But what about international stocks? Where do they trade? One thing I have learned recently is that there is no such thing as the Worldwide Stock Exchange where all the international stocks trade. Instead there are many separate stock exchanges all around the world in many countries on every continent. This article shows All of the World’s Stock Exchanges by Size. The article says that there are 60 major stock exchanges in the world with a total value of $69 trillion. I guess that means the market cap of all the stocks on each exchange.
The article goes on and breaks down the number of stock exchanges by seven regions. Here they are ranked by size: (including populations)
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Rank Region Population Pop Language Family Exchanges Value Value (millions) (%) (billions $) (%) 1 North America 493.4 6.2% Indo-European 5 28059 40.4% 2 Asia 4550.0 57.5% Sino-Tibetan, Indo-European 17 23048 33.2% 3 Europe 694.5 8.8% Indo-European 17 13589 19.6% 4 Middle East 419.1 5.3% Semitic 9 1410 2.0% 5 Australia/NZ 42.6 0.5% Indo-European 2 1207 1.7% 6 Africa 1290.0 16.3% Niger-Congo, Afro-Asiatic 5 1122 1.6% 7 South America 428.2 5.4% Indo-European 5 933 1.3% World 7917.9 100.0% 7,1111 known languages 60 69368 100.0%
Who knew there were so many stock exchanges? North America has the biggest market cap of all seven regions, in five major stock exchanges, but only 6% of the population. Ranked by size: (including populations)
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Rank Country Pop Pop Language Family Exchange Founded Value Value (millions) (%) (bils $) (%) 1 U.S. 330.2 66.9% English NYSE 1792 18486 65.9% 2 U.S. English NASDAQ 1971 7449 26.5% 3 Canada 37.1 7.5% English, French TMX Group 2008 1697 6.0% 4 Mexico 126.2 25.6% Romance – Spanish Bolsa Mex. de Valores 1933 426 1.5% North America 493.4 100.0% 28058 100.0%
The great NYSE is the biggest in North America and the world. Nasdaq is second.
Whatever happened to the American Stock Exchange (AMEX)? I think there are other stocks exchanges in North America that didn't make the list. It think there is a Pacific Stock Exchange in LA , a Toronto Stock Exchange and Montreal Stock Exchange in Canada. I guess those are not considered to be major stock exchanges.
A good country to start with is our neighbor to the north Canada. I have been to Canada and it has a modern, developed economy, not all that different from the U.S. There is an ETF iShares MSCI Canada ETF (EWC) that invests in Canadian companies. It's been around since 1996, so that is decent amount of time. Maybe I'll do some research into Canadian companies and EWC.