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59
Payroll
STOCK EXCHANGE
2007
2008
2009
2010
2011
CAGR
NUMBER OF
LARGE LISTINGS
Athens Stock Exchange 
52%
70%
67% 100% 100% 18%
9
Australian Securities Exchange
82%
79%
83%
81%
79%
-1%
86
Bangkok Stock Exchange
87%
75% 100% 100% 90%
1%
40
BM&FBOVESPA
55%
84%
76%
89%
96%
15%
83
BME Spanish Exchanges
92%
92%
89%
89%
95%
1%
37
Bolsa Colombia
75% 100% 79%
70%
75%
0%
16
Borsa Istanbul
77%
71%
92%
97%
93%
5%
29
Borsa Italiana
86%
81%
83%
84%
77%
-3%
43
Bursa Malaysia
100% 100% 100% 97%
94%
-2%
47
Copenhagen Stock Exchange
87%
85%
88%
85%
90%
1%
20
Deutsche Börse
87%
87%
87%
88%
85%
-1%
81
Euronext Amsterdam
85%
83%
78%
77%
75%
-3%
32
Euronext Brussels
80%
87%
85%
95%
90%
3%
21
Euronext Lisbon
100% 100% 100% 100% 100%
0%
9
Euronext Paris
88%
85%
83%
84%
84%
-1%
106
Helsinki Stock Exchange
91%
87%
89%
91%
89%
-1%
19
Hong Kong Stock Exchange
94%
88%
95%
95%
93%
0%
198
Indonesia Stock Exchange
92%
80% 100% 97% 100%
2%
46
Johannesburg Stock Exchange 
86%
81%
80%
82%
76%
-3%
49
Korea Exchange
97%
98%
96%
85%
82%
-4%
84
Kuwait Stock Exchange
100% 90%
80%
82%
71%
-8%
14
Lima Stock Exchange
50%
57%
62%
76%
60%
5%
15
London Stock Exchange
92%
89%
91%
91%
88%
-1%
185
Mexican Stock Exchange
10%
5%
0%
6%
12%
0%
42
Moscow Exchange
95% 100% 100% 98%
94%
0%
33
Nasdaq
10%
14%
11%
13%
14%
9%
323
National Stock Exchange
98%
97%
99% 100% 100%
0%
99
New York Stock Exchange
12%
12%
13%
13%
11%
-1%
921
Osaka Securities Exchange
100% 100% 100% 100% 100%
0%
14
Oslo Stock Exchange
84%
88%
82%
79%
75%
-3%
20
Philippine Stock Exchange
85%
86%
89%
95%
97%
3%
31
Qatar Stock Exchange
77%
75%
83%
79%
78%
0%
18
Santiago Stock Exchange
11%
28%
78%
79%
82%
65%
34
Saudi Arabia Stock Exchange
78%
76%
79%
90%
85%
2%
40
Shanghai Stock Exchange
15%
36%
31%
74%
71%
47%
148
1...,56,57,58,59,60,61,62,63,64,65 67,68,69,70,71