Saint-Petersburg Exchange (SPB) is one of the oldest Russian exchanges. Nonprofit Partnership Stock Exchange "Saint-Petersburg" was created in April 1997 for the purpose of organizing securities trading. The partnership became the first licensed stock exchange in Russia.
To facilitate further development of the business, in January 2009 the partnership was restructured into Open Joint Stock Company "Saint-Petersburg Exchange". As a result all the partnership members became shareholders of Saint-Petersburg Exchange.
Saint-Petersburg Exchange is operating under exchange license No.077-002 issued by the Federal Service for Financial Markets on 29 August 2013.
In 1998 Nonprofit Partnership Stock Exchange "Saint-Petersburg" became one of four trading platforms authorized to organize trading in stocks of Gazprom. From 1998 to 2013 Saint-Petersburg Exchange was the only stock exchange in Russia where the stocks of Gazprom were listed.
The derivatives market created by Saint-Petersburg Exchange was the only futures and options market that survived the financial crisis of 1998 without a single suspension of trading or default. FORTS, the leading Russian derivatives market, was developed on its basis. In 2001 FORTS was purchased by RTS Stock Exchange. Since 2009 FORTS has been ranked by the FIA among the TOP 10 leading global derivatives markets in terms of trading volume.
In 2010 Saint-Petersburg Exchange and RTS Stock Exchange (later - Moscow Exchange) started to work together on a project related to development of on-exchange trading in futures contracts on commodities (diesel, gasoil, wheat, corn, soybeans and cotton) organized by Saint-Petersburg Exchange.
Currently Saint-Petersburg Exchange operates one of the leading spot commodities markets in Russia.
In June 2014 Saint-Petersburg Exchange implemented a new trading system and launched trading in top liquid Russian stocks.
In November 2014 Saint-Petersburg Exchange started a revolutionary project for the Russian financial market. The Exchange launched 55 stocks from S&P 500 Index list that represented all economic sectors. This has become an important milestone in the development of the Russian financial market as it enabled Russian private investors to diversify their portfolios by adding the world’s leading companies.
Since the market inception the trading volumes have risen significantly, currently reaching $4-5 mln per day. The SPB Exchange is committed to ensuring fair disclosure of information about the listed companies. Through our corporate website we provide the Russian investors community with access to analytics and research as well as information on the upcoming corporate events of the listed companies, including by publishing hyperlinks to websites where such information is to be disclosed in accordance with the rules of a foreign exchange where the Securities were listed originally.
In April 2016 a decision was made to considerably expand the list of companies, traded on the SPB Exchange.