BSE features in the list of ‘Worlds Biggest 10 Stock Exchanges by Market Cap

When we talk about Bombay Stock Exchange or BSE, most people know that it is the first ever stock exchange in Asia established in 1875. BSE is also known to be the Fastest Stock Exchange in the world with the speed of 6 micro seconds. With its splendid achievements over the years, BSE is special for Indian capital markets in many ways and is indeed a harbinger of growing economic prowess of Indian economy.

BSE has managed to add another feather to its cap by placing itself in the list of “World’s Biggest Stock Exchanges by Market Cap”. BSE ranks 10^th in the list of the Biggest Stock Exchanges in the World based on market capitalisation. The ranking is published by the World Federation of Exchanges in its March Report.

Here is the list of the World’s Biggest Stock Exchanges by Market Capitalisation:

*Market cap figures are in USD

We can see that NYSE and London Stock Exchanges are two of the oldest stock exchanges, however with the scale of globalisation and the increasing clout of Asian economies the strength of stocks exchanges from Asia is highlighted. Just as Indian investors track Dow Futures to understand where the markets may open next morning, it is common these days from investors in US to track the opening of Sensex and Asian Markets to understand the sentiment that may influence the US market openings. BSE is the only stock exchange in the list of biggest stocks exchanges in the world along with Shenzhen Stock Exchange and Shanghai Stock Exchange that represent the emerging world.

BSE in its journey has facilitated the growth of the Indian corporate sector by providing it an efficient capital-raising platform. The vision of BSE is to “Emerge as the premier Indian stock exchange with best-in-class global practice in technology, products innovation and customer service."

World Federation of Exchanges also known as WFE is the global industry group for exchanges and clearing houses (CCPs) around the world. The WFE was founded in 1961 with an aim to contribute to “the development, support and promotion of organised and regulated securities markets in order to meet the needs of the world’s capital markets in the best interests of their users.’’