SPBEX
| Type | |
|---|---|
| Location | Saint-Petersburg, Russian Federation |
| Founded | 1997 |
| Currency | Russian Ruble, United States Dollar, Euro |
| Volume | US$1.381 trillion (Jan - Sep 2011) |
| Website | spbexchange.com |
The Stock Exchange Saint-Petersburg (SPBEX) is located in Saint Petersburg, Russia. The stock exchange was founded on January 31, 1991, and it is now the third most active in Russia by volume, and the largest outside of Moscow. SPBEX is located on 26th Line near Bolshoi Prospekt on Vasilievsky Island.
Open Joint-Stock Company “Saint-Petersburg Exchange” became the legal successor of the Stock exchange “Saint-Petersburg”. OJSC “Saint-Petersburg Exchange” possesses:
- A license of Financial Markets Federal Agency № 078-10457-000001 of 02.08.2007 for realization of activity in the form of Stock Exchange
- A license of Commodity Exchange Commission № 96 of 13.06.98 for organization of exchange trade in Russian Federation.
The Stock exchange “Saint-Petersburg” was founded in accordance with requirements of the Federal Law “On Securities Market” on the basis of stock exchange department of CJSC “Exchange “Saint-Petersburg” in April 1997, having received Stock Exchange License №1 in Russia from Financial Markets Federal Agency.
The first financial instruments, listed in the Stock exchange “Saint-Petersburg”, were shares of joint-stock companies, bonds, commercial banks CD’s, municipal bonds of Saint-Petersburg, Moscow, Omsk and Orenburg, Treasury obligations of Russian Federation Ministry of finances, Government loan bonds.
In accordance with Russian Federation Government order №654 the Stock exchange “Saint-Petersburg” became one of the four stock exchanges, authorized to organize trades of JSC "Gazprom" shares. A significant development of shares trades in the Stock exchange “Saint-Petersburg” was caused by a start-up of joint-project together with the RTS - Russian Trading System Stock Exchange, called “Shares market”, in which the Stock Exchange “Saint-Petersburg” is an organizer of trades, the RTS is a clearing center. At that moment listing contained shares of 250 emitters, beside JSC “Gazprom” shares.
Main joint-projects of RTS and the Stock Exchange “Saint-Petersburg”, which were carried out with success and were highly appreciated by market and investment society, were organization of JSC “Gazprom” shares trades through the RTS terminals and FORTS (futures and options) derivatives market. After combining efforts, both Stock Exchanges became absolute leaders in these segments of financial market.
As a part of its further development, in January 2010 Non-profit Partnership Stock Exchange “Saint-Petersburg” completed the process or its reorganization into Open Joint-Stock Company “Saint-Petersburg Exchange”, which allowed 250 professional participants in the securities market to become shareholders of the sole stock exchange in North-Western region of Russian Federation.
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Wikipedia