Why are American stock exchanges like the NASDAQ more respected than other exchanges like the Canadian NEO?
In: Economics
The US has ten times the population and thirteen times the GDP of Canada, and so it’s reasonable that its stock exchanges see significantly more volume.
Exchanges in the rest of the developed world aren’t necessarily less *prestigious*, they just get less media attention because they’re lower value and volume.
Developing markets can have problems with regulation, corruption, and government mismanagement so they’re often treated with a little more suspicion from regulators.
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