And again about oil…

August 22nd, 2006

 

Oil-processing factory in Iraq

 

The nearest years the government of Iraq plans to construct some new oil refining factories, and also to modernize already existing, to start to export gasoline and other products of oil refining to 2010. Minister of oil of Iraq Hussein Al-Shahristani has made such statement today.
As he said, construction of largest of new factories nearby 140 thousand barrel per day will be completed by capacity to 2009-2010. The exact site of a factory is not specified yet; however it is known, that it will be in one of the central areas of the country. One more factory (capacity nearby 70 thousand barrel per day), according to minister, is planned to construct near to settlement Koja in the north of Iraq. After 2010 construction of a large factory by capacity nearby 300 thousand barrel per day in An-Nasria is planned, informs Associated Press.
Besides, as minister has noted, is planned to modernize and expand already existing oil refining factories in Baidga, Dora and Basra, having increased manufacture on each of them on 700 thousand barrel per day. “Thus, to 2009-2010 national manufacture of mineral oil will allow to cover internal demand, and to 2010-2011 we shall be ready to start to export mineral oil”, - minister has concluded.
Hussein Al-Shahristani also has confirmed plans of the government to lift a level of oil extracting in the country from existing 2 up to 3 million barrel per day already by the end current year. Iraq takes the third place in the world on volume of the proved oil stocks. After the American intrusion in 2003 extraction has decreased on third, and attacks of insurgents complicate work of oil refining factories therefore in the country there was a sharp shortage of gasoline and diesel fuel.
As for the World prices for oil on August, 21st 2006 they have considerably risen. On results of the trades at leading oil stock exchanges Inter Continental Exchange Futures (ICE Futures - London) and New York Mercantile Exchange (NYMEX - New York) the official prices of oil futures of the nearest month of delivery have accordingly made - IPE Brent Crude - $73,38 (+1,08) for barrel - Light Sweet Crude Oil - $72,45 (+1,31) for barrel.

British Internet-book-maker BetOnSports closes business in the USA.

August 15th, 2006

British Internet-book-maker BetOnSports Plc. has declared today, that stops reception of rates from the American clients. As they say in the message of the company widespread today, representations in Costa Rica and on Antigua Iceland in Caribbean Sea, worked on the American market, will be closed in the near future.
The company could not register business in territory of the USA as the American laws forbid the Internet-totes. In opinion of analysts, closing of the American business actually means the end of the company as three quarters of its proceeds and 95% of profit fall to the USA, and expansion of operations in Asia and the Europe hardly compensates huge losses.
The decision was accepted after on July, 17th of 2006 in Texas on charges in swindle executive director of the company David Karruters has been arrested. According to consequence, illegal reception of rates has allowed BetOnSports to avoid taxes to a total sum more than 3 billion dollars. Next day stocks of BetOnSports have been removed from the trades at the London stock exchange, and thousand clients of the company have demanded immediately to pay money due by it. BetOnSports declares that they are ready to pay, but time is required to the company to convince banks to defreeze actives.
The general turn of the industry of gambling on the Internet is estimated in 12 billion dollars a year. The leader of the market is British PartyGaming Plc., rendering services of the Internet-poker.

The quotation of securities at Channel Islands stock exchange.

