The New York Stock Exchange (NYSE) is the largest stock exchange in the world, with an equity market capitalization of almost ** trillion U.S. dollars as of June 2025. The following three exchanges were the NASDAQ, PINK Exchange, and the Frankfurt Exchange. What is a stock exchange? A stock exchange is a marketplace where stockbrokers, traders, buyers, and sellers can trade in equities products. The largest exchanges have thousands of listed companies. These companies sell shares of their business, giving the general public the opportunity to invest in them. The oldest stock exchange worldwide is the Frankfurt Stock Exchange, founded in the late sixteenth century. Other functions of a stock exchange Since these are publicly traded companies, every firm listed on a stock exchange has had an initial public offering (IPO). The largest IPOs can raise billions of dollars in equity for the firm involved. Related to stock exchanges are derivatives exchanges, where stock options, futures contracts, and other derivatives can be traded.

In 2025, stock markets in the United States accounted for roughly ** percent of world stocks. The next largest country by stock market share was China, followed by the European Union as a whole. The New York Stock Exchange (NYSE) and the NASDAQ are the largest stock exchange operators worldwide. What is a stock exchange? The first modern publicly traded company was the Dutch East Industry Company, which sold shares to the general public to fund expeditions to Asia. Since then, groups of companies have formed exchanges in which brokers and dealers can come together and make transactions in one space. Stock market indices group companies trading on a given exchange, giving an idea of how they evolve in real time. Appeal of stock ownership Over half of adults in the United States are investing money in the stock market. Stocks are an attractive investment because the possible return is higher than offered by other financial instruments.

Based on the total number of companies listed, the Japan Exchange Group was the largest stock exchange operator in the world as of Janaury 2025, with 3,968 companies listed. Of these, only six were foreign companies, with the remaining being domestic. The stock exchange with the highest number of international companies at this time was the U.S. Nasdaq, with 871. However, despite only having the seventh-highest number of companies, the New York Stock Exchange has the highest market capitalization of any stock exchange operator.

Global Stock Market Data. More than 150 pricing sources, including biggest world stock exchanges. Pay only for the stock exchanges, parameters or regions you need. Flexible in customizing our product to the customer's needs. Free test access as long as you need for integration. Reliable sources: stock exchanges and market participants. The cost depends on the amount of required parameters and re-distribution right.

The value of global domestic equity market increased from 65.04 trillion U.S. dollars in 2013 to 124.63 trillion U.S. dollars in 2023. The United States was by far the leading country with the largest share of total world stocks as of 2024. Global market capitalization in different regions The market capitalization of domestic companies listed varied across different regions of the world. As of Decmber 2024, the Americas region had the largest domestic equity market, totaling 62 trillion U.S. dollars. This region is home to the NYSE and Nasdaq, which are the two largest stock exchange operators in the world. The market capitalization of these two exchanges alone exceeded 60 billion U.S. dollars as of January 2025, larger than the total market capitalization in the Asia-Pacific, and in the EMEA regions in the same period. Largest Stock Exchanges in Latin America As of December 2024, the B3 (Brasil Bolsa Balcao) was the biggest stock exchange in Latin America in terms of market capitalization and the second-largest in terms of number of listed companies. Following the B3 were the Mexican Stock Exchange and the Santiago Stock Exchange in Chile. The most valuable company in Latin America is listed on the Mexican Stock Exchange: Fomento Económico Mexicano, a multinational beverage and retail company headquartered in Monterrey, had market cap of 177 billion U.S. dollars as of March 2025.

Files:- stock_exchanges_data.csv:This file provides data on key financial indicators for 82 global stock exchanges, including Market Capitalization, Capitalization-to-GDP Ratio, Value Traded, Value Traded to GDP Ratio, Share Turnover Velocity, Capitalization per Listed Company, and Number of Trades. The data reflects the year 2023 and serves as the foundation for clustering and classification analysis within the study, focusing on identifying development patterns and key factors influencing stock exchange stability and competitiveness.- research_code.ipynb:This Jupyter Notebook contains the complete Python code used for the analysis conducted in the study. It includes data preparation, clustering, classification, Shapley values calculation, and all other analytical steps described in the paper. The notebook is fully reproducible based on the provided dataset.Raw data (csv files). Source: The World Federation of Exchanges (WFE) and International Monetary Fund (IMF)

Net Income: Tadawul: Annual: Banks data was reported at 42,425.310 SAR mn in 2017. Net Income: Tadawul: Annual: Banks data is updated yearly, averaging 42,425.310 SAR mn from Dec 2017 (Median) to 2017, with 1 observations. Net Income: Tadawul: Annual: Banks data remains active status in CEIC and is reported by Tadawul. The data is categorized under Global Database’s Saudi Arabia – Table SA.Z017: Tadawul Stock Exchange: Net Income.

