The long road to get back to where Japan once belonged
Click link at end of the article to see the data in full, including graphs and league tables.
The state of play among the top exchanges shows a level of certainty despite the turmoil, but it's way down the league where an interesting match might make a difference.
Osaka Securities Exchange and Tokyo Stock Exchange have announced they are going to merge in a bid to climb up the board of global exchanges and this is our starting point.
Our data reveals that a merger alone will not be enough as there is a huge chasm between their combined forces and the leader at the top of the class, which also happens to be Asia's biggest player.
The pair's combined volume for October is 16.2m which means we would rank the new exchange above Hong Kong Exchanges and Clearing but...