<P> There are sixteen stock exchanges (bourse) in the world that have a market capitalization of over US $1 trillion each . They are sometimes referred to as the "$1 Trillion Club". These exchanges accounted for 87% of global market capitalization in 2015 . Some exchanges do include companies from outside the country where the exchange is located . </P> <P> Major stock exchange groups (top 20 by market capitalization) of issued shares of domestic companies, as of 31 October 2017 </P> <Table> <Tr> <Th> Rank </Th> <Th> Exchange </Th> <Th> Economy </Th> <Th> Headquarters </Th> <Th> Market cap (USD bn) </Th> <Th> Monthly trade volume (USD bn) </Th> <Th> Time zone </Th> <Th> Δ </Th> <Th> DST </Th> <Th> Open (local) </Th> <Th> Close (local) </Th> <Th> Lunch (local) </Th> <Th> Open (UTC) </Th> <Th> Close (UTC) </Th> </Tr> <Tr> <Td> </Td> <Td> New York Stock Exchange </Td> <Td> United States </Td> <Td> New York </Td> <Td> 21,377 </Td> <Td> 1,781 </Td> <Td> EST / EDT </Td> <Td> − 5 </Td> <Td> Mar--Nov </Td> <Td> 09: 30 </Td> <Td> 16: 00 </Td> <Td> No </Td> <Td> 14: 30 </Td> <Td> 21: 00 </Td> </Tr> <Tr> <Td> </Td> <Td> NASDAQ </Td> <Td> United States </Td> <Td> New York </Td> <Td> 9,585 </Td> <Td> 948 </Td> <Td> EST / EDT </Td> <Td> − 5 </Td> <Td> Mar--Nov </Td> <Td> 09: 30 </Td> <Td> 16: 00 </Td> <Td> No </Td> <Td> 14: 30 </Td> <Td> 21: 00 </Td> </Tr> <Tr> <Td> </Td> <Td> Japan Exchange Group </Td> <Td> Japan </Td> <Td> Tokyo </Td> <Td> 5,974 </Td> <Td> 536 </Td> <Td> JST </Td> <Td> + 9 </Td> <Td> </Td> <Td> 09: 00 </Td> <Td> 15: 00 </Td> <Td> 11: 30--12: 30 </Td> <Td> 00: 00 </Td> <Td> 06: 00 </Td> </Tr> <Tr> <Td> </Td> <Td> Shanghai Stock Exchange </Td> <Td> China </Td> <Td> Shanghai </Td> <Td> 5,043 </Td> <Td> 517 </Td> <Td> CST </Td> <Td> + 8 </Td> <Td> </Td> <Td> 09: 30 </Td> <Td> 15: 00 </Td> <Td> 11: 30--13: 00 </Td> <Td> 01: 30 </Td> <Td> 07: 00 </Td> </Tr> <Tr> <Td> 5 </Td> <Td> Euronext </Td> <Td> European Union </Td> <Td> Amsterdam Brussels Lisbon London Paris </Td> <Td> 4,388 </Td> <Td> 167 </Td> <Td> CET / CEST </Td> <Td> + 1 </Td> <Td> Mar--Oct </Td> <Td> 09: 00 </Td> <Td> 17: 30 </Td> <Td> No </Td> <Td> 08: 00 </Td> <Td> 16: 30 </Td> </Tr> <Tr> <Td> 6 </Td> <Td> London Stock Exchange </Td> <Td> United Kingdom </Td> <Td> London </Td> <Td> 4,297 </Td> <Td> 199 </Td> <Td> GMT / BST </Td> <Td> + 0 </Td> <Td> Mar--Oct </Td> <Td> 08: 00 </Td> <Td> 16: 30 </Td> <Td> No </Td> <Td> 08: 00 </Td> <Td> 16: 30 </Td> </Tr> <Tr> <Td> 7 </Td> <Td> Hong Kong Stock Exchange </Td> <Td> Hong Kong </Td> <Td> Hong Kong </Td> <Td> 4,135 </Td> <Td> 178 </Td> <Td> HKT </Td> <Td> + 8 </Td> <Td> </Td> <Td> 09: 15 </Td> <Td> 16: 00 </Td> <Td> 12: 00--13: 00 </Td> <Td> 01: 15 </Td> <Td> 08: 00 </Td> </Tr> <Tr> <Td> 8 </Td> <Td> Shenzhen Stock Exchange </Td> <Td> China </Td> <Td> Shenzhen </Td> <Td> 3,688 </Td> <Td> 680 </Td> <Td> CST </Td> <Td> + 8 </Td> <Td> </Td> <Td> 09: 30 </Td> <Td> 15: 00 </Td> <Td> 11: 30--13: 00 </Td> <Td> 01: 30 </Td> <Td> 07: 00 </Td> </Tr> <Tr> <Td> 9 </Td> <Td> TMX Group </Td> <Td> Canada </Td> <Td> Toronto </Td> <Td> 2,360 </Td> <Td> 92 </Td> <Td> EST / EDT </Td> <Td> − 5 </Td> <Td> Mar--Nov </Td> <Td> 09: 30 </Td> <Td> 16: 00 </Td> <Td> No </Td> <Td> 14: 30 </Td> <Td> 21: 00 </Td> </Tr> <Tr> <Td> 10 </Td> <Td> National