United States New York Stock Exchange: Index: MSCI US Growth Index Net Total Return data was reported at 24,589.422 NA in Apr 2025. This records an increase from the previous number of 23,991.494 NA for Mar 2025. United States New York Stock Exchange: Index: MSCI US Growth Index Net Total Return data is updated monthly, averaging 8,873.335 NA from Jan 2012 (Median) to Apr 2025, with 160 observations. The data reached an all-time high of 27,433.036 NA in Jan 2025 and a record low of 3,519.068 NA in Jan 2012. United States New York Stock Exchange: Index: MSCI US Growth Index Net Total Return data remains active status in CEIC and is reported by Exchange Data International Limited. The data is categorized under Global Database’s United States – Table US.EDI.SE: New York Stock Exchange: MSCI: Monthly.

Net Income: Tadawul: Food and Staples Retailing data was reported at 485.200 SAR mn in Jun 2018. This stayed constant from the previous number of 485.200 SAR mn for May 2018. Net Income: Tadawul: Food and Staples Retailing data is updated monthly, averaging 330.890 SAR mn from Jan 2017 (Median) to Jun 2018, with 18 observations. The data reached an all-time high of 489.550 SAR mn in Apr 2018 and a record low of 323.910 SAR mn in Feb 2017. Net Income: Tadawul: Food and Staples Retailing data remains active status in CEIC and is reported by Tadawul. The data is categorized under Global Database’s Saudi Arabia – Table SA.Z017: Tadawul Stock Exchange: Net Income.

United States New York Stock Exchange: Index: MSCI US Equal Weighted Net Total Return data was reported at 7,847.020 NA in Apr 2025. This records a decrease from the previous number of 7,998.899 NA for Mar 2025. United States New York Stock Exchange: Index: MSCI US Equal Weighted Net Total Return data is updated monthly, averaging 4,376.817 NA from Jan 2012 (Median) to Apr 2025, with 160 observations. The data reached an all-time high of 8,659.581 NA in Nov 2024 and a record low of 1,948.918 NA in May 2012. United States New York Stock Exchange: Index: MSCI US Equal Weighted Net Total Return data remains active status in CEIC and is reported by Exchange Data International Limited. The data is categorized under Global Database’s United States – Table US.EDI.SE: New York Stock Exchange: MSCI: Monthly.

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Securities Brokerages and Stock Exchanges Market Outlook

The global securities brokerages and stock exchanges market size is projected to grow significantly, with the market value estimated at USD 75 billion in 2023 and expected to reach USD 115 billion by 2032, reflecting a robust compound annual growth rate (CAGR) of 4.8% over the forecast period. The burgeoning growth can be attributed to the increasing participation of both retail and institutional investors, technological advancements in trading platforms, and the globalization of financial markets which have collectively contributed to the expansion of the securities brokerages and stock exchanges sector. This growth trajectory is further bolstered by the rising accessibility of financial markets to a broader audience, driven by the proliferation of online brokerage services and mobile trading platforms.

One of the primary growth factors for this market is the surge in retail investors entering the space, largely fueled by the democratization of trading through online platforms and apps. These platforms have significantly lowered the barriers to entry, providing user-friendly interfaces and educational content that empower individuals to manage their investments independently. Additionally, the rise of social media and financial forums has created a community-driven approach to investing, where retail investors share insights and strategies, further increasing market participation. The pandemic has accelerated this trend, as many individuals have turned to the stock market as a means of supplementing income during economic uncertainty.

Another key driver is the technological advancements shaping the landscape of securities trading. The incorporation of artificial intelligence, machine learning, and blockchain technologies has revolutionized the way trades are executed, making them faster, more secure, and more efficient. High-frequency trading, powered by sophisticated algorithms, has become a dominant force in the market, contributing to increased trading volumes and liquidity. Furthermore, the development of robo-advisors and automated trading systems has made investment management more accessible and affordable, attracting a diverse array of investors with varying levels of expertise.

Moreover, globalization has significantly impacted the securities brokerages and stock exchanges market, as cross-border trading has become more prevalent. Financial markets are increasingly interconnected, allowing investors to access global opportunities beyond their domestic exchanges. This has led to a diversification of investment portfolios, with investors seeking exposure to emerging markets that offer high growth potential. Consequently, stock exchanges around the world are collaborating and forming alliances to facilitate seamless trading across borders, enhancing liquidity and market depth.