August 10th, 2006

Channel Islands Stock exchange (CISX/Exchange) has begun the activity in 1998 and renders services under the admission of securities to the trades (listing), and also on over-the-counter trading of securities. CISX/Exchange developed the accelerated rates, and for December, 31st, 2004 its market capitalization has made 28 billion US dollars.
For May, 31st, 2005 800 companies have passed procedure of listing. CISX/Exchange offers an individual approach and fast process of processing of applications on the admission of securities on the innovative and highly controllable market. CISX/Exchange specializes on following services:
- services of experts on carrying out of operations with securities (including the Eurobonds, the structured duty and guarantees);
- investment funds;
- primary and secondary listing of securities and the actions emitted by the companies of Channel Islands and the foreign companies;
- depositary receipts which are given out by Channel Islands.
CISX/Exchange has the site in the Internet where the detailed review of sponsors of listing and the securities quoted at a stock exchange is given. The market information and quotations of the prices, is published worldwide on the pages of agency Reuters devoted to the CISX/Exchange.
CISX/Exchange has a favorable mode of listing of those securities in which the limited number of the investors (well understanding questions of investments) trades.
With the introduction in July of the Instruction of EU on Market Frauds, heightened interest to the securities which are quoted on CISX/Exchange as Channel Islands are not a part of EU so, CISX/Exchange is not the market adjustable by the given Instruction is observed.
CISX/Exchange has competitive prices, an effective turn of documents with the purpose of consideration of applications within 48 hours, and also keeps work with emitters and sponsors of listing on a flexible and commercial basis. The similar attitude is reflected in all aspects of listing from requirements about disclosing the information before accommodation of methods of introduction of innovative structures.
Though CISX/Exchange is situated at the territory of the Europe, and time of carrying out of its trades coincides with London time, it is not adjusted EU.
CISX/Exchange has a plenty of official international recognitions, for example:
• It is adjusted by the Commission on granting Financial Services of Guernsey which is the participant of the International Organization of the Commissions under securities;
• Is the recognized stock exchange according to section 841 of the Law on the income and corporate tax of the United Kingdom from 1988, hence, the debt securities quoted on CISX/Exchange, can be considered as quoted Eurobonds for the purposes of the taxation in the United Kingdom, percent on which are paid up to a deduction of taxes;
• Management of Financial Services of the United Kingdom has approved activity CISX/Exchange as an investment stock exchange within the limits of the Law on Financial Services and the Markets from 2000;
• CISX/Exchange is a related member of the International Organization of the Commissions under securities;
• The stock exchange is recognized by the Commission under securities and stock exchanges of the USA as an offshore securities market according to the Rule 902 (c) of the Law on securities of 1933;
• It is officially recognized by the Australian Stock exchange;
• CISX/Exchange is registered in the World Federation on Stock exchanges as “the market which is meeting the requirements”;
• The stock exchange is a member of the European Forum on maintenance and financing of securities.
Applications on reception of the quotation on CISX/Exchange move through the sponsor who is the member of CISX. The given stock exchange provides accelerated “the equivalent approach” to process of applications on reception of the quotation of securities. It means that by consideration of the similar application documents on reception of the listing, prepared for jurisdiction or the stock exchange recognized CISX/Exchange provided that the information containing in documents of a similar sort, essentially did not change can be used. Process of applications on reception of the quotation has four stages.
1. The sponsor and the emitter prepare and hand over the initial application, including the project of the document on reception of the quotation. CISX/Exchange usually loyally approaches to consideration of documents if requirements about disclosing a special sort of the information are not observed owing to presence of circumstances from the emitter. For submission of applications on secondary listing already available documents on reception of the quotation in the primary market can be used. At the given stage all corresponding projects of powers of attorney on management of the property and other financial tools serving by maintenance of debt securities, or components of those also are a subject to check.
2. Check of applications (usually within 48 hours) is spent, and then the sponsor at the coordination with the emitter gives answers on emerged questions.
3. The sponsor submits a final variant of the application which considers Management of the Share Market.
4. After reception of approval of Management of the Share Market documents on reception of listing are registered, and securities are brought in the official list of quotations of a stock exchange. The official information of listing are published in the form of the official application, and process of fulfillment of the trades and commercial transactions begins.
To pass all four stages from the initial application before reception of listing it is possible for 10 days, though CISX/Exchange can accelerate this process, proceeding from commercial reasons.
The sponsor of listing promotes the emitter in preparation of all documents, submits them in CISX/Exchange and keeps in contact with CISX/Exchange concerning any inquiries which can act in connection with process of reception of the quotation.
A necessary condition for reception of listing is that the emitter carries out the obligations according to Rules of listing and other duties concerning given procedure. Besides observance of special Rules of listing, the emitter is obliged to inform the public, CISX/Exchange and holders of securities of the company on occurrence of any important data concerning the emitter, allowing the public and owners of securities correctly define a financial position of the emitter, to avoid creation of a false securities market, and also possible negative influence on activity of the market and cost of securities.
The further requirements include granting CISX/Exchange of spears of annual reports, audit or other financial reports of the emitter, and also disclosing CISX/Exchange of the information on any changes of the rights provided by debt securities of the emitter, quoted on a stock exchange. Emitters should hand over copies of the announcements containing the information on debt securities, included in listing, for check by Channel Islands Stock exchange before their publication.

The world prices for oil have considerably raised (results of the tenders on ICE and NYMEX).

July 28th, 2006

Over and over again I’m writing about prices for oil. This theme arouses interest of the majority of population of the Earth. The World prices for oil on July, 27th 2006 have considerably risen. So, on results of the trades at leading oil stock exchanges InterContinental Exchange Futures (ICE Futures) and New York Mercantile Exchange (NYMEX) the official prices of oil futures of the nearest month of delivery have accordingly made (London):
- IPE Brent Crude – $75.01 (+1.01) for barrel;
- Light Sweet Crude Oil – $74.54 (+0.60) for barrel.

