List of World’s Major Stock Exchanges and Their Trading Hours
A stock exchange is a regulated marketplace where companies list their shares to raise funds and investors buy and sell these securities.
Table of Contents
World’s major stock exchanges
| Stock Exchanges | Trading Hours |
| New York Stock Exchange (NYSE) | Monday to Friday, 9:30 AM to 4:00 PM (Eastern Time) |
| Nasdaq | Monday to Friday, 9:30 AM to 4:00 PM (Eastern Time) |
| London Stock Exchange (LSE) | Monday to Friday, 8:00 AM to 4:30 PM (Greenwich Mean Time) |
| Tokyo Stock Exchange (TSE) | Monday to Friday, 9:00 AM to 3:00 PM (Japan Standard Time) |
| Shanghai Stock Exchange (SSE) | Monday to Friday, 9:30 AM to 3:00 PM (China Standard Time) |
| Hong Kong Stock Exchange (HKEX) | Monday to Friday, 9:30 AM to 4:00 PM (China Standard Time) |
| Euronext | Monday to Friday, 9:00 AM to 5:30 PM (Central European Time) |
| Frankfurt Stock Exchange (FWB) | Monday to Friday, 9:00 AM to 5:30 PM (Central European Time) |
| Toronto Stock Exchange (TSX) | Monday to Friday, 9:30 AM to 4:00 PM (Eastern Time) |
| Australian Securities Exchange (ASX) | Monday to Friday, 10:00 AM to 4:00 PM (Australian Eastern Standard Time) |
How do companies list on stock exchanges?
Companies wanting to list their shares on a stock exchange to raise funds from investors will go through a process known as an initial public offering (IPO). These listed securities can then be bought and sold by investors in the secondary market.
Here are the general IPO steps:
Preparation and Planning:
- Selecting Advisors: Companies typically engage investment banks, legal counsel, and auditors to help with the IPO process.
- Financial Due Diligence: The company prepares financial statements and undergoes rigorous due diligence to ensure compliance with regulatory requirements.
Registration and Filing:
- Drafting the Prospectus: The company creates a prospectus outlining its business, financials, risks, and offering details.
- Filing with Regulators: The company files the prospectus with the securities regulator in the jurisdiction where it intends to list.
Marketing and Roadshow:
- Investor Education: The company’s management and underwriters conduct a roadshow to market the IPO to potential investors.
- Price Setting: Based on investor demand, the final IPO price is determined.
Listing on the Exchange:
- Approval: The stock exchange reviews the company’s application and prospectus for compliance with listing requirements.
- Trading Begins: Shares are listed on the exchange, and trading commences after the IPO is completed.
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