Stock market liquidity plays an important role both in price discovery and cashability, which leads to the ease of post IPO financing in the market as well as IPO. Therefore, the stock market liquidity is one of the most important factors when choosing the right stock exchange to offer stocks.


KRX's yearly trading value in 2016 was US$1.7 trillion, which was the 3rd most liquid market in Asia next to China and Japan. In terms of world ranking, KRX was the 9th most liquid market in 2016 surpassing other major exchanges in Asia and Europe.


(USD millions)
Ample Liquidity 1
No. Exchange Trading Value
1 NYSE Group 17,317,900
2 BATS Global Markets 13,682,500
3 Shenzhen Stock Exchange 11,613,064
4 Nasdaq - US 11,070,930
5 Shanghai Stock Exchange 7,510,105
6 Japan Exchange Group 5,625,901
7 BATS Chi-x Europe 2,648,110
8 Euronext 1,771,879
bg9 Korea Exchange 1,664,872
10 Hong Kong Exchanges and Clearing 1,349,804
11 Deutsche Börse AG 1,310,417
12 TMX Group 1,169,538
13 SIX Swiss Exchange 865,737
14 Australian Securities Exchange 820,004
15 Nasdaq Nordic Exchanges 712,488

Source : World Federation of Exchanges



Turnover velocity, a ratio of trading value to the market capitalization, is another indicator of market liquidity. The high turnover velocity of KRX proves that KRX is one of the most dynamic and liquid markets in the world.


Ample Liquidity 1
No. Exchange 2016 Average
1 Shenzhen Stock Exchange 374.2%
2 Shanghai Stock Exchange 192.4%
3 Taipei Exchange 171.0%
4 Borsa Istanbul 168.6%
bg5 Korea Exchange 129.0%
6 Japan Exchange Group 116.8%
7 BME Spanish Exchanges 97.8%
8 The Stock Exchange of Thailand 80.9%
9 BM&FBOVESPA S.A. 79.5%
10 Saudi Stock Exchange (Tadawul) 77.5%
11 Deutsche Börse AG 74.9%
12 Australian Securities Exchange 64.1%
13 TMX Group 63.1%
14 SIX Swiss Exchange 60.7%
15 Taiwan Stock Exchange 59.0%

Source : World Federation of Exchanges



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