The prices for oil have again lowered on a level $73 for barrel.

July 26th, 2006

The prices for oil</a> futures on July, 25th have noticeably decreased. If in the morning price showing exceeded a mark $75 for barrel, to evening the prices under transactions have again returned on a level $73 for barrel. Results of the trades at stock exchanges contracts of the nearest month of delivery on July, 25th have made:
- in New York on New York Mercantile Exchange (NYMEX) the official price of future Light, Sweet Crude Oil (September) has fallen to 1 dollars of 30 cents (-1,7 %) and was established on a mark $73.75 for barrel (the lowest price of closing for a week) at the prices under transactions for session $73.55-75.78 for barrel;
- in London on InterContinental Exchange Futures (ICE Futures) the official price of future IPE e-Brent Crude Futures Electronic (September) has fallen off on 1 dollars 33 cents (-1,8 %) and was established on a mark $73.28 for barrel (the lowest official parameter more than for two weeks) at the prices under transactions for session $73.10-75.41 for barrel.
High Volatility under transactions at the trades on July, 25th it has been caused by expected development of a situation in the Near East. On the one hand, continuation of a confrontation and threat of its distribution on the countries next to Lebanon pushed oil quotations upwards. On the other hand, across the Near East and firm intentions of the Arabian countries to accept drastic measures for cease-fire in Lebanon formed international meeting forthcoming on July, 26th in Rome in the market of that expectation that the conflict in region joint efforts will manage to be extinguished. The prices for oil have gone down after the state the Secretary of State of the USA Condoleezza Rice has suggested entering into Lebanon the international forces.
Futures for gasoline and residual oil on NYMEX on July, 25th have gone down within the limits of 1.5 %. During first half of day the steady rise in prices on gasoline and residual oil was observed, that technically supported growth of oil quotations. The prices for petroleum products grew because of expectations of reduction of their deliveries to a home market of the USA. We shall remind that in connection with a stop of manufacture on several oil refineries in the USA oil refining in the country has decreased approximately on 500 thousand barrel per day. The rise in prices on gasoline also was promoted by expectations of falling since August on the following of 5-7 months of its import Venezuela - the country which is the main external supplier of gasoline in the USA. Deliveries of gasoline from Venezuela since August can essentially be reduced in connection with carrying out after a fire of repair work on the world’s largest oil refining complex Amuay-Cordon (throughput - the order 940 thousand barrel per day). At the same time the rise in prices on petroleum products, first of all gasoline, on July, 25th has been complicated in connection with the high prices of the retail market. We shall remind, that retail prices for gasoline in the USA have already exceeded a mark of $3 for gallon and now concede to the absolute record very little.
The high prices for gasoline, participants of the market consider, can become the reason of decrease in consumption of automobile fuel.
Decrease in the end of day of petrol quotations also was promoted by expectations of the publication of the weekly report of the Ministry of power of the USA forthcoming on July, 26th about a condition in the country of stocks of crude oil and petroleum products.

History of the Frankfurt stock exchange.

