SPB Exchange yearly report, 2021

The value of foreign-securities transactions in main trading on SPB Exchange in 2021 amounted to USD 393.43 billion,1 up 135.29% from 2020 (USD 167.21 billion).

The average monthly trading volume involving foreign securities in 2021 amounted to USD 32.79 billion. The record-high monthly trading volume of USD 40.93 billion was registered in November 2021. The average daily trading volume in 2021 was over USD 1.56 billion, up 134.36% from 2020 (USD 0.67 billion).

Investors made 347.57 million transactions with equities and depositary receipts in main trading sessions in 2021 (203.0 million in 2020). The average daily number of transactions in 2021 was 1.38 million (808.74 thousand in 2020), while the value of an average transaction in 2021 was USD 1132 (USD 824 in 2020).

The number of active investor accounts in December 2021 was 811.0 thousand, up 33.22% from December 2020 (608.77 thousand). The record-high 909.63 thousand active investor accounts were registered in November 2021. The number of accounts with positions in securities in 2021 increased by 113.59% to 1.6 million as of December 31 (750.31 thousand on December 31 2020).

As of December 31, 18.43 million client accounts had been admitted to trading on SPB Exchange, an increase of 142.93% y-o-y (7.59 million on December 31 2020). The number of unique customers amounted to 12.43 million on December 31 2021, up 140.69% y-o-y (5.15 million on December 31 2020).

The number of foreign securities available for trading on SPB Exchange platform in 2021 increased by 14% to 20012 equities, depositary receipts, and Eurobonds representing all industries of the world economy.

The leading foreign securities by trading volume in main trading sessions in 2021 were the equities and depositary receipts of the following issuers (top 20): Tesla (SPB: TSLA, 10,03%3 of the total trading volume by value in 2021), Virgin Galactic (SPB: SPCE, 8.84%), Alibaba (SPB: BABA, 4.13%), Moderna (SPB: MRNA, 3.78%), Apple (SPB: AAPL, 3.25%), NVIDIA (SPB: NVDA, 1.95%), Baidu (SPB: BIDU, 1.93%), Amazon (SPB: AMZN, 1.91%), VipShop (SPB: VIPS, 1.79%), Advanced Micro Devices (SPB: AMD, 1.59%), Meta Platforms (SPB: FB, 1.26%), TAL Education (SPB: TAL, 1.22%), Carnival (SPB: CCL, 1.18%), Boeing (SPB: BA, 1.02%), MicroStrategy (SPB: MSTR, 0.98%), Microsoft (SPB: MSFT, 0.87%), Cinemark (SPB: CNK, 0.73%), Macy's (SPB: M, 0.72%), Transocean (SPB: RIG, 0.67%), Block (SPB: SQ, 0.66%).

In 2021 the share in terms of trading volume for top 20 securities on SPB Exchange amounted to 48.53%, while the share of top 50 was 62.88%.

In 2021, SPB Exchange started publishing its first proprietary stock index SPB100, which reflects the behavior of retail investors in the stock market. The SPB100 Index shows the change in the value of the top 100 securities from the average portfolio of retail investors who trade on SPB Exchange.

The top 20 equities and depositary receipts of foreign issuers in SPB100 index (the average retail investor portfolio) by the end of 2021 were: Alibaba (SPB: BABA, 7.48%), Tesla (SPB: TSLA, 5.52%), Virgin Galactic (SPB: SPCE, 5.21%), Apple (SPB: AAPL, 4.94%), Amazon (SPB: AMZN, 3.94%), Boeing (SPB: BA, 2.73%), Baidu (SPB: BIDU, 2.41%), Microsoft (SPB: MSFT, 2.349%), VipShop (SPB: VIPS, 2.347%), AT&T (SPB: T, 1.658%), Carnival (SPB: CCL, 1.656%), NVIDIA (SPB: NVDA, 1.62%), Micron (SPB: MU, 1.55%), Intel (SPB: INTC, 1.534%), G1 Therapeutics (SPB: GTHX, 1.53%), Meta Platforms (SPB: FB, 1.42%), Exxon Mobil (SPB: XOM, 1.41%), TCS Group Holding (SPB: TCS, 1.382%), Hello Group (SPB: MOMO, 1.381%), Pfizer (SPB: PFE, 1.36%).

The share of top 20 securities in SPB100 index amounted to 53.42%, while the share of top 50 was 78.97%.

