Stock Research

Imagine… The Northern capital of the Russian Federation… The city of drawbridges and white nights… And this city has its own stock exchange… And this stock exchange has its own history…
 Yes, to my mind it would be more interesting to learn the history of such little known stock exchange, than different well-known ones. Because the information about international stock exchanges like New-York, London, Tokyo stock exchange, AMEX, etc. you can find anywhere, and about Saint-Petersburg stock exchange not…
 So, the first commodity exchange in Saint-Petersburg appeared in 18 century. A little bit later (in 19 century) appeared the first Saint-Petersburg stock exchange. And in a short space of time took on special significance. It gave fantastic profits to lucky beggars or swingeing damages to losers. It has been revived in our time and makes profits to a great number of people. Who knows, would be these people so rich if they didn’t earn their money in the stock exchange?
 The Saint-Petersburg stock exchange was revived not so long ago (about 15 years ago), that’s why it would be more interesting to investigate its history starting with its foundation…

The history of Saint-Petersburg stock exchange since 18 till 20 century.

 The Saint-Petersburg stock exchange appeared in 1703. Initially it was the meeting of merchants near shopping streets at Troitskaya square. Then since 1713 it was situated at Gostiny Dvor at the same square. By order of Peter I the special building for stock exchange was built opposite of Gostiny Dvor in 1724 (the architect was Trezini). In 1730 the stock exchange was architected to Vasilyevsky Islandto the new building of Gostiny Dvor. Since 1783 at the Spit of Vasilyevsky Island were erecting the special building for stock exchange (the architect was Kwarengi). Unfinished edifice was demolished in1804. In 1805-10 at the Spit of Vasilyevsky Island (Birjevaya square, 4) were constructed new building of stock exchange (the architect was Toma de Tomon). At the same time the quay was rigged. Symbolism of statues, which the stock exchange were decorated, was very interesting. It was the statue of Neptune (the god of seas and oceans) and also the statues of Activity, Hope and Justice. The subsequent sources name a little bit others statues: the statues of Neptune, aged man (symbol of Volga) and woman (the symbol of Neva). On the other side of building were situated woman with the crown and two female figures (rivers) on each side. It was the imagery of navigation. This side of the stock exchange was festooning by the statue of Mercury (the god of trade). And in more subsequent books authors name two statuaries: “Neptune with two rivers” and “Navigation with Mercury and two rivers”.
 Primordially it was just commodity exchange. With the advent of interest-bearing securities in Russia at the Saint-Petersburg stock exchange put into practice stock transactions. Indeed from the beginning securities were one of the commodities. Since 1830 at the stock exchange began to take place operations with securities of private institutions. Since 1860-1870 they were traded actively. In 1900 commodity exchange and stock exchange were divided but continued to work in the same building.
 After Great October Socialist Revolution (1917) stopped to operate all exchanges and they were revived only in 1990. 
 Revival of exchange began on 24th of August of 1990, when was made a decision to found it. It was registered in 1992 and in 1997 the stock exchange was separated from the commodity exchange. According to the regulations of 1992 the Saint-Petersburg stock exchange is juridical person with all its indications (trade mark, its own appellation, State seal, etc.) Since 30 of April of 1992 the exchange “Saint-Petersburg” was registered as closed corporation. And since 18 of March of 1997 it became the nonprofit partnership upon request of Federal Commission on the Securities Market.
(to be continued…)

This entry was posted on Tuesday, July 11th, 2006 at 10:08 am and is filed under Different stock exchange. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.