Aussie financial data firm has released its list of the world’s biggest financial markets, which include the US, UK, China and the US as well as the rest of Europe and Japan.
Key points:The top 10 financial markets are based on average daily trading volume in the last 12 months, according the firm, which was established in 2007.
The US accounted for a total of $5.4 trillion in assets in 2015, up from $4.6 trillion in 2014, and China for $2.3 trillion, up by about $1.6 billion from 2014.
The UK was the most valuable market, worth $3.8 trillion, and Germany the second most valued, with a total value of $2,919 billion, according data from the Bank for International Settlements.
In the US the index is based on trading volume for the last three months, while in the UK it is based purely on volume for four months.
“The biggest financial market in the world has always been the US.
The US has always had the most wealth, but that wealth has increased dramatically since the Great Recession.
It has increased by almost 100 per cent since the end of 2009, but it has been growing faster than the rest.
So now it is up to the US to deliver the most for the world,” Mr Scott said.
The 10 biggest markets are:Source: Australian Financial Services Market Association (AFSMA)Topics:money-and-monetary-policy,financial-services,economics-and/or-finance,wealth-and.energy,economy,energy-and‐utilities,financials,business-economics,wealthy-business,australia,united-states,united.abbott-tony,unitedkingdom