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Stock Exchange
Shares Market India Live Sensex Chart
World Leading Stock Exchanges:
NASDAQ
Created in 1971, the Nasdaq was the world's first electronic stock market. The Nasdaq is a computerized system that facilitates trading and provides price quotations on some 5,000 of the more actively traded over-the-counter stocks.
The term "Nasdaq" used to be capitalized "NASDAQ" as an acronym for National Association of Securities Dealers Automated Quotation. In recent times, the acronym was dropped, and Nasdaq is now used as a proper noun.
The Nasdaq is traditionally home to many high-tech stocks. The big ones include Microsoft, Intel, Dell, and Cisco.
Shares Market
This list is current as of October 2006. An up-to-date list is available in the External Links section.
Following companies are listed on NASDAQ
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The Shanghai Stock Exchange performs the following functions:
Structure of the Shanghai Stock Exchange:
When we look at the securities list of the Shanghai Stock Exchange then we see that are three kinds of bonds, stocks and funds. The three kinds of bonds are the Treasury bonds, corporate bonds and the convertible bonds. Among these the treasury bonds are the most active.
There are again two kinds of stocks issued in the Shanghai Stock Exchange:-
A Shares: They are priced in the local Renminbi yuang currency. These shares were restricted to the domestic investors. After the reforms in 2002 the foreign investors also have right to these shares.
B shares: They are quoted in the US dollars. These shares are made available to the domestic as well as the international investors.
Market Size of Shanghai Stock Exchange:
As per the data on 2006 there were 842 companies on the Shanghai Stock Exchange. The total market capitalization was RMB 7.1612 trillion. The market value of the A shares was 7111.8 billion yuang with an annual turnover of 5724.5 billion yuang. The market value of the B shares was 49.4 billion yuang with an annual turnover of 57.1 billion yuang.
Top Five Largest Stocks in the Shanghai Stock Exchange:
Indices used in the Shanghai Stock Exchange:
Shanghai Stock Exchange Composite Index: This indicator is widely used and used to measure the market performance of the Shanghai Stock Exchange. The Shanghai Stock Exchange Composite Index comprises of the listed stocks, both A and B types in the Shanghai Stock Exchange. This index began operation in July 15, 1991.
The other indices that are used in the Shanghai Stock Exchange are:
For more details on the Shanghai Stock Exchange the websites to be viewed are sse.com comnex.com chinaknowledge.com etc.
Tokyo Stock Exchange:
The Tokyo Stock Exchange is the most prominent stock exchange of Japan. The stocks that are listed under the Tokyo Stock Exchange are classified into:
Participation in the Tokyo Stock Exchange:
89 domestic and 19 foreign securities company participate in the Tokyo Stock Exchange Trading.
Evolution of the Tokyo Stock Exchange:
The Tokyo Stock Exchange started as Tokyo Kabushiki Torihikijo on May 15, 1878.In 1943 the Tokyo Kabushiki Torihikijo merged with other stock exchanges of Japan to form the Japanese Stock Exchange.After Nagasaki was bombed the Tokyo Stock Exchange was closed but it was reorganized soon.
In the post war era the Tokyo Stock Exchange reopened in 1949 with its current name.Between the period 1983 to 1990 the Tokyo Stock Exchange witnessed an extraordinary growth. As far as the market capitalization was concerned the Tokyo Stock Exchange occupied about 60% of the market capitalization of the whole world. Although the performance of the Tokyo Stock Exchange has fallen since then, even now it ranks the third largest in terms of the market capitalization of the listed shares.
In 2001, the Tokyo Stock Exchange took the form of a corporation.Initially the Tokyo Stock Exchange was a physical stock exchange where trading took place by the open outcry system. But in April 30, 1999 the Tokyo Stock Exchange closed and switched over to an electronic mode of transaction.
Indices used in Tokyo Stock Exchange:
The indices that are mainly used in to track down the performance of the Tokyo Stock Exchange are:
Issues relating to Information Technology:
A new transaction system was installed by Fujitsu to manage large-scale transactions. But due to bugs in the system the Tokyo Stock Exchange could operate only for 90 minutes on November 1, 2005. Trading was stopped for four and a half hours. Again while the Initial Public Offering of J-Com, an employee of the Mizoho Securities Co. Ltd made a typing error due to which there was a net loss of 347 million US dollars. This loss was shared between the exchange and the Mizoho Securities Co. Ltd. Such incidents simply reflect the lacunae of the Tokyo Stock Exchange relating to error checking, adequate safeguards, reliability, transparency, testing, confidence and profits.