July 24th, 2006

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History of the Frankfurt stock exchange begins with the occurrence of medieval fairs. In the middle of 9 centuries king the Louis has given the preferable right to Frankfurt to spend annual autumn fairs. With 1330 when king the Louis IV Bavarian has expanded advantage and has resolved annual spring fairs, the city became the major center of trading and monetary operations.
Already in the beginning of 16 century, owing to the well-known fairs, Frankfurt becomes so prospering, that German monk Martin Luther names city “a silver and gold chink” of German empire.
As a result of flight to Frankfurt of Dutch and French dealers hided from prosecution because of their Protestant belief, in 16 century mass trade and bank sector are established in Frankfurt. Merchants from all parts of the Europe came to Frankfurt to borrow in trade.
Because of that neither in the Europe, nor in the German empire there was no uniform currency, the various countries have been shattered into numerous small economic regions, in each of which there was a monetary unit, realization of payments was the extremely difficult. Abundance of means of the payment, the unregulated exchange rate promoted development of swindle and usury. In 1585 the Frankfurt merchants have agreed about use of the fixed exchange rates of various monetary units. This date is considered the moment of a birth of the Frankfurt stock exchange. With 1585 during each fair the group of merchants periodically gathered for updating uniform and obligatory exchange rates of various monetary units. The first official list of exchange rates has appeared in 1625 the oldest list of exchange rates of the Frankfurt stock exchange, kept up to now, concerns to 1721.
First meetings of merchants were spent on the area in front of the Frankfurt town hall. And only in 1694/1695 there was a first building of a stock exchange in Frankfurt (Großer Braunfels) - the most significant and spacious building of city.
In 1682 have been put into operation the first necessary rules and norms of a stock exchange, the organizational structure of the Frankfurt stock exchange has been generated.
Down to the end of 18 centuries at a stock exchange traded exclusively in coins and bills. Only in the end 18 century begin periodic trade in bonds.
In 1707 at the next assembly the management of a stock exchange has officially approved trading agents - representatives of merchants. In 1808 the Chamber of commerce has been organized. The Frankfurt stock exchange created approximately 223 years ago as private association of businessmen, has turned to public establishment, already in first half of 19 centuries having passed in submission of the Chamber of commerce.
In the middle of 19 centuries the new prestigious building of a stock exchange under the project of the known architect in Frankfurt Friedrich Peiper, located near church St Paul’s Church has been constructed, it was opened in 1843.
Industrial revolution in Germany favored to development of financing of expensive projects through issue of stocks. The first quotation of the stocks is dated 1820 though as a whole the basic place of trade in 19 century was borrowed exclusively with bonds. In comparison with the largest European stock exchanges, the Frankfurt stock exchange treated coldly enough trade in stocks of numerous known corporations. In 1850 the Frankfurt stock exchange was generated as the center of trade mainly by the state bonds and the state interest bearing securities.
The new building of the Frankfurt stock exchange has been arisen in 1879. Construction has been carried out under projects of known architects of Frankfurt - Heinrich Burnitz and Oskar Sommer. Perhaps, this construction was the most successful - functionality of a stock exchange was perfectly combined with its prestige. Besides a new building of the Frankfurt stock exchange.
After unification of Germany in 1871 the Berlin stock exchange began to play the central role in the share market. It became the center of trade of the period when only in Prussia for the period with 1870 on 1974 there were 857 joint-stock companies. And by the end of a century in the country already 29 stock exchanges operated. Despite of it Frankfurt had an opportunity to defend the rights as the center of exchange trade.
In the end of 19 centuries for Frankfurt there was an absolute necessity of adaptation to a general economic situation in the country. With the purpose to keep the prestige of economic capital Frankfurt has changed the policy and has increased trade in stocks. This aspiration of Frankfurt to creation of the present stock exchange has collided with prevalence of the Berlin stock exchange.
The First World War and its consequences have delivered the hardest blow on the Frankfurt stock exchange. Foreign stocks and bonds were sold out to German investors because of fear of aggression from the oppositional states, free money resources were put only in the state bonds. By the end of war all foreign securities have disappeared from German quoted lists, as a result of it Frankfurt has lost the status of the international stock exchange. By the end of war all the international contacts of the Frankfurt stock exchange have been broken off and began to be restored only in 20th years. The short period of stability and well-being was replaced in 1929 by crisis. Economic crisis was and earlier. Same it has appeared unique on depth of falling of manufacture, on scales of scope of economic and on duration. The reason for that is in frustration of economic after the First World War. Fragile was a German economy. In 1931 German stock exchanges have been compelled to stop the functioning temporarily.
Fascist movement has arisen in Germany after the First World War. The German fascism differed extreme nationalism and racism. Fast growth of fascism fell to years of an economic crisis. The economy has been transformed. The state began to adjust it to accelerate an output from crisis and to create a powerful war industry. It has established the control over the prices, wages, has subordinated businessmen to the state bodies. Fascists aspired to establish the control over stock exchanges of some the states. The Frankfurt stock exchange in 1935 has merged with Mannheim Stock Exchange, then having absorbed Rhine - Main Stock Exchange. Frankfurt stock exchange, functioning as “an internal stock exchange”, in essence was not of great importance and did not carry out the major functions. The Nazi economic policy braked development of the free share market.
In 1944 has begun the final stage of the Second World War. The building of the Frankfurt stock exchange has been strongly damaged during an air strike. Meetings of stockbrokers now could be spent only in cellars of a building. After crash of a fascist mode in 1945 the Frankfurt stock exchange remained closed. However in September, 1945 the Frankfurt stock exchange, first of the German stock exchanges, has opened again.
As a result of currency reform 1948 and growing strengthening of the German economy the Frankfurt stock exchange gradually has found the former importance and played the leading part in Germany. After lead in 1992 the Frankfurt stock exchange became connected by reorganization directly not with Commercial and industrial chamber, and with joint-stock company the German stock exchange.
The German stock exchange represents joint-stock company, 81 % of actions belong to banks, 10 % - to regional stock exchanges, 9 % - to brokers. The German stock exchange runs the Frankfurt stock exchange and the German stock exchange of urgent contracts - Eurex. To this joint-stock company belong and are its branches the depositary-clearing system, information system and the Society of assistance to development of stock exchanges in Central and the East Europe.
In May 2000 there was a sensational merge of the London stock exchange to German stock exchange, to formation of a new interethnic stock exchange iX. A trading platform of a new stock exchange became German computer system XETRA. Incorporated stock exchange International Exchanges, or iX, becomes the largest share market in the Europe and serious counterbalance to Wall-Street.

