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 exchange | MIC | Region | City | Market cap (USD tn) | Monthly trade volume (USD bn) | Time zone | Δ | DST | Open hours (local time) | UTC (without DST) | |||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Open | Close | Lunch | Open | Close | |||||||||
| New York Stock Exchange | XNYS | United States | New York City | 30.92 | 2,685 | EST/EDT | −5:00 | Mar–Nov | 09:30 | 16:00 | No | 14:30 | 21:00 |
| Nasdaq (US) | XNAS | United States | New York City | 31.96 | 2,727 | EST/EDT | −5:00 | Mar–Nov | 09:30 | 16:00 | No | 14:30 | 21:00 |
| Shanghai Stock Exchange | XSHG | China | Shanghai | 8.92 | 1,906 | CST | +8:00 | 09:30 | 15:00 | 11:30–13:00 | 01:30 | 07:00 | |
| Japan Exchange Group (Tokyo Stock Exchange) | XJPX (TYO) | Japan | Tokyo | 7.59 | 652 | JST | +9:00 | 09:00 | 15:00 | 11:30–12:30 | 00:00 | 06:00 | |
| Hong Kong Stock Exchange | XHKG | Hong Kong | Hong Kong | 6.17 | 762 | HKT | +8:00 | 09:30 | 16:00 | 12:00–13:00 | 01:30 | 08:00 | |
| Euronext | XAMS XBRU XMSM XLIS XMIL XOSL XPAR | Europe | Amsterdam Brussels Dublin Lisbon Milan Oslo Paris | 5.61 | 186 | CET/CEST | +1:00 | Mar–Oct | 09:00 | 17:30 | No | 08:00 | 16:30 |
| Bombay Stock Exchange | XBSE | India | Mumbai | 5.25 | 501 | IST | +5:30 | 09:15 | 15:30 | No | 03:45 | 10:00 | |
| National Stock Exchange | XNSE | India | Mumbai | 5.32 | 294 | IST | +5:30 | 09:15 | 15:30 | No | 03:45 | 10:00 | |
| Shenzhen Stock Exchange | XSHE | China | Shenzhen | 5.11 | 2,888 | CST | +8:00 | 09:30 | 15:00 | 11:30–13:00 | 01:30 | 07:00 | |
| Toronto Stock Exchange | XTSE | Canada | Toronto | 4.00 | 206 | EST/EDT | −5:00 | Mar–Nov | 09:30 | 16:00 | No | 14:30 | 21:00 |
| London Stock Exchange | XLON | United Kingdom | London | 3.14 | 219 | GMT/BST | +0:00 | Mar–Oct | 08:00 | 16:30 | No | 08:00 | 16:30 |
| Taiwan Stock Exchange | XTAI | Taiwan | Taipei | 2.87 | 222 | NST (Taiwan) | +8:00 | 09:00 | 13:30 | No | 01:00 | 05:30 | |
| Saudi Exchange | XSAU | Saudi Arabia | Riyadh | 2.73 | 32 | AST | +3:00 | 10:00 | 15:00 | No | 07:00 | 12:00 | |
| German Stock Exchange (Deutsche Börse AG) | XFRA | Germany | Frankfurt | 2.04 | 77 | CET/CEST | +1:00 | Mar–Oct | 08:00 (Eurex) 08:00 (floor) 09:00 (Xetra) | 22:00 (Eurex) 20:00 (floor) 17:30 (Xetra) | No | 07:00 | 21:00 |
| Tehran Stock Exchange | XTEH | Iran | Tehran | 2.00 | 39 | IRST | +3:30 | 09:00 | 12:30 | No | 05:30 | 09:00 | |
| SIX Swiss Exchange | XSWX | Switzerland | Zürich | 1.97 | 54 | CET/CEST | +1:00 | Mar–Oct | 09:00 | 17:30 | No | 08:00 | 16:30 |
| Australian Securities Exchange | XASX | Australia | Sydney | 1.89 | 91 | AEST/AEDT | +10:00 | Oct–Apr | 10:00 | 16:00 | No | 00:00 | 06:00 |
| Nasdaq Nordic and Baltic Exchanges | Europe | 1.79 | 47 | ||||||||||
| 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 | ||||
| Korea Exchange | XKOS | South Korea | Seoul Busan | 1.56 | 204 | KST | +9:00 | 09:00 | 15:30 | No | 00:00 | 06:30 | |
| Johannesburg Stock Exchange | XJSE | South Africa | Johannesburg | 1.15 | 60 | SAST | +2:00 | 09:00 | 16:50 | No | 07:00 | 14:50 | |
- 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.
See also
- List of African stock exchanges
- List of stock exchanges in the Americas
- List of Asian stock exchanges
- List of European stock exchanges
- List of stock exchanges in Oceania
- List of countries by stock market capitalization
- List of countries without a stock exchange
- List of futures exchanges
- World Federation of Exchanges
- Federation of Euro-Asian Stock Exchanges
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