Saint Petersburg Stock Exchange

SPB Exchange (formerly JSC "Saint-Petersburg Exchange") is located in Moscow, Russia.

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 and, in 2016, SPB implemented best execution principle and SOR system. 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 officially changed its name to Public Joint-Stock Company "SPB Exchange".

SPB Exchange is the legal successor of the Stock exchange “Saint-Petersburg”.

SPB 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.
• a licence of Bank of Russia № 045—002 от 29.08.2013 г. for organized trade activity.
• a licence of Bank of Russia № 045—002 от 29.08.2013 г. for depository activity.

History of the Saint-Petersburg Exchange[]

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.

Stock Market in JSC “Saint-Petersburg Exchange”[]

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.

Together RTS and JSC “Saint-Petersburg” began to develop a new project called QUIN (Qualified Investors) – trading of instruments, intended for participants with the status of “Qualified investor”.

Derivatives Market in JSC “Saint-Petersburg Exchange”[]

In February 2011, JSC “Saint-Petersburg exchange” and JSC “RTS Stock Exchange” carried out a joint project on organization of trading of commodities futures. In this project organizer of trading is JSC “Saint-Petersburg exchange”, clearing organization is CJSC “CC RTS”, settlement organization is “Settlement Chamber RTS”. Trading is carried out on the basis of trade system and risk-management system of FORTS derivatives market. It ensures the principle of single money position in all markets for the participants of trading.

The first instrument in this project was futures contract on wheat, quoted in rubles (trade code: GR). To calculate settlement price a leading market indicator is used, estimated on the basis of Wheat Futures contract of CBOT (included into CME group).

The next instrument in the development of project became calculated futures on diesel fuel (trade code: DS). Futures contract do not include physical delivery of diesel fuel but it is settled by money accounting, in connection with “KORTES-Gasoil” index. The next instruments of the project became futures contracts on corn, soy-beans, cotton, and gasoil.

See also[]

• Old Saint Petersburg Stock Exchange and Rostral Columns

External links[]

• Official website
• RTS - Russian Trading System Stock Exchange

Coordinates: 59°55′59″N 30°15′22″E / 59.932947°N 30.256155°E / 59.932947; 30.256155