5 Largest Stock Exchanges in the World

In this piece, we will take a look at the five largest stock exchanges in the world. For more stock exchanges, head on over to 21 Largest Stock Exchanges in the World.

5. Japan Exchange Group, Inc.

Market Capitalization in billions: $5,650

Market Identifier Code (MIC): XJPX

The Japan Exchange Group, Inc. is the holding company for Japan’s three major stock exchanges, the Tokyo Stock Exchange, the Osaka Stock Exchange, and the Tokyo Commodity Exchange. It also has a clearing house and other subsidiaries. The Japan Exchange Group’s market capitalization sits at $5.6 trillion and there were 3,871 firms listed on it as of December 2022. Out of these, only six were foreign firms. Foreign companies can raise capital on the TSE by either selling Japan Depository Receipts (JDRs) or issuing foreign stocks. Most of the foreign firms listed on the index are either from the U.S. or Singapore.