By far the largest stock market is the New York Stock Exchange, which trades $30 trillion worth of stock, followed by National Association of Securities Dealers Automated Quotations (NASDAQ) in New York ($15 trillion); London, England ($10 trillion); the Tokyo [Japan] Stock Exchange ($6.4 trillion); Euronext [Belgium, France, Holland, and Portugal] ($5.6 trillion); Frankfurt, Germany ($4.3 trillion); and Shanghai, China ($4.1 trillion).