Global financial

system
Amsterdam Stock Exchange
Oldest stock exchange in the
world.(Netherlands)
Founded in 1602
In 1996, ASE and the European Options
Exchange (EOE) merged to become
Amsterdam Exchange (AEX)
It merged on 22 September 2000 with the
Brussels Stock Exchange and the Paris
Stock Exchange to form Euronext, and is
now known as Euronext Amsterdam
NYSE
Founded May 17
th
, 1792.
2317 companies listed
Market capitalization:US$13.39 trillion (Dec 2010
Market value of this exchange = 95.8% of US GDP.
Worlds largest stock exchange by market
capitalization.
Indexes: NYSE Composite
Dow Jones Industrial Average
S&P 500
Open from 9.30 am to 4.00 pm5 days a
week.
Super dot 250: An electronic order routing
system linking member firms all over USA
directly to the trading floor.
NASDAQ
Started February 08, 1971.
More than 50% of the shares traded in the USA
are traded in the NASDAQ market.
Since 1930s served as a nursery for firms maturing
into listing on NYSE.
2872 companies listed
Market capitalization- US$3.88 trillion (Dec 2010
Indexes: NASDAQ Composite
NASDAQ-100
NASDAQ Biotechnology Index
Offers smaller, growing companies access to
liquid investors.
Has highly supported the Venture capital
industry
Has been a critical source of funding for US
software companies and then new emerging
/risky areas like Bio Tech.
For listing a firm must have $ 4 M in assets, $
2 M in capital.
American Stock exchange
(AMEX)
Set up in 1921.
1000 firms listed
Market cap is only 15.4% of that of NYSE
Listing criteria: Net tangible assets > $ 3 M;
Market value of publicly held shares > $ 2
M; Net income in last fiscal > $ 3,00,000;
No. of shares publicly held > 3,00,000; No.
of stock holders > 9,000.
Tokyo stock exchange
Founded 1878; Established in its present
form in 1949.
2292firms listed
Market capitalization US$3.8 trillion (Dec
2010
Third largest stock exchange in the world
by aggregate market capitalization of its
listed companies.
UK
London Stock Exchange- 4
th
largest in the
world.
About 2,966 firms listed.
LIFFE = London International Financial
Futures and Options Exchange
Market capitalization- US$3.6 trillion
Indexes FTSE 100 Index
FTSE 250 Index
FTSE 350 Index
FTSE SmallCap Index
FTSE All-Share Index
Hong Kong
Came into existence in 1896 after
consolidating 4 stock exchanges.
583 firms listed; market cap = $ 3475 b
Ranks 8
th
globally