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.

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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.