List of major stock exchanges

This is a list of major stock exchanges. Future exchanges that also offer trading in securities besides trading in futures contracts may be listed both here and in the list of futures exchanges.

There are twenty one stock exchanges in the world that have a market capitalization of over US$1 trillion each. They are sometimes referred to as the "$1 Trillion Club". These exchanges accounted for 87% of global market capitalization in 2016. Some exchanges do include companies from outside the country where the exchange is located.

Major stock exchanges

Major stock exchange groups of issued shares of listed companies with over USD 1 trillion market capitalization as of September 2026.

Stock exchangeMICRegionCity Market cap(USD tn)Timezone ΔDSTOpen hours (local time)UTC(without DST) Open Close Lunch Open CloseNasdaq (US) XNAS New York City 36.0 EST/EDT −5:00 Mar–Nov 09:30 16:00 No 14:30 21:00New York Stock ExchangeXNYS 31.0Shanghai Stock ExchangeXSHGShanghai 10.21 CST +8:00 15:00 11:30–13:00 01:30 07:00EuronextXAMSASEXXBRUXMSMXLISXMILXOSLXPAR AmsterdamAthensBrusselsDublinLisbonMilanOsloParis 8.136 CET/CEST +1:00 Mar–Oct 09:00 17:30 No 08:00 16:30Japan Exchange Group(Tokyo Stock Exchange)XJPX(TYO) Tokyo 7.95 JST +9:00no 09:00 15:00 11:30–12:30 00:00 06:00Shenzhen Stock ExchangeXSHE Shenzhen 7.3 CST +8:00 09:30 15:00 11:30–13:00 01:30 07:00XHKGHong Kong 6.2 HKT +8:00 16:00 12:00-13:00 01:30 08:00Bombay Stock ExchangeXBOM Mumbai 5.14 IST +5:30 09:15 15:30 No 03:45 10:00National Stock ExchangeXNSE 5.12Taiwan Stock ExchangeXTAI Taipei 4.97 NST (Taiwan) +8:00 09:00 13:30 No 01:0005:30Korea ExchangeXKOSSeoulBusan 4.014KST +9:00 09:0015:30 No 00:00 06:30Toronto Stock ExchangeXTSE Toronto 4.53 EST/EDT −5:00 Mar–Nov 09:30 16:00 No 14:3021:00 London Stock ExchangeXLONLondon 3.94 GMT/BST +0:00 Mar–Oct 08:0016:30 No 08:00 16:30German Stock Exchange (Deutsche Börse AG) XFRA Frankfurt 3.06 CET/CEST +1:00 Mar–Oct9:0017:30 No 8:00 16:30Saudi ExchangeXSAU Riyadh 2.63 AST +3:00 10:0015:00 No 07:00 12:00Australian Securities ExchangeXASXSydney 1.97 AEST/AEDT +10:00 Oct–Apr 10:0016:00 No 00:00 06:00SIX Swiss ExchangeXSWX Zürich 1.79 CET/CEST +1:00 Mar–Oct 09:0017:30 No 07:00 15:30 Nasdaq Nordic and Baltic ExchangesXCSEXSTOXHELXTALXRISXLITXICE CopenhagenStockholmHelsinkiTallinnRigaVilniusReykjavík 1.79 EET/EEST +2:00 Mar–Oct 10:00? 18:30 08:00 16:30Johannesburg Stock ExchangeXJSEJohannesburg 1.53SAST +2:00 09:00 16:50 No 07:00 14:50B3 (stock exchange)BVMFSão Paulo 1.10BRT −3:00 10:00 18:30 No 13:00 21:30 Tel Aviv Stock Exchange XTAE Tel Aviv 1.01 IST +2:00 Mar–Oct 09:59 17:14 No 07:59 15:14 Notes * "Δ" to UTC, as well as "Open (UTC)" and "Close (UTC)" columns contain valid data only for standard time in a given time zone. During daylight saving time period, the UTC times will be one hour less and Δs one hour more.

** Applicable for non-closing auction session shares only.

List of major stock exchanges

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