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List of major stock exchanges

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This is a list of major stock exchanges. Future exchanges that also offer trading in securities besides trading in futures contracts may be listed both here and in the list of futures exchanges.

There are twenty one stock exchanges in the world that have a market capitalization of over US$1 trillion each. They are sometimes referred to as the "$1 Trillion Club". These exchanges accounted for 87% of global market capitalization in 2016. Some exchanges do include companies from outside the country where the exchange is located.

Major stock exchanges

Major stock exchange groups of issued shares of listed companies with over USD 1 trillion market capitalization as of 20 October 2025.

Stock exchangeMICRegionCityMarket cap
(USD tn)Monthly
trade
volume
(USD bn)Time
zoneΔDSTOpen hours (local time)UTC
(without DST)OpenCloseLunchOpenClose
New York Stock ExchangeXNYSUnited StatesNew York City44.72,685EST/EDT−5:00Mar–Nov09:3016:00No14:3021:00
Nasdaq (US)XNASUnited StatesNew York City42.22,727EST/EDT−5:00Mar–Nov09:3016:00No14:3021:00
Shanghai Stock ExchangeXSHGChinaShanghai8.921,906CST+8:0009:3015:0011:30–13:0001:3007:00
Japan Exchange Group
(Tokyo Stock Exchange)XJPX
(TYO)JapanTokyo7.59652JST+9:0009:0015:0011:30–12:3000:0006:00
Hong Kong Stock ExchangeXHKGHong KongHong Kong6.17762HKT+8:0009:3016:0012:00–13:0001:3008:00
EuronextXAMS
XBRU
XMSM
XLIS
XMIL
XOSL
XPAREuropeAmsterdam
Athens
Brussels
Dublin
Lisbon
Milan
Oslo
Paris5.61186CET/CEST+1:00Mar–Oct09:0017:30No08:0016:30
Bombay Stock ExchangeXBOMIndiaMumbai5.25501IST+5:3009:1515:30No03:4510:00
National Stock ExchangeXNSEIndiaMumbai5.32294IST+5:3009:1515:30No03:4510:00
Shenzhen Stock ExchangeXSHEChinaShenzhen5.112,888CST+8:0009:3015:0011:30–13:0001:3007:00
Toronto Stock ExchangeXTSECanadaToronto4.00206EST/EDT−5:00Mar–Nov09:3016:00No14:3021:00
London Stock ExchangeXLONUnited KingdomLondon3.14219GMT/BST+0:00Mar–Oct08:0016:30No08:0016:30
Korea ExchangeXKOSSouth KoreaSeoul
Busan2.95204KST+9:0009:0015:30No00:0006:30
Taiwan Stock ExchangeXTAITaiwanTaipei2.87222NST (Taiwan)+8:0009:0013:30No01:0005:30
Saudi ExchangeXSAUSaudi ArabiaRiyadh2.7332AST+3:0010:0015:00No07:0012:00
German Stock Exchange (Deutsche Börse AG)XFRAGermanyFrankfurt2.0477CET/CEST+1:00Mar–Oct08:00 (Eurex)
08:00 (floor)
09:00 (Xetra)22:00 (Eurex)
20:00 (floor)
17:30 (Xetra)No07:0021:00
Tehran Stock ExchangeXTEHIranTehran2.0039IRST+3:3009:0012:30No05:3009:00
SIX Swiss ExchangeXSWXSwitzerlandZürich1.9754CET/CEST+1:00Mar–Oct09:0017:30No08:0016:30
Australian Securities ExchangeXASXAustraliaSydney1.8991AEST/AEDT+10:00Oct–Apr10:0016:00No00:0006:00
**Nasdaq Nordic and Baltic Exchanges**Europe1.7947
*Copenhagen Stock Exchange**XCSE**Denmark**Copenhagen**CET/CEST**+1:00**Mar–Oct**09:00**17:00**08:00**16:00*
*Stockholm Stock Exchange**XSTO**Sweden**Stockholm**CET/CEST**+1:00**Mar–Oct**09:00**17:30**08:00**16:30*
*Helsinki Stock Exchange**XHEL**Finland**Helsinki**EET/EEST**+2:00**Mar–Oct**10:00**18:30**08:00**16:30*
*Tallinn Stock Exchange**XTAL**Estonia**Tallinn**EET/EEST**+2:00**Mar–Oct**10:00**16:00**08:00**14:00*
*Riga Stock Exchange**XRIS**Latvia**Riga**EET/EEST**+2:00**Mar–Oct**10:00**16:00**08:00**14:00*
*Vilnius Stock Exchange**XLIT**Lithuania**Vilnius**EET/EEST**+2:00**Mar–Oct**10:00**16:00**08:00**14:00*
*Iceland Stock Exchange**XICE**Iceland**Reykjavík**GMT**+0:00**09:30**15:30**09:30**15:30*
Johannesburg Stock ExchangeXJSESouth AfricaJohannesburg1.1560SAST+2:0009:0016:50No07:0014:50

;Notes

  • "Δ" to UTC, as well as "Open (UTC)" and "Close (UTC)" columns contain valid data only for standard time in a given time zone. During daylight saving time period, the UTC times will be one hour less and Δs one hour more.

** Applicable for non-closing auction session shares only.

References

References

  1. (16 February 2016). "All of the World's Stock Exchanges by Size".
  2. "Market Statistics - Focus {{!}} The World Federation of Exchanges".
  3. "Trading Hours & Market Holidays".
  4. "NYSE trading hours: live status, timetable, holidays (NYSE)".
  5. "Nasdaq trading hours: live status, timetable, holidays (NASDAQ)".
  6. "SSE Market Hours & Holidays 2025 - TradingHours.com".
  7. "Other Statistics".
  8. "HKEX Market Hours & Holidays 2025 - TradingHours.com".
  9. "EU - Euronext Total Market Cap".
  10. "All India Market Capitalization {{!}} BSE Listed stocks Market Capitalization".
  11. "NSE Market Capitalisation".
  12. "SZSE Market Hours & Holidays 2025 - TradingHours.com".
  13. "TSX Market Hours & Holidays 2025 - TradingHours.com".
  14. "LSE Market Hours & Holidays 2025 - 2027 - TradingHours.com".
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