Complete list of all stock exchanges in the world

The two largest exchanges—NYSE ($26 trillion) and NASDAQ ($23 trillion)—dominate the global market, securing the U.S. the top spot in total market capitalization. Europe is represented by Euronext ($7.3 trillion), which surpasses the Shanghai Stock Exchange ($7 trillion) and the Tokyo Stock Exchange ($6.7 trillion). China demonstrates growth through HKEX ($4.6 trillion) and the Shenzhen Stock Exchange ($4.5 trillion). India (NSE, $4.3 trillion) and the UK (LSE, $3.8 trillion) maintain significant positions, while Saudi Arabia (Tadawul, $3 trillion) breaks into the top 10, highlighting the Middle East’s growing influence. The top five exchanges account for over 70% of global market capitalization.

It’s important to understand that market capitalization figures can fluctuate due to various factors. Below is the complete list of all stock exchanges in the world as of 2025.

Which Countries Have the Most Stock Exchanges?

The country with the most stock exchanges is England (including Scotland, Northern Ireland, and Wales) with 27 exchanges. The 2nd and 3rd places are shared by the USA and India (24 each), while Japan and Germany round out the top five with 9 exchanges each.
• England: 27
• USA: 24
• India: 24
• Japan: 9
• Germany: 9