Market Structure in Other Countries

The structure of security markets varies considerably from one country to another. A full cross-country comparison is far beyond the scope of this text. Therefore, we instead briefly

Figure 3.5 Trading volume in major world stock markets, 1999.

12,000

10,000

8,000

6,000

4,000

2,000

CT CO T3

CO CL

Source: International Federation of Stock Exchanges, www.fibv.com; e-mail: [email protected]; Tel: (33 1) 44 01 05 45 Fax (33 1) 47 54 94 22; 22 Blvd de Courcelles Paris 75017.

review two of the biggest non-U.S. stock markets: the London and Tokyo exchanges. Figure 3.5 shows the volume of trading in major world markets.

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