The prices for oil have continued falling…

July 19th, 2006

Every day not only investors discuss the changes in prices of oil, that’s why I think this peace of news is noteworthy.
So, the prices for oil</a> futures on July, 18th have continued falling. It was the second from the beginning of week falling of the prices for oil. And it was approximately same essential, as well as on the eve. Once again the prices have fallen more than to 2 %, but this time they have already left a mark $75 for barrel.
The official prices for oil were established on July, 18th on the marks as much as possible close to the lowest prices under transactions. Thus the price of oil Brent has remained a little above $74 for barrel, while the price of oil WTI (Light Sweet) was established below this level. Results of the trades at stock exchanges contracts of the nearest month of delivery have made:
- in New York on New York Mercantile Exchange (NYMEX) the official price of future Light, Sweet Crude Oil (August) has fallen off on 1 dollars and 76 cents (-2.3 %) and was established on a mark $73.54 for barrel. (The lowest price of closing more than for two weeks) at the prices under transactions for session $73.50-76.50 for barrel;
- in London on InterContinental Exchange Futures (ICE Futures) the official price of future IPE e-Brent Crude Futures Electronic (September) has fallen to 1 dollars and 56 cents      (-2.1 %) and was established on a mark $74.36 for (the lowest price of closing for a week) at the prices under transactions for session $74.30-77.29 for barrel.
But why have prices began to fall? For first two days of this week oil has fallen in price more than on 4 %. Development of a situation in the oil market was once again defined with atmosphere in the Near East. Participants of the conflict have continued on July, 18th an exchange of rocket and artillery impacts. And the Air Forces of Israel have made a strike on military base in Lebanon that for a while promoted a rise in prices on oil futures.
Nevertheless, by the end of day the price for oil have gone down under pressure of confidence (that have became stronger) of market participants that the conflict will not extend to Syria and Iran. Decrease in interest to purchases of oil futures was promoted by the announcement of the Secretary of State of the USA Condoleezza Rice that the arrangement on cease-fire in Lebanon will be soon reached. Reduction of prices on oil products on July, 18th also has proceeded.
Additional technical pressure upon the oil market has rendered on July, 18th essential falling of the prices for gold. So, despite of preservation in the world of geopolitical instability, gold this day has fallen in the price for 3.4 %. Oil and gold already for a long time bargain in pair, is persistent following one after another. Simultaneous falling of the prices for oil and on gold testified that large investors gradually deduce their actives from the market of commodity futures, considering that fact that the US dollar has grown for a week concerning euro more than on 2 %.

Maybe it would be useful for you…

July 13th, 2006

While I looked for different interesting information for my blog I collected many useful links for me. And I hope it would be useful for you too…
Exchanges in different countries:
Australia
Australian Stock Exchangehttp://www.asx.com.au/
Sydney Futures Exchangehttp://www.sfe.com.au/
Austria
Vienna Stock Exchange: http://www.vienna-stock-exchange.at/ 
Azerbaijan
Baku Stock Exchange: http://www.bse.az/

