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| Type | Commodities exchange |
|---|---|
| Location | Trieste, Italy |
| Founded | 1755 |
The Trieste Commodity Exchange (Italian : Borsa merci di Trieste) is a commodities exchange based in Trieste, Italy. It was founded in 1755 by Empress Maria Theresa when Trieste was part of the Habsburg Empire. It is one of the oldest commodities exchanges in the world. [1]
The rise of Trieste as a commercial center took place in the eighteenth century by the will of the Habsburg imperial government, during the reign of Charles VI. The ratification of the free port and the Deputation of the Court laid the foundation for the city's economic development.
In 1755, Empress Maria Theresa replaced the Deputation, dissolved a few years earlier, with Agents who could operate independently from the government. Theresa simultaneously instituted the Trieste Commodity Exchange, governed by a collegiate body, then called the ‘Deputation of the Stock’.
This body was made up of six members. Its duties included management of annuities, the commodity exchange, the plant for goods delivery, storage archive business and shareholder meetings. It transmitted proposals and complaints from local merchants to the government
The Trieste Commodity Exchange contributed undertook many initiatives, the most important of which were the design, financing and construction, from 1815, of a series of marine lamps in the Adriatic Sea and the establishment in 1842 of the "Monte Civic Commercial", hereinafter referred to as "Savings Bank of Trieste".
To deal with extraordinary problems the Deputation was joined by the Consultation Exchange, consisting of forty members and elected by the merchant class. In 1853, following an 1850 law that applied to the whole empire, the Trieste Chamber of Commerce and Industry was established and the Trieste Commodity Exchange became part of it.
From 1875, the traditional function of amicable settlement of commercial disputes, carried out by the Deputation since its inception, was replaced by a legal approach: the "Arbitral Chamber" was created and remains operational as the Arbitration Board.
With the end of World War I and the passage of Trieste to the Kingdom of Italy, the Trieste Commodity Exchange and its related bodies were absorbed into similar institutions under Italian law, such as the “Commerce Exchange” that was certified to treat both goods and values under Law 1068 of 1913. After 1920 [2] the Trieste Commodity Exchange continued to operate separately from the Trieste Stock Exchange, active until 1996, following the destinies of the Trieste economy.
The Trieste Commodity Exchange is now in a phase of restructuring and growth, and presents itself as an instrument of exchange at national and international level to support the competitiveness of companies interested in importing or exporting their products.
The exchange offers the Excellence Exchange, with a B2X business model aimed at promoting local production and the Commodity Exchange platform for energy products with green or white certificates, with free shipping to Friuli-Venezia Giulia. The system allows the trading of new concept TMD securities. [3]
Commerce is the large-scale organized system of activities, functions, procedures and institutions that directly or indirectly contribute to the smooth, unhindered distribution and transfer of goods and services on a substantial scale and at the right time, place, quantity, quality and price through various channels from the original producers to the final consumers within local, regional, national or international economies. The diversity in the distribution of natural resources, differences of human needs and wants, and division of labour along with comparative advantage are the principal factors that give rise to commercial exchanges.
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The history of the Jews in Trieste goes back over 800 years.
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The Free Port of Trieste is a port in the Adriatic Sea in Trieste, Italy. It is the most important commercial port of Italy, with a trade volume of 62 million tonnes.
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Corpus separatum, a Latin term meaning "separated body", refers to the status of the City of Fiume while given a special legal and political status different from its environment under the rule of the Kingdom of Hungary. Formally known as City of Fiume and its District, it was instituted by Empress Maria Theresa in 1779, determining the semi-autonomous status of Fiume within the Habsburg monarchy until the fall of the Austro-Hungarian Empire in 1918.
Giuseppe Pasquale Ricci was a leading figure in late-18th-century Trieste, at the time a free port within the Habsburg Empire.
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The following is a timeline of the history of the city of Trieste in the Friuli-Venezia Giulia region of Italy.
The history of Trieste began with the formation of a town of modest size in pre-Roman times, which became an actual city only after Roman conquest in the second century BC and subsequent colonisation. After the imperial era, the city declined following barbarian invasions, becoming only marginally important for the next millennium. It changed lordships several times and then became a free city, which joined the House of Habsburg in 1382. Between the 18th and 19th centuries Trieste experienced a new period of prosperity thanks to the free port and the development of a thriving shipping industry that made it one of the most important cities of the Austrian Empire.
Cassa di Risparmio di Trieste was an Italian savings bank headquartered in Trieste that operated between 1842 and 2002.
In the aftermath of the First World War, the Fiume Question, part of the larger Adriatic Question or Adriatic Problem, concerned the fate of the territory that was part of the Corpus Separatum of Fiume, the Royal Free City and one of the only two free ports of Austria-Hungary.
The Palazzo della Nuova Borsa Valori is a historical building in Genoa, located in Piazza De Ferrari, also known as the Palazzo della Borsa. Built by engineers Dario Carbone and Amedeo Pieragostini, its architecture recalls the Neo-16th century style, while the interiors, by Adolfo Coppedè, are inspired by the Liberty style.
45°39′02″N13°46′12″E / 45.65068°N 13.76998°E
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