Tuesday, June 16, 2009

Brazil's Bovespa and Hong Kong Exchanges Now Bigger than NYSE, Nasdaq and LSE

Sign of the times: The Financial Time of London reports today that Hong Kong Exchanges and Clearing (HKEx) and Brazil’s BM&F Bovespa have vaulted ahead of NYSE Euronext, Nasdaq OMX and the London Stock Exchange in the value of shares in the exchange companies themselves.

The current ranking is:

1. CME (Chigago)
2. HKEx (Hong Kong)
3. DB (Germany)
4. Bovespa (Sao Paulo)

Says the FT:

"BM&F Bovespa has been closing down its trading pits and expanding into electronic trading to make it easier for overseas traders to access the exchange. Next month, the Brazilian bourse opens a London office. Trading volume on HKEx has surged in recent months on the back of strong inflows from investors shifting to equities as they seek higher returns. HKEx shares have risen nearly 70 per cent since the start of the year. "

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