Siberian stock exchange.
Joint-Stock Company “Siberian stock exchange” was founded on February, 22nd, 1991. The first name of a stock exchange was Joint-Stock Company “Siberian stock exchange” (SSE). Till July, 1997 of Joint-Stock Company “SSE” carried out functions of the organizer of the trades in the share market. Since 1994 the stock exchange actively was engaged in the organization in Siberia the future market on the currency, the average price of state credit obligations and for the Index of RTS. In 1997 in connection with change of the legislation of Joint-Stock Company “SSE” has stopped activity of stock exchange. In 2002 shareholders have changed the name to Joint-Stock Company “Siberian exchange”. On July, 16th, 2002 the stock exchange has received the license of a commodity exchange №128 and since April, 16th 2003 has started the trades by standard (future) contracts on soft food wheat 3 classes with fibrin not below 23%.
Since September, 26th 2005 at an exchange the trades on future contracts on gold.
The Basis of the future market of a stock exchange have begun is the Settlement union - association of the Settlement firms which have concluded the multilateral Contract about the organization of the future market among themselves and a stock exchange. Settlement firms are shareholders (members) of a stock exchange and have the right to serve the clients trading in the future market. Among them are large manufacturers and converters of grains, the trading and financial organizations.
The Siberian exchange in the development aspires to construction of a classical commodity-future exchange - unique financial institutions by the opportunities which provides fair pricing, insurance and regulation of financial risks for the basic participants of the grain market of Siberia. The stock exchange will promote also to improvement of an investment climate and increase of efficiency of agricultural branch of South-Siberian region - one of leaders of agrarian Russia.