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?
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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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.
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.