There are 60 major stock exchanges throughout the world, and their range of sizes is quite surprising.
Click the image to see the whole infographic.
As Visual Capitalist notes, at the high end of the spectrum is the mighty NYSE, representing $18.5 trillion in market capitalization, or about 27% of the total market for global equities.
At the lower end? Stock exchanges on the tiny islands of Malta, Cyprus, and Bermuda all range from just $1 billion to $4 billion in value. Even added together, these three exchanges make up just 0.01% of total market capitalization.
Back at the upper end, the top 16 exchanges each have a market capitalization above $1 trillion. Together, those top-16 exchanges account for 87% of the world's total value of equities.
That is a lot of money and information … I'd expect big changes, here, as the FinTech arms race escalates.