STUDY ON LEADING

STOCK EXCHANGES
WORLDWIDE

Aishwarya Shetty
Roll no. 14B103
Amit Kumar Singh
Roll no. 14B104

FEW INTERNATIONAL STOCK EXCHANGES

North
America
New York Stock
Exchange
NASDAQ
Jamaica Stock
Exchange
Toronto Stock
Exchange

South
America
Guyana Stock
Exchange
MILA

Asia

Europe

Oceania

Hong Kong
Stock Exchange
Bombay Stock
exchange
NSE
Tokyo Stock
exchange
Singapore
exchange

Euronext
OMX Exchange
Luxembourg
Stock
Exchange
SIX Swiss
Exchange
London Stock
Exchange

Asia Pacific
Exchange
Australian
Securities
Exchange
National Stock
Exchange of
Australia
South Pacific
Stock Exchange

TOP 3 STOCK EXCHANGES WORLDWIDE

N
Y
S
E

NASDAQ

TSE

New York Stock Exchange

Established in 1792
Total market capitalization 16.6
Trillion
Companies listed 2800+
Market functions between 9.30 am to
4.00 pm
Index used NYSE Energy Index,
Healthcare Index, Financial Index,
etc
Duncan
Niederauer
CEO NYSE

NASDAQ

National Association of Securities Dealers Automated

Quotations
Established in 1971
Companies listed 3400+
Market functions between 9.30 am
to 4.00 pm
Total market capitalization 8.5
trillion
Index used NASDAQ Composite

Robert Greifeld
NASDAQ, CEO

NASDAQ

NYSE

Market type

Dealers market

Auction market

Process of Trade
Execution

Broker contacts market

maker or uses online form

Broker contacts
specialist floor trader or
enters it into Universal
Trading Platform (UTP)

Listing fee

$50,000 to $75,000

up to $250,000

Perception

Exchange for high-tech

stocks that are more growth
oriented and potentially
more volatile.

Exchange for wellestablished companies,

more stable stocks.

Public or private

Public

Held by publicly listed

InterContinental
Exchange (ICE), which
also owns Euronext.

Tokyo Stock Exchange

Established in 1878
Companies listed 2200+
Market functions between
9.00 am and 3.00 pm
Total market capitalization
4.5 Trillion
Index used Nikkei225

Atsushi Saito

Bombay Stock Exchange

Established in 1875
Companies listed 5000+
Market functions between 9.15 am
and 3.30 pm
Total market capitalization $1.51
Trillion
Index used Broad S&P BSE
sensex, BSE mid cap ,small cap, etc

Ashish Chauhan

National Stock Exchange

Established in 1992
Companies listed 375+
Market functions between 9.15 am and
3.30 pm
Total market capitalization 1.5 Trillion
Index used (Nifty, midBroad Market
Indices cap50,CNX100)Sectoral
indices(CNX auto, cnx bank)

Chitra Ramkrishna

NSE VS BSE

Main Index

BSE

NSE

BSE Sensex

S&P CNX Nifty

Oldest stock
exchange in Asia.

Largest stock
exchange in India
in terms of daily
turnover and
number of trades.

Presence in 417
cities

Presence in 1,486
cities

Claim to fame

Geographical
spread

NSE MODEL VS INTERNATIONAL

MODEL

Comparators

International Model

NSE Model

Legal Structure

Company

Company

Ownership Structure

Owned by Shareholders
which includes brokers

Owned by
Shareholders which
are financial
institutions which
also have broking
firms as subsidiaries.

Listing

Several stock exchanges are

listed on themselves after
Initial Public Offer.

Not a listed company.

No Initial Public
Offer made.

Ceilings on
shareholding

Mostly 5% of voting rights for No ceiling

a single shareholder

CONCLUSION
Increasing demand for global integration
Vital Differences in the Indian and International
model of Stock Exchanges
Reasons for delisting:

Unwilling

to disclose information
Expand and empower investor base
Broaden trading window
Inability to meet listing requirements
rules listed by the Stock Exchange
Reduce Costs

Ignorantia juris non excusat or ignorantia legis

neminem excusat