BUSINESSWEEK ONLINE : JANUARY 15, 2001 ISSUE
INTERNATIONAL -- FINANCE

Bourses Get the Urge to Merge


Stock markets around the world are plotting ways to link up across borders or are starting new venues abroad. Their goal: to make global trading cheaper and easier--before the electronic networks beat them to it. Here are some stock exchanges and their market capitalizations, excluding investment funds:

TORONTO STOCK EXCHANGE
**$842 billion

NASDAQ
$3.6 trillion
NEW YORK STOCK EXCHANGE
$11.1 trillion
MEXICO STOCK EXCHANGE
$128 billion
SAO PAULO STOCK EXCHANGE
$206 billion
LONDON STOCK EXCHANGE
$2.4 trillion
TOKYO STOCK EXCHANGE
$3.4 trillion
EURONEXT BRUSSELS
*$157 billion

FRANKFURT STOCK EXCHANGE
$1.2 trillion
HONG KONG STOCK EXCHANGE
$582 billion
EURONEXT PARIS
*$1.4 trillion

NASDAQ JAPAN
$8.5 billion
EURONEXT AMSTERDAM
*$615 billion

SINGAPORE STOCK EXCHANGE
$81 billion
SYDNEY STOCK EXCHANGE
$366 billion
NEW ZEALAND STOCK EXCHANGE
$17.5 billion

* merged in Sept. 2000
** Oct. 2000

DATA: INTERNATIONAL FEDERATION OF STOCK EXCHANGES, NOV. 2000


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