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No wonder the notional value of derivatives contracts has shot up to somewhere between $400 trillion and $500 trillion, many times the global capitalisation of listed companies.A decade ago big stock exchanges might have been happy to stick to their knitting, even as other types of trading boomed.
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Even after the setbacks of the past year, global stockmarket capitalisation has tripled since 1990.
Their share of global market capitalisation has shrunk from a peak of 22% in 2007 to 13% today.
Asian stockmarkets account for 34% of global market capitalisation, ahead of both America (33%) and Europe (27%).
Some want it to have influence commensurate with the size of America's equity markets, which account for almost half of global market capitalisation.
The share of emerging economies in global stockmarket capitalisation has fallen from about 11% in 1996 to 6.5% today, far below their near-40% share of world output.And yet most of this constitutes a blip, rather than a reversal, in a long-term trend.
It is currently at 250p, giving ITV, which is 10% owned by Liberty Global, a market capitalisation of about £10bn.
We looked wrong at first about the "rocky year" ahead for Tim Cook, Apple's new boss (Apple's market capitalisation broke global records), but the firm then had a rougher autumn.
Torsten Slok of Deutsche Bank says that the market capitalisation of global stockmarkets has risen by $5 trillion in the last three months.This ought to make end-investors, the clients who entrust fund managers with their savings, nervous.
A report by Carbon Tracker, released in 2011, found that over-capitalisation threatened companies spanning global markets: 20 - 30% of the market capitalisation is linked to fossil fuel extraction on the Australian, London, MICEX, Toronto and Sao Paulo exchanges.
It is the largest power company in the world by market capitalisation after all.
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CEO of Professional Science Editing for Scientists @ prosciediting.com