Ranking of stock exchanges in the world 2020

In the last years, many stock exchanges have reached impressive dimensions compared to the past, while others have become smaller. There are several factors that have led to these results, but they will not be analysed in this work, which will be focused on the realization of the ranking of the largest stock exchanges in the world.

In this post, we are going to rank the stock exchanges by market capitalization and number of listed companies. The capitalization of a stock exchanges is given by the sum of the market cap of all listed companies. The market capitalization, in turn, is given by the product between total shares and the market price. Instead, the number of the listed companies is given by the sum of domestic and foreign listed companies. The data used in this work have been collected from the main financial sites. For all of the stock exchanges, the market cap refers and the number of listed companies refers to February 2020. The market cap is expressed in millions of USD. Let’s now see which are the largest stock exchanges in the world in 2020.

If we refer to the market cap, the largest stock exchange is Nasdaq with 12.46 trillions of USD, followed by Japan Exchange Group with 5.37 trillions of USD and Shanghai Stock Exchange with 4.93 trillions of USD. In the fourth place is Hong Kong Exchanges and Clearing with 4.63 trillions of USD and in the fifth place is LSE Group with 3.62 trillions of USD. In the last three places of the ranking of the largest Us banks by market cap there are MERJ Exchange Limited with 1.18 billion USD, Cayman Island Stock Exchange with 422 million USD and Bolsa Electronica de Chile with 50 million USD.

Rank	Name	Market cap.
1	Nasdaq – US	12.460.028
2	Japan Exchange Group	5.369.952
3	Shanghai Stock Exchange	4.932.172
4	Hong Kong Exchanges and Clearing	4.625.373
5	LSE Group	3.616.558
6	Shenzhen Stock Exchange	3.552.471
7	Saudi Stock Exchange (Tadawul)	2.247.368
8	TMX Group	2.233.879
9	BSE India Limited	2.046.999
10	National Stock Exchange of India	2.028.192
11	Korea Exchange	1.318.367
12	Taiwan Stock Exchange	1.123.522
13	Johannesburg Stock Exchange	897.963
14	Moscow Exchange	698.209
15	Singapore Exchange	657.584
16	The Stock Exchange of Thailand	483.408
17	Indonesia Stock Exchange	446.935
18	Tehran Stock Exchange	430.028
19	Bolsa Mexicana de Valores	381.708
20	Bursa Malaysia	366.712
21	Philippine Stock Exchange	240.703
22	Tel-Aviv Stock Exchange	227.982
23	Bolsa de Comercio de Santiago	171.503
24	Hochiminh Stock Exchange	130.110
25	Boursa Kuwait	113.793
26	Taipei Exchange	107.233
27	Dubai Financial Market	99.691
28	Bolsa de Valores de Lima	94.782
29	Iran Fara Bourse Securities Exchange	91.865
30	Nigerian Stock Exchange	46.283
31	The Egyptian Exchange	41.464
32	Kazakhstan Stock Exchange	40.776
33	Dhaka Stock Exchange	33.498
34	Chittagong Stock Exchange	31.853
35	Budapest Stock Exchange	27.804
36	Bahrain Bourse	27.731
37	Amman Stock Exchange	20.622
38	Bolsa de Valores de Panama	17.608
39	Muscat Securities Market	17.517
40	Jamaica Stock Exchange	14.408
41	Colombo Stock Exchange	14.398
42	Hanoi Stock Exchange	8.610
43	Stock Exchange of Mauritius	8.525
44	Ljubljana Stock Exchange	7.626
45	BRVM	7.296
46	Beirut Stock Exchange	6.217
47	Palestine Exchange	3.808
48	Rwanda Stock Exchange	3.622
49	Barbados Stock Exchange	3.411
50	Bermuda Stock Exchange	2.633
51	Namibian Stock Exchange	2.433
52	Bolsa Nacional de Valores	2.297
53	MERJ Exchange Limited	1.183
54	Cayman Island Stock Exchange	422
55	Bolsa Electronica de Chile	50

If we refer to the number of listed companies, the largest stock exchange is Japan Exchange Group with 3701 listed companies, followed by TMX Group con 3401 listed companies and Nasdaq with 3156 listed companies. In the fourth place is Hong Kong Exchanges and Clearing with 2466 listed companies and in the fifth place is LSE Group with 2386 listed companies. If we refer to the number of the listed companies, in the last three places of the ranking there are Rwanda Stock Exchange with 8 listed companies, Cayman Island Stock Exchange with 5 listed companies and Cboe Global Marketsx with 1 listed company.

Rank	Name	Total companies
1	Japan Exchange Group	3.701
2	TMX Group	3.401
3	Nasdaq – US	3.156
4	Hong Kong Exchanges and Clearing	2.466
5	LSE Group	2.386
6	Korea Exchange	2.283
7	Shenzhen Stock Exchange	2.214
8	National Stock Exchange of India	1.961
9	Shanghai Stock Exchange	1.599
10	Taiwan Stock Exchange	955
11	Bursa Malaysia	930
12	Taipei Exchange	774
13	The Stock Exchange of Thailand	725
14	Singapore Exchange	716
15	Indonesia Stock Exchange	680
16	Tel-Aviv Stock Exchange	440
17	Hochiminh Stock Exchange	378
18	Hanoi Stock Exchange	367
19	Johannesburg Stock Exchange	341
20	Tehran Stock Exchange	332
21	Dhaka Stock Exchange	321
22	Chittagong Stock Exchange	292
23	Colombo Stock Exchange	290
24	Bolsa de Comercio de Santiago	282
25	Philippine Stock Exchange	268
26	The Egyptian Exchange	248
27	Moscow Exchange	217
28	Bolsa de Valores de Lima	209
29	Saudi Stock Exchange (Tadawul)	204
30	Amman Stock Exchange	190
31	Nigerian Stock Exchange	159
32	Bolsa Mexicana de Valores	144
33	Iran Fara Bourse Securities Exchange	124
34	Kazakhstan Stock Exchange	120
35	Muscat Securities Market	111
36	Stock Exchange of Mauritius	99
37	Jamaica Stock Exchange	87
38	Dubai Financial Market	63
39	Palestine Exchange	48
40	BRVM	46
41	Budapest Stock Exchange	46
42	Bahrain Bourse	44
43	MERJ Exchange Limited	38
44	Namibian Stock Exchange	38
45	Ljubljana Stock Exchange	29
46	Bolsa de Valores de Panama	27
47	Barbados Stock Exchange	19
48	Armenia Securities Exchange	10
49	Beirut Stock Exchange	10
50	Bolsa Nacional de Valores	10
51	Rwanda Stock Exchange	8
52	Cayman Island Stock Exchange	5
53	Cboe Global Markets	1

In the rank of the biggest stock exchanges in the world in 2020 are included only the stock exchanges for which there were public information about these indicators.