Stock Exchange of India </Td> <Td> India </Td> <Td> Mumbai </Td> <Td> 2,194 </Td> <Td> 93 </Td> <Td> IST </Td> <Td> + 5.5 </Td> <Td> </Td> <Td> 09: 15 </Td> <Td> 15: 30 </Td> <Td> No </Td> <Td> 03: 45 </Td> <Td> 10: 00 </Td> </Tr> <Tr> <Td> 11 </Td> <Td> Deutsche Börse </Td> <Td> Germany </Td> <Td> Frankfurt </Td> <Td> 2,181 </Td> <Td> 122 </Td> <Td> CET / CEST </Td> <Td> + 1 </Td> <Td> Mar--Oct </Td> <Td> 08: 00 (Eurex) 08: 00 (floor) 09: 00 (Xetra) </Td> <Td> 22: 00 (Eurex) 20: 00 (floor) 17: 30 (Xetra) </Td> <Td> No </Td> <Td> 07: 00 </Td> <Td> 21: 00 </Td> </Tr> <Tr> <Td> 12 </Td> <Td> Bombay Stock Exchange </Td> <Td> India </Td> <Td> Mumbai </Td> <Td> 2,175 </Td> <Td> 11 </Td> <Td> IST </Td> <Td> + 5.5 </Td> <Td> </Td> <Td> 09: 15 </Td> <Td> 15: 30 </Td> <Td> No </Td> <Td> 03: 45 </Td> <Td> 10: 00 </Td> </Tr> <Tr> <Td> 13 </Td> <Td> Korea Exchange </Td> <Td> South Korea </Td> <Td> Seoul </Td> <Td> 1,683 </Td> <Td> 142 </Td> <Td> KST </Td> <Td> + 9 </Td> <Td> </Td> <Td> 09: 00 </Td> <Td> 15: 30 </Td> <Td> No </Td> <Td> 00: 00 </Td> <Td> 06: 00 </Td> </Tr> <Tr> <Td> 14 </Td> <Td> SIX Swiss Exchange </Td> <Td> Switzerland </Td> <Td> Zurich </Td> <Td> 1,649 </Td> <Td> 75 </Td> <Td> CET / CEST </Td> <Td> + 1 </Td> <Td> Mar--Oct </Td> <Td> 09: 00 </Td> <Td> 17: 30 </Td> <Td> No </Td> <Td> 08: 00 </Td> <Td> 16: 30 </Td> </Tr> <Tr> <Td> 15 </Td> <Td> Nasdaq Nordic </Td> <Td> Northern Europe, Armenia </Td> <Td> Stockholm </Td> <Td> 1,561 </Td> <Td> 77 </Td> <Td> </Td> <Td> various </Td> <Td> </Td> <Td> </Td> <Td> </Td> <Td> </Td> <Td> </Td> <Td> </Td> </Tr> <Tr> <Td> 16 </Td> <Td> Australian Securities Exchange </Td> <Td> Australia </Td> <Td> Sydney </Td> <Td> 1,428 </Td> <Td> 64 </Td> <Td> AEST / AEDT </Td> <Td> + 10 </Td> <Td> Oct--Apr </Td> <Td> 09: 50 </Td> <Td> 16: 12 </Td> <Td> No </Td> <Td> 23: 50 </Td> <Td> 06: 12 </Td> </Tr> <Tr> <Td> 17 </Td> <Td> JSE Limited </Td> <Td> South Africa </Td> <Td> Johannesburg </Td> <Td> 1,129 </Td> <Td> 30 </Td> <Td> SAST </Td> <Td> + 2 </Td> <Td> </Td> <Td> 09: 00 </Td> <Td> 17: 00 </Td> <Td> No </Td> <Td> 07: 00 </Td> <Td> 15: 00 </Td> </Tr> <Tr> <Td> 18 </Td> <Td> Taiwan Stock Exchange </Td> <Td> Taiwan </Td> <Td> Taipei </Td> <Td> 1,068 </Td> <Td> 71 </Td> <Td> CST </Td> <Td> + 8 </Td> <Td> </Td> <Td> 09: 00 </Td> <Td> 13: 30 </Td> <Td> No </Td> <Td> 01: 00 </Td> <Td> 05: 30 </Td> </Tr> <Tr> <Td> 19 </Td> <Td> BM&F Bovespa </Td> <Td> Brazil </Td> <Td> São Paulo </Td> <Td> 935 </Td> <Td> 65 </Td> <Td> BRT / BRST </Td> <Td> − 3 </Td> <Td> Oct--Feb </Td> <Td> 10: 00 </Td> <Td> 17: 30 </Td> <Td> No </Td> <Td> 13: 00 </Td> <Td> 20: 00 </Td> </Tr> <Tr> <Td> 20 </Td> <Td> BME Spanish Exchanges </Td> <Td> Spain </Td> <Td> Madrid </Td> <Td> 896 </Td> <Td> 72 </Td> <Td> CET / CEST </Td> <Td> + 1 </Td> <Td> Mar--Oct </Td> <Td> 09: 00 </Td> <Td> 17: 30 </Td> <Td> No </Td> <Td> 08: 00 </Td> <Td> 16: 30 </Td> </Tr> </Table> <Tr> <Th> Rank </Th> <Th> Exchange </Th> <Th> Economy </Th> <Th> Headquarters </Th> <Th> Market cap (USD bn) </Th> <Th> Monthly trade volume (USD bn) </Th> <Th> Time zone </Th> <Th> Δ </Th> <Th> DST </Th> <Th> Open (local) </Th> <Th> Close (local) </Th> <Th> Lunch (local) </Th> <Th> Open (UTC) </Th> <Th> Close (UTC) </Th> </Tr>

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