What Is the Difference Between the NYSE & NASDAQ in Terms of Market Capitalization of Stocks?

by Kenneth Hamlett ; Updated July 27, 2017

In terms of market capitalization, the New Stock Stock Exchange (NYSE) and NASDAQ exchanges are two of the world's largest. As of 2008, worldwide market capitalization of 53 regulated exchanges was $32.5 trillion, but how do these two giants compare?

WFE

The World Federation of Exchanges (WFE), an association of 53 regulated exchanges, promotes standards within the markets. According to the WFE the NYSE and NASDAQ markets are in the top five largest equity markets in the world.

NYSE Euronext (U.S.)

Referred to as the “big board,” this is the world's largest exchange. At the end of 2008, the combined market cap of all NYSE listed companies was $9.209 trillion-almost three times that of the second largest market, Tokyo, at $3.116 trillion.

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NASDAQ

According to CNNMoney.com, “The NASDAQ started out as a listing market for mostly smaller technology companies. But its electronic trading platform has helped it rival the NYSE when it comes to stock listings and trading volume.” At the end of 2008 its total market cap stood at $2.396 trillion.

Other markets

Rounding out the top 10 largest exchanges are NYSE Euronext (Europe), London, Shanghai, Hong Kong, Germany, Canada and BME Spanish Exchanges.

Where NASDAQ leads

The NYSE is the world leader in equity market capitalization, but in 2008 NASDAQ led all markets in total value of share trading with $36.446 trillion vs. the NYSE with $33.639 trillion.

About the Author

From 2002-2006, Kenneth Hamlett was publisher and head writer for UNSIGNED Music Magazine, an online publication with over 100,000 readers. Prior to establishing UNSIGNED, Hamlett was a business solutions analyst and spent 15 years formulating and writing proposals for supply chain business solutions. He is a graduate of the New York Institute of Photography.

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