In 2021, 31.03% of the yearly trading volume took place between 10:00 and 17:30 Moscow time (16:30 Moscow time taking into account the daylight savings time in USA and summer time in Europe), while 1.67% of monthly trading took place between 7:00 and 10:00 Moscow time (101 equities and depositary receipts were available for investors during this trading period).

The five leading brokers by trading volume in 2021 (in main trading sessions) were Tinkoff Bank, VTB Bank (PJSC), AO Alfa Bank, JSC BCS Ltd., and IC Finam.

Main events of SPB Exchange group in 2021

March 1, the morning trading session from 07:00 to 10:00 Moscow time was introduced. The total number of trading hours amounted to almost 19 hours daily - from 07:00 am to 01:50 am the next morning (Moscow time).

March 24, ESMA (European Securities and Markets Authority) confirmed that SPB Exchange post trading infrastructure meets the transparency requirements under MIFIR.

April 22, the trading of securities listed on LSE (London Stock Exchange) was launched.

June 24, SPB Exchange won the “Stock Market Elite 2020” competition held by the National Association of Stock Market Participants (NAUFOR) in the “National Stock Market Development Project” nomination - localization of foreign securities trading on the Russian market. Roman Goryunov, President of the NP RTS Association, became the winner in the CEO of the Year nomination.

July 2, the renaming into SPB Exchange was finalized. The new logo and color palette were put in use from 26 July.

September 27, Bank of New York Mellon Corp. had agreed to begin providing custody services for Best Efforts Bank, a custodian for SPB Exchange.

October 25, SPB Exchange launched its first proprietary index SPB100. The SPB100 Index is based on unique 1.4 million private investors' portfolios data trading on SPB Exchange.

November 9, marks the 1st year of the BestStocks project, which provides private investors and trading participants with information and analytical support for more than 9 thousand foreign and 200 Russian stocks. Currently, the leading Russian trading participants use BestStocks analytical products, and more than 60 thousand users are registered in the BestStocks service.

November 15, Refinitiv, a London Stock Exchange Group (LSEG) business, announced the expansion of its real-time data feed to cover equities, depositary receipts, and bond instruments traded on SBP Exchange.

November 16, the Analytical Credit Rating Agency (ACRA) assigned MFB Clearing Center (subsidiary of SPB Exchange) a credit rating of A+(RU) with a stable outlook.

November 19, the trading of SPB Exchange own equities started on its own platform (SPBE).

December 30, the Board of Directors of SPB Exchange approved amendments to the Rules for conducting organized trading in securities, providing for trading on Saturdays and Sundays. In December, SPB Exchange, based on the wishes and requests of trading participants, began preparations for trading on weekends in 2022. SPB Exchange and trading participants jointly discuss the trading start date - February 5, as well as the trading time - from 10:00 Moscow time to 19:00 Moscow time. Russian and foreign securities from the SPB100 stock index with the largest shares in the retail investors portfolios, will be traded. Russian investors will be able to quickly revise their investment portfolios depending on corporate and economic news coming out on weekends, which will allow them to manage risks, as well as level out price gaps arising from a two-day break in trading.

About PJSC «SPB Exchange»

SPB Exchange is the leading exchange for international securities in the Russian financial market. SPB Exchange operates according to a B2B2C model, simultaneously focussing on retail investors and financial intermediaries as direct customers. SPB Exchange provides investment opportunities for Russian and international investors by offering a wide range of investment products, following best-execution principles and using smart order routing. Opening at 7 a.m. Moscow time, SPB Exchange’s proprietary technology platform provides 19-hour access to an expansive pool of investment products of international financial markets, tight spreads, and unique liquidity.

SPB Exchange’s trading hours cover trading sessions on international exchanges, including regular as well as pre-market and a significant part of post-market trading in the United States and Europe.

SPB Exchange Group includes the subsidiary operating companies MFB Clearing Center (JSC), which provides clearing services, and PJSC Best Efforts Bank, which acts as a settlement depository.

1 The value of transactions (in main trading) involving foreign securities, which includes equities and depositary receipts of foreign issuers with listings in the United States and Germany and on the LSE, is provided.
2 the total number of securities from the “Foreign Securities” and “Eurobonds” groups of instruments included in the list of securities admitted to trading.
3 percentages of equities and depositary receipts in the total trading volume (in main trading) on SPB Exchange for the group of instruments “foreign securities” in 2021 are indicated.