I think most of us think that there are 3-4 major exchanges whereby stock trading occurs. For many, those 3-4 exchanges are the NYSE and Nasdaq, possibly another 1 or 2 that come to mind.
I decided to do a deep dive into this subject and discovered that there are 34 exchanges for trading stocks. 34! I am sure I will find more as well.
Did you know just about every market maker has its own private exchange? Did you know most of the large banks have their own private exchange? I recently learned all of this and then some and I believe it’s a valuable lesson for traders, investors, and all market participants out there – your orders can be routed to 34 other exchanges.
I’ve compiled a full list here of every exchange including its name, purpose, and profile. So, if you’re interested about the different exchanges that are routing stock market orders by the day, hour, and minute, this list is worth checking out.
Lastly, stay tuned, as I plan on expanding on this list and making it more comprehensive.