Service Type Analysis

The service type segment of the securities brokerages and stock exchanges market can be broadly categorized into full-service brokerages, discount brokerages, and stock exchanges. Full-service brokerages offer a comprehensive range of services, including investment advice, portfolio management, research reports, and retirement planning. This segment is traditionally preferred by high-net-worth individuals and institutional investors who require personalized and in-depth financial services. Despite higher fees, the demand for full-service brokerages remains steady due to the value-added services they provide, especially in complex financial environments.

Discount brokerages have gained significant traction in recent years, driven by the rise of self-directed investing. These platforms offer low-cost trading services with minimal or no advisory support, appealing to price-sensitive retail investors who are confident in their investment decisions. The competitive pricing models of discount brokerages, coupled with their easy-to-use digital platforms, have disrupted the traditional brokerage industry by attracting a large pool of younger, tech-savvy investors. The shift towards online and mobile trading has further accelerated the growth of this segment.

Stock exchanges, as the backbone of capital markets, provide the infrastructure necessary for the trading of securities. They play a critical role in ensuring market transparency, liquidity, and price discovery. As financial markets evolve, stock exchanges are increasingly adopting innovative technologies to enhance their trading systems and attract more listings. The introduction of new trading products, such as derivatives and ETFs, has diversified the offeri

Chinese

China's main stock market index, the SHANGHAI, rose to 3520 points on July 14, 2025, gaining 0.27% from the previous session. Over the past month, the index has climbed 3.86% and is up 18.35% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks this benchmark index from China. China Shanghai Composite Stock Market Index - values, historical data, forecasts and news - updated on July of 2025.

New York Stock Exchange: Index: MSCI US Momentum Net Total Return data was reported at 5,100.704 NA in Apr 2025. This records an increase from the previous number of 4,973.498 NA for Mar 2025. New York Stock Exchange: Index: MSCI US Momentum Net Total Return data is updated monthly, averaging 2,522.609 NA from Jan 2012 (Median) to Apr 2025, with 160 observations. The data reached an all-time high of 5,348.593 NA in Jan 2025 and a record low of 881.786 NA in Jan 2012. New York Stock Exchange: Index: MSCI US Momentum Net Total Return data remains active status in CEIC and is reported by Exchange Data International Limited. The data is categorized under Global Database’s United States – Table US.EDI.SE: New York Stock Exchange: MSCI: Monthly.

Morocco Index: Casablanca Stock Exchange: MASI: Net Return data was reported at 27,886.070 31Dec1991=1000 in Jun 2018. This records a decrease from the previous number of 28,532.690 31Dec1991=1000 for May 2018. Morocco Index: Casablanca Stock Exchange: MASI: Net Return data is updated monthly, averaging 18,881.400 31Dec1991=1000 from Jun 2003 (Median) to Jun 2018, with 181 observations. The data reached an all-time high of 30,057.140 31Dec1991=1000 in Feb 2018 and a record low of 4,909.600 31Dec1991=1000 in Jun 2003. Morocco Index: Casablanca Stock Exchange: MASI: Net Return data remains active status in CEIC and is reported by Casablanca Stock Exchange. The data is categorized under Global Database’s Morocco – Table MA.Z001: Casablanca Stock Exchange: Index.

Saudi Arabia Net Income: Tadawul: Banks data was reported at 45,829.300 SAR mn in Jun 2018. This stayed constant from the previous number of 45,829.300 SAR mn for May 2018. Saudi Arabia Net Income: Tadawul: Banks data is updated monthly, averaging 41,348.260 SAR mn from Jan 2017 (Median) to Jun 2018, with 18 observations. The data reached an all-time high of 45,829.300 SAR mn in Jun 2018 and a record low of 41,001.020 SAR mn in Oct 2017. Saudi Arabia Net Income: Tadawul: Banks data remains active status in CEIC and is reported by Tadawul. The data is categorized under Global Database’s Saudi Arabia – Table SA.Z017: Tadawul Stock Exchange: Net Income.

View data of the S&P 500, an index of the stocks of 500 leading companies in the US economy, which provides a gauge of the U.S. equity market.

Interactive chart of the Dow Jones Industrial Average (DJIA) stock market index for the last 100 years. Historical data is inflation-adjusted using the headline CPI and each data point represents the month-end closing value. The current month is updated on an hourly basis with today's latest value.

Cboe Global Markets net income for the twelve months ending March 31, 2025 was $0.802B, a 1.12% increase year-over-year. Cboe Global Markets annual net income for 2024 was $0.761B, a 0.46% increase from 2023. Cboe Global Markets annual net income for 2023 was $0.758B, a 223.58% increase from 2022. Cboe Global Markets annual net income for 2022 was $0.234B, a 55.6% decline from 2021.