So with no really bad news and low returns elsewhere, investors have piled into the Stock Markets, causing the current rising prices. Here I have used market capitalization factor and listed the top 10 stock exchanges in the world.
This is the real international market in which nearly 3,000 companies from 70 different countries are listed. Finally Australian Securities Exchange was created in the year of 2006 by the merger of Australian Stock Exchange and Sydney Future Exchange. The index of Shanghai Stock Exchange has reached a maximum of 6,000 points during the year of 2007 and now it is floating nearer to the 2,500 mark. Now mostly electronic transaction happens and this happens to be the world’s largest stock exchange.
In the 11th century, in the city of Cairo (currently the capital of Egypt), Yuthas and Mughals were involved in the buying-selling trade and this is the Rishi Moolah for all the stock exchanges of the world. When this stock exchange was introduced with new methods of transaction in the year of 2005, it was severely affected by bugs and shut down completely for four and half hours.
As per the record, the first stock exchange of the world was “Amsterdam Stock Exchange” formed in the year of 1602 by the Dutch East India Company. Then this concept spread to all the countries gradually and stock exchanges were formed throughout the world by the Traders organization.
Initially It was named Association of Brokers, Hong Kong in 1891 but later it was renamed as Hong Kong stock exchange in 1914.
Stock exchange went through numerous changes and recently in the year of 2011, it was announced publicly that London Stock Exchange had merged with TMX group. The first stock exchange of Canada was formed in the year of 1852 by the Association of the Brokers of that country and later on they grew into the seventh largest stock exchange in the world. Apart from BSE, other important stock exchange of India is National Stock Exchange which was formed in the year of 1994.
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