New York Stock Exchange
The palm was awarded to the world’s largest organization located at the well-known Wall Street in New York. It is the leading stock exchange operator with the biggest capital turnover in the world. The equity market capitalization is over $25 trillion. The New York Stock Exchange is considered to be a symbol of the financial power of the US and the global industry. The NYSE houses several stock market indices: the Dow Jones Industrial Average, the NYSE Composite, NYSE ARCA Tech 100 Index, and some others.
NASDAQ
The second place among the world’s largest stock exchanges comes to NASDAQ. It is the US stock market specialized in shares of the leading technology and innovative companies. "Nasdaq" was initially an acronym for the National Association of Securities Dealers Automated Quotations. The organization was established in 1971. At the moment, NASDAQ is trading shares of more than 3,200 companies. The market capitalization of the stock exchange totals $11,2 trillion.
Japan Exchange Group
Japan Exchange Group is ranked third on the list of stock exchanges by market capitalization of shares traded. Its market capitalization amounts to $5.1 trillion. According to analysts, Japan Exchange Group controls most stock organizations in Japan, including the Tokyo Stock Exchange and the Osaka Exchange.
Shanghai Stock Exchange
The Shanghai Stock Exchange takes fourth place among the world’s leading stock exchanges. It is one of the two stock exchanges operating independently in mainland China. The company was established in 1990. There are two types of stocks that are traded in the Shanghai Stock Exchange: "A" shares and "B" shares. The A-type shares are priced in the Chinese national yuan, while the B-type shares are quoted in US dollars.The market capitalization of the Shanghai Stock Exchange is $4.7 trillion.
Euronext NV
The fifth place in the rating is occupied by Euronext NV. It is a European stock exchange that operates in Belgium, France, Portugal, and the Netherlands. The company offers trading of shares and derivatives as well as services of clearing and financial consulting. The company’s market capitalization is estimated at $4.5 trillion.
Hong Kong Stock Exchange
The Hong Kong securities market is the sixth largest company on the list. Moreover, it is one of the oldest stock exchanges in the world. It was founded in Hong Kong in 1891 when the Association of Stockbrokers was established. The organization received its official name only in 1914. A combined market capitalization of the stock exchange totals $4.2 trillion.
Shenzhen Stock Exchange
The seventh position goes to the Shenzhen Stock Exchange that is specialized in shares of the state-owned companies. The SZSE Component Index is the main index of the exchange. Market participants use it to monitor the prices of shares of 40 most liquid companies. Market capitalization of the Shenzhen Stock Exchange amounts to $3.5 trillion.
London Stock Exchange
The London Stock Exchange is the eighth among the financial market giants. It is one of the oldest organizations in Europe. It can be called the heart of the global stock market. The stock exchange was founded in 1801 and has the status of a joint company. The London Stock Exchange has a market capitalization of $2.9 trillion.
Toronto Stock Exchange
The ninth place in the rating is occupied by the Toronto Stock Exchange. This company with a rich history was established in 1852. In 1934, it merged with its rival Standard Stock and Mining Exchange to amalgamate into the Toronto Stock Exchange. At the moment, the market capitalization of the financial conglomerate comes to $1.8 trillion.
Bombay Stock Exchange
The Bombay stock exchange, founded in 1875, closes the top 10 largest exchange organizations in the world. It is one of the oldest financial institutions in India since its colonization by the British Empire. The Bombay Stock Exchange, with a market capitalization of $1.5 trillion, is part of the Asian and Oceanian Stock Exchanges Federation (AOSEF).
Following his election victory, Donald Trump, a billionaire himself, once again decided to include prominent magnates in his administration, as he did during his first presidential term. As a result, Trump's current cabinet features seven billionaires, making it one of the wealthiest in US history. Let's find out who these billionaires are and the roles they have been assigned.
Not long ago, the United States held a presidential election, where Donald Trump emerged victorious. Today, he is recognized as the wealthiest American leader in the country's history. Let's take a closer look at other former US presidents who also achieved significant financial success.