Belgium
Brussels Stock Exchange: http://www.stockexchange.be/
Belgium Options and Financial Futures Exchange: http://www.belfox.be/
NASDAQ EuropeNASDAQ Europe 
Brazil
Rio de Janeiro Stock Exchange: http://www.bvrj.com.br/
Sao Paolo Stock Exchange: http://www.bovespa.com.br< TD>
Brazil Futures Exchange: 
http://www.bbf.com.br/
Commodity and Futures Exchange: http://www.bmf.com.br/ 
Canada
Toronto Stock Exchange: http://www.tse.com/
Montreal Exchange: http://www.me.org/
Vancouver Stock Exchange: http://www.vse.ca/
Winnipeg Commodity Exchange: http://www.wce.mb.ca/ 
People’s Republic of China
Peking Commodity Exchange: http://bcewww.cnfm.co.cn/
Shanghai Metal Exchange: http://www.sme.com/ 
Chile
Santiago Stock Exchange: http://www.bolsantiago.cl/ 
Czech Republic
Prague Stock Exchangehttp://www.pse.cz/ 
Columbia
Occidental Stock Exchange: http://www.bolsadeoccidente.com.co/
Croatia
Zagreb Stock Exchange: http://www.zse.hr/ 
Denmark
Copenhagen Stock Exchange: http://www.xcse.dk/ 
Ecuador
Guayaquil Stock Exchange: http://www.bvg.fin.ec/ 
Estonia
Tallinn Stock Exchange: http://www.tse.ee/
Finland
Helsinki Stock Exchange: http://www.hse.fi/
Finland Option Market: http://www.som.fi/
Finland Option Exchange: http://www.foex.fi/ 
France
Paris Stock Exchange: http://www.bourse-de-paris.fr/http://www.nouveau-marche.fr/
International French Futures and Options Exchange: http://www.matif.fr/ 
Germany
Germany Stock Exchange: http://www.exchange.de/
Bavaria Stock Exchange: http://www.bayerischeboerse.de/
Stuttgart Stock Exchange: http://www.boerse-stuttgart.de/ 
Great Britain
London Stock Exchange: http://www.londonstockex.co.uk/
Investment Exchange Trade point: http://www.tradepoint.co.uk/
International Petroleum Exchange: http://www.ipe.uk.com/
London International Financial Futures Exchange: http://www.liffe.com/
London Metal Exchange: http://www.lme.co.uk/ 
Greece
Athens Stock exchange: http://www.ase.gr/ Hong-Kong
Hong-Kong Stock Exchange: http://www.sehk.com.hk/
Hong-Kong Futures Exchange: http://www.hkfe.com/
Hungary
Budapest Stock exchange: http://www.bce-bat.com/ 
India
Indian National Stock Exchange: http://www.nseindia.com/ Indonesia
Jakarta Stock Exchange: http://www.jsx.co.id/
Surabaja Stock Exchange: http://www.bes.co.id/ 
Iran
Teheran Stock Exchange: http://www.neda.net/tse 
Israel
Tel Aviv Stock Exchange: http://www.tase.co.il/ 
Italy
Italy Stock Exchange: http://www.borsaitalia.it/
Italian derivatives market: http://www.borsaitalia.it/
Jamaica 
Jamaica Stock Exchange: http://www.jamstockex.com/ 
Japan
Tokyo Stock Exchange: http://www.tse.or.jp/
Osaka Stock Exchange: http://www.ose.or.jp/
Nagoya Stock Exchange: http://www.nse.or.jp/
Tokyo International Financial Futures Exchange: http://www.tiffe.or.jp/jpn.html
Tokyo Grain Exchange: http://www.tge.or.jp/
Latvia
Riga Stock Exchange: http://www.lanet.lv/business/rfb 
Luxemburg
Luxemburg stock Exchange: http://www.bourse.lu/ 
Malaysia
Kuala Lumpur Stock Exchange: http://www.klse.com.my/ 
Mexico
Mexico Stock Exchange: http://www.bmv.com.mx/ 
Namibia
Namibia Stock Exchange: http://www.nse.com.na/
New Zealand
New Zealand Stock Exchange: http://www.nzse.co.nz/
New Zealand Futures and Options Exchange: http://www.nzfoe.co.nz/ 
Nigeria
Nigeria Stock Exchange: http://www.mbendi.co.za/exng.htm 
Norway
Oslo Stock Exchange: http://www.ose.no/
Paraguay
Asuncion Stock Exchange: http://www.pla.net.py/bvpasa 
Peru
Lima Stock Exchange: http://www.bvl.com.pe/ 
Poland
Warsaw Stock Exchange: http://www.wse.com.pl/ 
Portugal
Lisbon Stock Exchange: http://www.bvl.pt/ 
Republic of Korea
Korea Stock Exchange: http://www.kse.or.kr/ 
Republic of South Africa
Johannesburg Stock Exchange: http://www.jse.co.za/
South-African Futures Exchange: http://www.safex.co.za/ 
Russia
Russian Exchange: http://www.re.ru/
Russian Trade System: http://www.rtsnet.ru/
Siberia Stock Exchange: http://www.sse.nsk.su/
Saint Petersburg Stock Exchange: http://www.spbex.ru/
Moscow Interbank Currency Exchange (MICEX): http://www.micex.ru/
Saint Petersburg Futures Exchange: http://www.futures.ru/ 
Singapore
Singapore Stock Exchange: http://www.ses.com.sg/
Singapore International Monetary Exchange: http://www.simex.com.sg/
Singapore Commodity Exchange: http://www.sicom.com.sg/ 
Slovakia
Bratislava Stock Exchange: http://www.bsse.sk/ 
Slovenia
Lublin Stock Exchange: http://www.ljse.si/
Lublin Commodity Exchange: http://www.eunet.si/commercial/bbl/bbl-ein.html 
Spain
Madrid Stock Exchange: http://www.bolsamadrid.es/
Barcelona Stock Exchange: http://www.borsabcn.es/
Bilbao Stock Exchange: http://www.bizkaia.net/Bizkaia/English/General_information/Economy/I3EBOLSA.HTM
Spanish Futures Exchange: http://www.meff.es/
Spanish Options Exchange: http://www.meffrv.es/
Valencia citrus and commodity futures market: http://drac.medusa.es/fcm/index.htm 
Sri Lanka
Colombo Stock Exchange: http://www.lanka.net/cse 
Sweden
Stockholm Stock Exchange: http://www.xsse.se/ 
Switzerland
Switzerland Exchange: http://www.bourse.ch/
Switzerland Financial Future and Options Exchange: http://www.bourse.ch/ 
Taiwan
Taiwan Stock Exchange: http://www.tse.com.tw/ 
Thailand
