Comparison of Major Stock Exchanges

An interactive visualization of global stock markets

Major Stock Exchanges

Market Cap: The total market value of all companies listed on the exchange, measured in trillions of US dollars. It represents the combined value of all shares available on the exchange.

New York Stock Exchange (NYSE)

Founded: 1792

Location: New York, USA

NASDAQ

Founded: 1971

Location: New York, USA

London Stock Exchange (LSE)

Founded: 1801

Location: London, UK

Tokyo Stock Exchange (TSE)

Founded: 1878

Location: Tokyo, Japan

Select a stock exchange above to see detailed information

New York Stock Exchange (NYSE)

Founded

1792

Location

New York, USA

Trading Model The mechanism by which trades are executed on the exchange. Auction-based means buyers and sellers meet to find the best price.

Auction-based

Specialization

Large, well-established companies

Market Cap The total market value of all companies listed on the exchange, measured in trillions of US dollars.

$30 trillion

Trading Hours (Local Time)

9:30 AM - 4:00 PM

Notable Listed Companies

Walmart, ExxonMobil, JP Morgan Chase

Did you know? The NYSE trading floor still uses a hybrid system of electronic and floor-based trading with designated market makers.

NASDAQ

Founded

1971

Location

New York, USA

Trading Model The mechanism by which trades are executed on the exchange. Dealer-based uses market makers who buy and sell at published prices.

Dealer-based

Specialization

Technology and growth companies

Market Cap The total market value of all companies listed on the exchange, measured in trillions of US dollars.

$16 trillion

Trading Hours (Local Time)

9:30 AM - 4:00 PM

Notable Listed Companies

Meta, Tesla, Nvidia

Did you know? NASDAQ was the world's first electronic stock market and doesn't have a physical trading floor like traditional exchanges.

London Stock Exchange (LSE)

Founded

1801

Location

London, UK

Trading Model Order-driven and quote-driven systems combine direct buyer/seller matching with dealer price quotes.

Order-driven and quote-driven

Specialization

Mix of UK and international companies

Market Cap The total market value of all companies listed on the exchange, measured in trillions of US dollars.

$3.8 trillion

Trading Hours (Local Time)

8:00 AM - 4:30 PM

Notable Listed Companies

HSBC, BP, GlaxoSmithKline

Did you know? The London Stock Exchange started in the coffee houses of 17th century London where merchants would meet to trade shares.

Tokyo Stock Exchange (TSE)

Founded

1878

Location

Tokyo, Japan

Trading Model Trading occurs directly between buyers and sellers without market makers.

Order-driven

Specialization

Japanese and Asian companies

Market Cap The total market value of all companies listed on the exchange, measured in trillions of US dollars.

$6 trillion

Trading Hours (Local Time)

9:00 AM - 3:00 PM

Notable Listed Companies

Toyota, Sony, Softbank

Did you know? The Tokyo Stock Exchange completely shifted to electronic trading in 1999, eliminating the traditional trading floor.

Understanding Trading Models

  • Auction-based: Buyers and sellers submit orders that are matched based on price and time priority.
  • Dealer-based: Market makers facilitate trading by being willing to buy and sell securities at published prices.
  • Order-driven: Trading occurs directly between buyers and sellers without market makers.
  • Quote-driven: Dealers provide bid and ask quotes that represent prices at which they are willing to buy or sell.

Click on an exchange to view detailed information