Saint Petersburg Stock Exchange
From Wikipedia, the free encyclopedia
SPB Exchange (formerly JSC "Saint-Petersburg Exchange") is located in Moscow, Russia.
Type | Stock exchange |
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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 |
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]