Nasdaq Stock Market (XNAS) vs London Stock Exchange (XLON)
Nasdaq Stock Market and London Stock Exchange compared by ISO 10383 identity, operator, trading session, settlement cycle and covered listings.
| Field | Nasdaq Stock Market | London Stock Exchange |
|---|---|---|
| Operating MIC | XNAS | XLON |
| Segment MICs | 7 | 4 |
| Country | United States | United Kingdom |
| Operator | Nasdaq, Inc. | London Stock Exchange Group (LSEG) |
| Operator LEI | 549300L8X1Q78ERXFD06 | 213800D1EI4B9WTWWD28 |
| Trading currency | USD | GBP |
| Timezone | America/New_York | Europe/London |
| Session (local) | 09:30–16:00 | 08:00–16:30 |
| Lunch break | none | none |
| Settlement | T+1 | T+2 |
| Covered listings | 18 | 7 |
| Covered listed value ≈ | $28.4tn | $1.5tn |
| Benchmarks | Nasdaq Composite, Nasdaq-100 | FTSE 100, FTSE 250, FTSE All-Share, FTSE AIM All-Share |
Nasdaq Stock Market
Home of most large-cap technology listings; fully electronic since 1971.
London Stock Exchange
Primary UK equity venue; LSEG is also a major market-data provider (Refinitiv).
"Covered listings" counts companies in the Finance Foundation dataset, not the venue's full listing count, and "covered listed value" sums the computed market caps of those companies (close 2026-08-28) — a sum of estimates over a hand-picked set, not the venue's listed market capitalisation. The comparison is of our covered set, stated plainly. MIC data from the ISO 10383 registry, operator LEIs from GLEIF, session times compiled from each venue's published calendar. seed-0.7 · marketcap-1 · 2026-08-30 · sources.