Photographs: Eric Thayer/Reuters.
Stock exchanges offer services for stock brokers and traders to trade stocks, bonds, and other securities.
Trillions of transactions take place in these bourses making investors poorer or richer...Take a look at the world's 10 biggest stock markets...
1. NYSE Euronext (US)
M-Cap (End-June 2011): $13,791 bn
M-Cap (End-June 2010): $11, 793 bn
Founded in 1971 by the National Association of Securities Dealers, it is the world largest stock exchange by market capitalisation.
NYSE Euronext Inc is a Euro-American for-profit corporation that operates multiple securities exchanges, New York Stock Exchange (NYSE), Euronext and NYSE Arca.
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World's 10 largest stock exchanges
Image: Nasdaq.Photographs: Courtesy, Nasdaq.
2. Nasdaq (US)
M-Cap (End-June 2011): $4,068 bn
M-Cap (End-June 2010): $3,165 bn
An American stock exchange, Nasdaq stands for National Association of Securities Dealers Automated Quotations.
It is the second-largest stock exchange by market capitalisation in the world, after the New York Stock Exchange.
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World's 10 largest stock exchanges
Image: The London Stock Exchange building.Photographs: Stephen Hird/Reuters.
3. London Stock Exchange
M-Cap (End-June 2011): $3,849 bn
M-Cap (End-June 2010): $2,888 bn
Founded in 1801, the London Stock Exchange is the third largest stock exchange in the world.
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World's 10 largest stock exchanges
Image: Tokyo Stock Exchange.Photographs: Reuters.
4. Tokyo Stock Exchange
M-cap (End-June 2011): $3,655 bn
M-cap (End-June 2010): $3,277 bn
The Tokyo Stock Exchange was established on May 15, 1878, as the Tokyo Kabushiki Torihikij. The exchange has 2,292 listed companies.
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World's 10 largest stock exchanges
Image: NYSE Euronext.Photographs: Reuters.
5. NYSE Euronext (London)
M-cap (End-June 2011): $3,248 bn
M-cap (End-June 2010): $2,295 bn
NYSE Euronext, Inc is a Euro-American for-profit corporation that operates multiple securities exchanges, most notably New York Stock Exchange (NYSE), Euronext and NYSE Arca.
The NYSE group merged with Euronext in April 2007 to form the first global equities exchange.
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World's 10 largest stock exchanges
Image: People look at an electronic board at a brokerage house in Shanghai.Photographs: Aly Song/Reuters.
6. Shanghai Stock Exchange
M-cap (End-June 2011): $2,804 bn
M-cap (End-June 2010): $2,051 bn
The Shanghai Stock Exchange was re-established on 26 November 1990.
It is not fully open to foreign investors due to tight capital account controls by the Chinese mainland authorities.
It is a membership institution directly governed by the China Securities Regulatory Commission(CSRC).
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World's 10 largest stock exchanges
Image: Floor traders conduct afternoon trading at the Hong Kong Stock Exchange.Photographs: Bobby Yip/Reuters.
7. Hong Kong Exchange
M-cap (End-June 2011): $2,712 bn
M-cap (End-June 2010): $2,200 bn
Founded in 1891, it is Asia's third largest stock exchange in terms of market capitalisation after Tokyo Stock Exchange and Shanghai Stock Exchange and 7th largest in the world.
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World's 10 largest stock exchanges
Image: London Stock Exchange CEO Xavier Rolet (L) and TMX Group CEO Tom Kloet speak to the media.Photographs: Mark Blinch/Reuters.
8. TMX Group
M-cap (End-June 2011): $2,231 bn
M-cap (End-June 2010): $1,635 bn
Founded in May 2008, The TMX Group Inc owns and operates the Toronto Stock Exchange (TSX), and the TSX Venture Exchange (TSX-V), formerly known as the Canadian Venture Exchange (CDNX), the Montreal Exchange, the Natural Gas Exchange and the Boston Options Exchange.
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World's 10 largest stock exchanges
Image: Deutsche Boerse.9. Deutsche Borse
M-cap (End-June 2011): $1,622 bn
M-cap (End-June 2010): $1,106 bn
Founded in 1993, Deutsche Borse AG gives companies and investors access to global capital markets.
It is a joint stock company with its headquarters in Frankfurt, Germany. As of December 2010, the over 765 companies listed in the bourse.
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World's 10 largest stock exchanges
Image: A woman drinks coffee in front of the stock exchange in Sao Paulo.Photographs: Nacho Doce/Reuters.
10.BM&FBOVESPA
M-cap (End-June 2011): $1,553 bn
M-cap (End-June 2010): $1,151 bn
The Sao Paulo Stock Exchange (Bovespa) and the Brazilian Mercantile and Futures Exchange (BM&F) merged, creating BM&FBOVESPA.
It was founded in August 23, 1890.
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