext | Netherlands | 6,221 |
| 6 | National Stock Exchange | India | 5,593 |
| 7 | Shenzhen Stock Exchange (SZSE) | China | 4,475 |
| 8 | London Stock Exchange (LSE) * | UK | 4,425 |
| 9 | Hong Kong Exchanges & Clearing (HKEX) | China | 4,537 |
| 10 | TMX Group | Canada | 3,437 |
| 11 | Saudi Exchange (Tadawul) | Saudi Arabia | 2,750 |
| 12 | Taiwan Stock Exchange (TWSE) | Taiwan | 2,311 |
| 13 | Deutsche Boerse AG | Germany | 2,226 |
| 14 | SIX Swiss Exchange | Switzerland | 2,106 |
| 15 | Nasdaq Nordic and Baltics | Sweden | 1,877 |
| 16 | Australian Securities Exchange (ASX) | Australia | 1,868 |
| 17 | Korea Exchange (KRX) | South Korea | 1,658 |
| 18 | Johannesburg Stock Exchange (JSE) | South Africa | 1,071 |
| 19 | BME Spanish Exchanges | Spain | 805.2 |
| 20 | Abu Dhabi Securities Exchange (ADX) | UAE | 795.4 |
| 21 | B3 - Brasil Bolsa Balcao | Brazil | 690.0 |
| 22 | Singapore Exchange (SGX) | Singapore | 643.7 |
| 23 | Stock Exchange of Thailand (SET) | Thailand | 494.3 |
| 24 | Bursa Malaysia | Malaysia | 426.8 |
| 25 | Bolsa Mexicana de Valores (BMV) | Mexico | 414.5 |
* Data as of December 2024
Last updated March 1, 2025