Type | Stock exchange |
---|---|
Location | Moscow, Russian Federation |
Founded | 1997 |
Key people | Evgeny Serdyukov, CEO (since November 2023) |
Currency | Russian Ruble, United States Dollar, Euro |
Volume | US$37.53 billion (June 2021) |
Website | spbexchange |
SPB Exchange (formerly JSC "Saint-Petersburg Exchange") is located in Moscow, Russia.
In the Russian Empire there was already an homonymous stock exchange (located in a specific building), but it was shut down in 1917.
In 1997, Non-Profit Partnership “Saint Petersburg Stock Exchange” was created and became the first licensed stock exchange in Russia, with NP RTS as one of its partners. In the same year, Non-Profit Partnership “Saint Petersburg Stock Exchange” launched an electronic derivative trading platform and, by 2000, it became the leading derivatives exchange in Russia. In 2014, foreign equity securities trading started on SPB Exchange platform. By the end of 2017, all the equity securities in the S&P 500 Index became available for trading on SPB platform and a T+2 settlement cycle to match the cycle of U.S. exchanges was also introduced the same year. In July 2021 the exchange changed its name to Public Joint-Stock Company "SPB Exchange". SPB Exchange is the legal successor of the Stock exchange “Saint-Petersburg”.
In November 2023, the US Treasury added SPB Exchange to the sanctions list, after which it suspended trading in American securities. [1] Two weeks later, a bankruptcy filing for SPBSE appeared in the files of the Moscow Arbitration Court. After that, its shares fell by 34%. The exchange responded with a denial; the source of the statement is unknown. The arbitration court did not accept the claim, and the Central Bank began an investigation. [2]
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 No.1 in Russia from Financial Markets Federal Agency. In accordance with Russian Federation Government order No.654 the Stock exchange “Saint-Petersburg” became one of the four stock exchanges, authorized to organize trades of JSC "Gazprom" shares.
Open Joint-Stock Company “Saint-Petersburg Exchange” became the legal successor of Stock exchange “Saint-Petersburg” and continued to trade JSC “Gazprom” shares for all its participants. Today, JSC “Saint-Petersburg” is the only exchange which has JSC “Gazprom” shares in its listing.
In February 2011, JSC “Saint-Petersburg exchange” and JSC “RTS Stock Exchange” carried out a joint project on organization of trading of commodities futures.
PJSC Gazprom is a Russian majority state-owned multinational energy corporation headquartered in the Lakhta Center in Saint Petersburg. The Gazprom name is a contraction of the Russian words gazovaya promyshlennost. In January 2022, Gazprom displaced Sberbank from the first place in the list of the largest company in Russia by market capitalization. In 2022, the company's revenue amounted to 8 trillion rubles.
Singapore Exchange Limited is a Singapore-based exchange conglomerate, operating equity, fixed income, currency and commodity markets. It provides a range of listing, trading, clearing, settlement, depository and data services. SGX Group is also a member of the World Federation of Exchanges and the Asian and Oceanian Stock Exchanges Federation. it is ASEAN's second largest market capitalization after Indonesia Stock Exchange at US$609.653 billion as of September 2023.
The Depository Trust & Clearing Corporation (DTCC) is an American financial market infrastructure company that provides clearing, settlement and trade reporting services to financial market participants. It performs the exchange of securities on behalf of buyers and sellers and functions as a central securities depository by providing central custody of securities.
The Nairobi Securities Exchange (NSE) was established in 1954 as the Nairobi Stock Exchange, based in Nairobi the capital of Kenya. It was a voluntary association of stockbrokers in the European community registered under the Societies Act in British Kenya. The exchange had 66 listed companies in February 2021.
The Rossiya Bank is a Russian joint stock bank founded on June 27, 1990. The company's headquarters are in Saint Petersburg.
Renaissance Capital is an emerging and frontier markets focused investment bank founded in 1995 in Russia. The firm has offices in Moscow, London, New York, Lagos, Nairobi, Cairo and Nicosia.
ATON LLC is one of the oldest investment companies in Russia. It was founded in 1991, sold to UniCredit group in 2007 and recreated in 2009. ATON operates in 30 Russian cities. ATON’s headquarter is in Moscow.
The Kazakhstan Stock Exchange is a stock exchange located in Almaty, Kazakhstan. The exchange was founded in 1993.
Tatneft is a Russian vertically integrated oil and gas company with headquarters in the city of Almetyevsk, Republic of Tatarstan, Russian Federation. It is the fifth largest oil company in Russia and the eighth largest listed company in Russia by market capitalization. In the 2020 Forbes Global 2000, Tatneft was ranked as the 539th-largest public company in the world.
The Mongolian Stock Exchange is Mongolia's sole stock exchange. It is based in Ulaanbaatar and was established in January 1991 by the decree of the Mongolian Government to privatize state-owned assets.
A public joint-stock company, abbreviated PJSC or open joint-stock company, abbreviated OJSC, is a type of company in many successor states of the Soviet Union, particularly in Russia. Its distinguishing feature is the right of stockholders to trade in stocks without the permission of other stockholders.
Stocks consist of all the shares by which ownership of a corporation or company is divided. A single share of the stock means fractional ownership of the corporation in proportion to the total number of shares. This typically entitles the shareholder (stockholder) to that fraction of the company's earnings, proceeds from liquidation of assets, or voting power, often dividing these up in proportion to the number of like shares each stockholder owns. Not all stock is necessarily equal, as certain classes of stock may be issued, for example, without voting rights, with enhanced voting rights, or with a certain priority to receive profits or liquidation proceeds before or after other classes of shareholders.
The Ukrainian Exchange was founded in 15 May 2008 and its operation premises are situated at 7g, Tropinina Street, Kyiv.
Bank "MENATEP", Bank "MENATEP SPb" and "Group Menatep Limited" were financial companies, created by Russian businessman Mikhail Khodorkovsky. "Group Menatep Limited", the US$29 billion holding company that had indirect controlling interest in Yukos Oil Company, was later renamed, and now still exists as holding company GML with Leonid Nevzlin as principal shareholder holding a stake of around 70 percent. The other four ultimate beneficial owners owning an equal stake each are Platon Lebedev, Mikhail Brudno, Vladimir Dubov and Vasily Shakhnovsky.
TGC-1 is a regional power company operating in North-West Russia. The company has its headquarters in Saint Petersburg with branches in Karelia and Kola.
There are three types of business entity in Russia: private limited companies, joint-stock companies, which may either be public, open (OJSC) or private, closed (PJSC), and partnerships.
The Moscow Exchange is the largest exchange in Russia, operating trading markets in equities, bonds, derivatives, the foreign exchange market, money markets, and precious metals. The Moscow Exchange also operates Russia's central securities depository, the National Settlement Depository (NSD), and the country's largest clearing service provider, the National Clearing Centre. The exchange was formed in 2011 in a merger of the Moscow Interbank Currency Exchange and the Russian Trading System.
Tashkent Stock Exchange, officially The republican stock exchange "Toshkent" (RSE) is the only stocks and corporate bonds trading platform in Uzbekistan. It was founded by the government in 1994 as an open joint stock company, located in the capital of Uzbekistan - Tashkent.
Victor Mikhailovich Remsha is a Russian businessman; the founder of Finam Investment Holding, a large Russian investment holding corporation. He is also on the boards of NAUFOR and MICEX-RTS.
Finam Holdings is a financial services company headquartered in Moscow, Russia. It is the parent company of Finam Investment Company. In April 2017 it was the third largest brokerage firm in Russia, and ranked second among providers of individual investment accounts in the country.