Securities Brokerages and Stock Exchanges Market Report 2026

The securities brokerages and stock exchanges market size has grown strongly in recent years. It will grow from $2.21 trillion in 2025 to $2.37 trillion in 2026 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to expansion of global capital markets, growth in institutional investment activity, increasing demand for liquidity and price discovery, adoption of electronic trading systems, strengthening regulatory frameworks.

The securities brokerages and stock exchanges market size is expected to see strong growth in the next few years. It will grow to $3.3 trillion in 2030 at a compound annual growth rate (CAGR) of 8.6%. The growth in the forecast period can be attributed to increasing adoption of AI-driven trading analytics, expansion of digital asset trading, growing demand for low-latency trading infrastructure, rising cross-border investment flows, increasing retail investor education initiatives. Major trends in the forecast period include increasing shift toward online trading platforms, rising adoption of algorithmic trading tools, growing participation of retail investors, expansion of multi-asset trading offerings, enhanced focus on market transparency and compliance.

The rising internet penetration is expected to drive growth in the stock brokerage market in the coming years. Internet penetration refers to the proportion of a population or geographic area with access to the internet, indicating the level of digital connectivity and inclusion. In stock brokerage, higher internet penetration enables access to online trading platforms, allowing individuals to buy and sell stocks, bonds, and other securities while staying informed with real-time financial data. For instance, in February 2023, according to Meltwater, a Netherlands-based software company, internet users in the UK increased by 224 thousand (+0.3%) between 2022 and 2023, reaching a total of 66.11 million users. Therefore, growing internet access is supporting the expansion of the stock brokerage market.

Leading companies in the securities brokerages and stock exchanges market are developing innovative platforms to provide reliable and accessible services for investors. For example, in August 2023, PhonePe, an India-based digital payments and financial services company, launched the share (dot) market - a technology platform that offers stocks (intraday and delivery), mutual funds, exchange-traded funds (ETFs), and wealth baskets. The platform also provides trading view charts, enhancing the trading experience for retail investors and enabling participation across different demographics through a mobile app.

In December 2025, Citigroup Inc., a US-based global financial services company, partnered with London Stock Exchange Group plc to enhance access to financial data and analytics. This strategic partnership leverages LSEG’s extensive data platforms to improve market insights, support investment decision-making, and strengthen Citi’s analytical capabilities for clients worldwide. London Stock Exchange Group plc is a UK-based provider of financial market infrastructure and data services.

Major companies operating in the securities brokerages and stock exchanges market are Northwestern Mutual, Bank of America Corporation., Ameriprise Financial Inc (AMP), Wells Fargo Advisors (WFC), Raymond James Financial Inc., Charles Schwab Corporation, FMR LLC, Morgan Stanley, Interactive Brokers India Pvt. Ltd., Robinhood Financial LLC, Ally Financial Inc., Hong Kong Exchanges and Clearing Limited., New York Stock Exchange, Nasdaq Inc., Japan Exchange Group Inc., London Stock Exchange Group plc, CME Group Inc., Deutsche Börse Group, Shanghai Stock Exchange, Australian Securities Exchange, Singapore Exchange Limited, B3 S.A. - Brasil, Bolsa, Balcão, TSX Inc., Moscow Exchange, SIX Swiss Exchange, Korea Exchange, Johannesburg Stock Exchange Ltd., Taiwan Stock Exchange Corporation., TD Ameritrade Holding Corporation, TradeStation Group Inc.

North America was the largest region in the securities brokerages and stock exchanges market in 2025. Asia-Pacific was the second-largest region in the securities brokerages and stock exchanges market. The regions covered in the securities brokerages and stock exchanges market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the securities brokerages and stock exchanges market report are China, India, Japan, Australia, Indonesia, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, Taiwan, New Zealand, UK, Germany, France, Italy, Spain, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.

The securities brokerage and stock exchange services market consist of revenues earned by entities by acting as brokers in selling securities such as equities, bonds, commodities and derivatives. Securities brokerages represent customers in dealing with securities transactions on the trading floor/online platform of stock exchanges. The securities brokerages might sometimes act as a representative for both buyer and seller. This market excludes the advisory and investment activities of the brokerage firms. This market includes transaction charges levied by stock exchanges for trading on its trading floor/online platform to securities brokerages and other fees. It does not include the value of the funds invested in securities. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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