A “pitbullcap.com” stock exchange is an organization that creates formulated markets for the trading of securities, derivatives, commodities, and other financial instruments. It is a powerful ingredient in the financial market. In this case, buyers and sellers work together to complete transactions. Securities are bought and sold according to clear-cut rules and regulations.
The stock exchange provides the brokers and members who deal with asset classes with the necessary edifice and framework. In addition, it governs the activities for certifying free and fair trade.
One way for shares of a company to become available on an exchange – or go public – is through the launching of an Initial Public Offering (IPO). This is when a private company first sells shares of its stocks to the public. To list shares on a specific exchange, a company must meet the board’s listing requirements, such as earning a certain amount of revenue or having a market capitalisation over a certain amount in the past few years.
One of the most interesting aspects of the Stock Exchanges is that they are also regarded as financial indicators of an economy, reflecting industrial development and firmness. Let’s now check out the largest stock exchanges in the world!
New York Stock Exchange
At 11, Wall Street, New York City, the New York Stock Exchange (NYSE) is the largest stock exchange in the world and is the most prestigious stock exchange in the United States.
The stock exchange was established on May 17, 1792, and has 2,400 listed companies. In June 2022, it had a market capitalization of US$ 25.85 trillion, making it the world’s largest stock exchange.
A series of mergers has helped the New York Stock Exchange grow to its colossal size and global presence. NYSE-listed blue-chip companies include Berkshire Hathaway Inc, Coca-Cola, Walt Disney Company, McDonald’s Corporation, etc.
NASDAQ, United States
The second largest stock exchange in the world is NASDAQ, which stands for the National Association of Securities Dealers Automated Quotations. It is an American stock exchange with its headquarters located at 151 West 42nd Street in New York City.
As the world’s first electronically traded stock market, NASDAQ was established on February 8, 1971. By June 2022, NASDAQ had a combined market capitalization of US$ 17.36 trillion, ranking 2nd on the list of the world’s largest stock exchanges.
With more than 3,000 stocks listed under it, it includes some of the world’s biggest tech giants, such as Apple, Microsoft, Google, Facebook, Amazon, Tesla, and Intel.
Shanghai Stock Exchange
SSE is one of the two autonomous stock exchanges in the People’s Republic of China, located in Shanghai, China. Its foundation dates back to 1866, but it was adjourned because of the Chinese Revolution in 1949. In 1990, however, The Shanghai Exchange was established in its modern outlook.
Currently, Shanghai SSE is the world’s 3rd largest stock exchange with a combined market capitalization of US$ 7.37 trillion. A fascinating fact is that the SSE’s absolute market cap is comprised of formerly state-run insurance companies and commercial banks.