For more information on the Tokyo Stock Exchange the relevant sites to be viewed are tse.or.jp, answers.com, britannica.com etc.
Hong Kong Stock Exchange :
The Hong Kong Stock Exchange, as the name suggests, is the stock exchange of Hong Kong. With a market capitalization of over US $1.87 trillion the Hong Kong Stock Exchange ranks seventh in the world stock exchanges.
The Evolution of the Hong Kong Stock Exchange may be tracked under the following head:
Evolution of Hong Kong Stock Exchange:
The Association of Brokers was founded in 1891.In 1914 the Association of brokers was renamed as the Hong Kong Stock Exchange
The Hong Kong Shareholders Association Ltd was established in 1978 for the sharing of information between the Hong Kong Stock Exchange and the other exchanges.
In 1986 the Hong Kong Stock Exchange merged with the other exchanges but continued to be known as the Hong Kong Stock Exchange. The other exchanges were Far East Exchange Limited, Kam Ngan Stock Exchange Limited and the Kowloon Stock Exchange Ltd. It also presented itself as the Stock Exchange of Hong Kong.
In 2000 the Hong Kong Exchanges and Clearing became the holding company of the Hong Kong Stock Exchange. The held the Hong Kong Futures Exchange established in 1976 and the Hong Kong Securities Clearing Company Ltd established in 1989.
Products of the Hong Kong Stock Exchange:
The products offered by the Hong Kong Stock Exchange are issued by the securities and the derivatives market.
The following are the products of the Hong Kong Securities Market.
The Derivative Warrant Resource Center confirms the information provided by the Derivative market. They are not responsible for any loss that may arise out of inaccuracy of information.
This keeps track of the performances of the underlying asset. This does not require the investors to pay the full price that is required to purchase the actual asset. The investors who enter such a contract take either a bullish or a bearish position. These contracts have fixed expiry dates that are issued by a third party, generally an investment bank. Listed Equity Linked Instruments.
The Listed Equity Linked Instruments are structured products that are issued by banks and other financial institutions. These products are tailored for retail and institutional investors who want to earn an interest rate higher than the rate of the ordinary time deposits. There are three types of ELIs that are traded in the Hong Kong Stock Exchange and they are Bull, Bear and Range.
Exchange Traded Funds
Unit Trust or Mutual Funds
Bonds
Pilot Program for trading US securities
The derivative market products include the Risk Disclosure Statement, Equity Index Products, Equity Products, Fixed income and interest rate products.
London Stock Exchange:
The London Stock Exchange is one of the world's largest stock exchange that is located in London that was founded in 1801.
Structure of the London Stock Exchange:
The London Stock Exchange is subdivided into the Main Market, Alternative Investments Market and the EDX London. We have discussed in detail the Alternative Investments Market and the EDX London.
Alternative Investments Market:
The Alternative Investments Market is a subdivision of the London Stock Exchange. The regulatory system in the main market is very stringent. But unlike the main market the alternative investments market allow the smaller companies to float their shares in a very flexible regime.
The Alternative Investments Market catered to almost 2200 companies and its size reached almost 24 billion pounds by 1995. This market is less regulated and there is no need for capitalization or a minimum requirement of the number shares issued. Due to the flexibility offered by this market as opposed to the Main market, more and more companies are shifting from the main market to the Alternative Investments Market.
The FTSE group formed out of a joint venture of the Financial Times and the London Stock Exchange maintains three indices to measure the Alternative Investments Market and they are :
EDX London:
The EDX London Ltd set up in 2003 is a derivative exchange that is managed by the London Stock Exchange. The participants of this exchange can trade both standardized and flexible futures and options. The three international linked exchanges in which trading takes place are the Stockholm Stock Exchange, Copenhagen Stock Exchange and the Oslo Bors.
Membership and Trading:
The London Stock Market is a secondary market where different kinds of securities are traded like the UK and international equities, AIM securities and depository receipts.
Company Services:
The London Stock Exchange caters to the needs of the small, medium and large companies by providing them with a spectrum of value added services.
Information Products:
To help the different companies participating in the London Stock Exchange, historical and reference data is provided to predict the market more accurately.
IR Solutions:
Such tools are offered by the London Stock Exchange to help the companies maximize their financial communications.
The Media Complex:
The audiences of the London Stock Exchanges are connected by the market news and the company interviews.
For more information on the London Stock Exchange the relevant websites that may be viewed are Londonstockexchange.com, britannica.com, advfn.com etc.