The Global Stock Market: More of These, Less of Those

“Learn how to see. Realize that everything connects to everything else.” – Leonardo da Vinci

Given our ongoing fascination with 13F reports and the undulating list of 13F securities, which recently gave rise to our post, US Stock Market: Made of These, we have now turned to our old friends – and the data they curate – at the World Federation of Exchanges (WFE) to 1) corroborate some of our findings from the 13F dataset, and perhaps much more importantly, 2) assign a more global perspective to our ongoing analysis.

So, with that said, here are a few tasty tidbits to chew one while we bake this research into a more comprehensive meal behind the scenes:

In the Exhibit below, Alphacution presents aggregate global stock listings for the full sample of 192 months beginning January 2003 and ending December 2018. Today that figure stands at ~52,000 stock listing among the WFE member exchanges.

Meanwhile, the portion of global stock listings in the Americas region – which includes US, Canada, Latam and South America – has declined from ~29% to ~19% over the same period, see exhibit below:

And, while ETF listing growth has been among the leading headlines for exchanges around the world, the superlatives for global ETF listings by region belong to the EMEA region – with Deutsche Borse, Euronext, LSE Group and the SIX Swiss Exchange representing the bulk of the story there, see exhibit below:

Now, what this all might mean for trading, asset management, strategy development and the evolving ecosystem of players on the proverbial field is something for you to consider and a story Alphacution will look forward to sharing another day (soon).

Watch this space…


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By | 2019-04-04T01:09:30+00:00 April 4th, 2019|Alphacution Feed|

About the Author:

Paul Rowady is the Director of Research for Alphacution Research Conservatory, the first digitally-oriented research and strategic advisory platform uniquely focused on modeling and benchmarking the impacts of technology on global financial markets and the businesses of trading, asset management and banking. He is a 30-year veteran of the proprietary, quantitative and derivatives trading arenas with specific expertise in strategy research, risk management, and techno-operational development. Contact: feedback@alphacution.com; Follow: @alphacution.