Thailand Stock Exchange: http://www.set.or.th/ 
The Netherlands
Amsterdam Exchange: http://www.aex.nl/
Association of options traders: http://www.otc.nl/
The USA
New-York Stock Exchange: http://www.nyse.com/
Stock Market NASDAQ: http://www.nasdaq.com/, http://www.nasd.com/
American Stock Exchange: http://www.amex.com/
Boston Stock Exchange: http://www.bostonstock.com/
Chicago Stock Exchange: http://www.chicagostockex.com/
Philadelphia Stock Exchange: http://www.phlx.com/
Coffee, Sugar and Cacao Exchange: http://www.csce.com/
Kansas City Trading Floor: http://www.kcbt.com/
MidAmerica Commodity Exchange: http://www.cbot.com/
Minneapolis Grain Market: http://www.mgex.com/
New-York Cotton Exchange: http://www.nyce.com/
New-York Merchant Exchange: http://www.nymex.com/
Turkey
Istanbul Stock Exchange: http://www.ise.org/
Venezuela
Caracas Stock Exchange: http://www.caracasstock.com/ 
Financial portals: 
http://www.cbsmarketwatch.com/ –on-line news, comments, results of trading, calendars, statistics.
biz.yahoo.com – the first portal in the financial sphere.
http://www.cnnfn.com/ – the quantity or information isn’t less as at the previous portals, but here are emphasized the main news.
Financial news:
http://www.bloomberg.com/ – unexcelled on-line news.
http://www.cnnfn.com/, http://www.cbsmarketwatch.com/, http://www.reuters.com/, http://www.ft.com/ – news of world agencies.
http://www.forexnews.com/ – news, comments, analysis of market, etc.
Financial institutions:
http://www.wcoomd.org/ – exact information  about all international economic and financial and credit organizations.
Quotations and graphics:
http://www.quote.com/ – real quotations of American stocks of all trading floor 10 minutes delayed.
http://www2.barchart.com/default.asp - a lot of quotations and graphics, analysis, comments and much other useful information.
http://www.saavycharts.com/ – great daily technical analysis of NASDAQ
Investments games:
http://www.etrade.com/cgi-bin/gx.cgi/AppLogic+gamestartpage – tournament of traders from E*Trade (real quotations 15 minutes delayed).
http://www.nasd.com/HeadTrader/head_trader.htm – imitation of work of market maker at NASDAQ.
http://contest.finance.yahoo.com/t1– Investment Challenge from Yahoo Finace (real quotations 15 minutes delayed).
http://www.virtualstockexchange.com/ – the same as the previous, but you have a choice to organize   your own tournament.
Others useful links:
http://www.americanbulls.com/ - commentary and data for all the securities in the North American stock markets.
http://www.mumbaibull.com/ - tips on investing in stock markets.
http://stockmarketonline.info/ – a good site if you want to invest your money online.
http://www.canadian-stocks.com/ - online financial resource about Canada.
http://www.quotelf.com/ - free historical stock, mutual funds daily quotes for US and Canadian markets.
http://www.valuenotes.com/asps/Fundas.Asp?Cat=F - finance, investments, investing company India, and much other information.
http://www.valuenotes.com/asps/marketalk.Asp?Cat=T - Indian stock markets index, finance business regulations, investors, derivatives, etc.
http://www.worldwidese.com/ - selected stock markets around the world.
http://www.stock-money-maker.com/ – here you can buy and sell stocks on a quantitative approach that has been back tested on a 20 year period.
http://www.angelfire.com/or/stocks/ - here you can find all of the strategies, insider tips, and trading philosophies necessary to conduct online trading successfully.
http://www.futurestech.com/default.htm - analysis of livestock, financial and equity futures markets…
http://www.investtrek.com/ - all useful resources to research and find information on stocks and mutual funds.
http://www.stockcharts.com/ - graphics and analysis of the major markets and sectors.
http://www.geocities.com/rodeodrive/mall/3087/ - stock market quotes, investments, trading, stock picks…
http://www.picapital.com.my/ - analysis and evaluation of stock…
http://www.metamarkets.com/ - discussing stocks, mutual funds, and investment strategy.
http://www.fun-e.com/ - a good laugh after a hard day dealing and trading on the stocks and equities markets.
http://www.concentric.net/~L77280r/DIARYHDG.HTM - a free Speculators Diary shows the investor / speculator…
http://www.stockmaven.net/ - stock research center, real time quotes and news, live financial markets data, research tools to evaluate and track stocks of publicly held…
http://www.ibchannel.com/channels/marketresearch/ - the markets and market mechanics, investment approaches, valuation techniques…
Also I want to propose such links as:
1) Day Trading
http://www.swingtrades.com/
http://www.absolutedaytrader.com/
http://www.rookiedaytrader.com/
http://www.daytraderfutures.com/
http://www.daytraderfutures.com/
2) Penny Stocks
http://www.daytraderfutures.com/
http://www.daytraderfutures.com/
http://www.pennystocks.net/
http://pennystockinsider.com/
3) General Investing
http://pennystockinsider.com/
http://www.investopedia.com/
http://www.investing-strategies.com/
http://www.investorguide.com/
 If you have others links you are welcome…:)

