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PROFIT-MAKING AND FINANCIAL INSTITUTIONS
Financial marketsNew York, US
The New York Stock Exchange (NYSE)
is the largest in the world (market
capitalization—the market value of its
outstanding shares: $14.14 trillion),
followed by the NASDAQ, which is
also based in New York, ($5.63 trillion).
Toronto, Canada
The Toronto Stock Exchange (TSE)
in Canada is run by the TMX Group
($1.45 trillion).Tokyo, Japan
The Japan Exchange Group ( JPX),
based in Tokyo, is the largest
exchange in Asia ($3.73 trillion).
China
China has three stock exchanges:
the Shanghai Stock Exchange (SSE),
($2.9 trillion); Shenzhen Stock
Exchange (SZSE) ($2.36 trillion);
and the Stock Exchange of Hong
Kong (SEHK) ($2.32 trillion).London, UK
The London Stock Exchange (LSE) is
Europe’s largest ($2.68 trillion).
European Union
Euronext has headquarters in
Amsterdam, Brussels, Lisbon,
London, and Paris ($2.56 trillion).
Frankfurt, Germany
Deutsche Börse is based in Frankfurt
(FWB) ($1.24 trillion).FINANCIAL MARKETS AROUND THE WORLD
Checking prices across markets
Traders check currency values and prices,
looking for variations across the markets.
The global markets are closely connected
and sharp rises or heavy falls in Asia, or the
US, may affect prices in London and the
rest of Europe. See pp.58–59, 64–65PROFITING
Large gains may
be made by
buying a share
at a low price,
then selling it as
it rises but
before it peaks.
See pp.68–69ROGUE TRADER
A trader who
makes high-risk,
speculative,
unauthorized
trades, usually
financial.
See pp.66–67$
€London New York Tokyo
London New York Tokyo
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