Stock exchange in Saint-Petersburg…

July 11th, 2006
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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…)

The oldest stock exchange in the world…

June 27th, 2006

Did you ever think about such questions as when and where the first stock exchange appeared? It was very interesting for me to try to get to know of its story.
So, I’d like to impart this information to you. Predecessors to modern stock exchange were medieval fairs where people could buy or sell bills of exchange. First it was in France in 12th century. There appeared guys who managed and regulated the debts of agricultural communities on behalf of the banks. We could call them first brokers.
Venetian bankers began to trade in government securities in the middle of the 13th century. Later the Dutch started joint stock companies, which let shareholders invest in business ventures. Then the Dutch East India Company issued the first shares on the Amsterdam Stock Exchange in 1611. It was the first company to issue stocks and bonds. And the Amsterdam Stock Exchange is the oldest stock exchange in the world that exists at present time.
Right up to 1913 the Amsterdam Stock Exchange was the universal exchange where traders sold and bought both goods and seсurities. Just here all methods of security trade (for example, term deals, options, carry-over deals, margin deals, etc.) came into the world.
The technique of security trade was similar to the technique of exchange trade of goods, but insensibly the specific rules of conduct were elaborated. The greatest complexity for traders was the prohibition, which was implemented in 1622, “not to make the air blue”.
At the begining the access to the Amsterdam Stock Exchange was free; any trader had the right to to make bargain with anyone. Conclusion contract finished with the hand shake, which was one of the rules of the stock exchange.
As for stocks, only stocks of the first stock company in the Netherlands (Joint East India Company) circulated at the Stock Exchange.
The stock exchange based in Amsterdam merged on September 22, 2000 with the Brussels Stock Exchange and the Paris Stock Exchange to form Euronext, and is now known as Euronext Amsterdam.
The second according to the time of origing was the stock market of Great Britain. Exactly at the England territory made its appearance the first specialised exchange, when in 1773 London brokers rented a specil accommodation for their meetings. Membership at the stock exchange the same way as at the Amsterdam Stock Exchange was free, anyone who wished were able to take part in trade, but he had to pay for it 6 pence per day.

 

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