Expert Chaslau Koniukh
  • Companies
  • Global investment
  • Investors
  • Terminology
  • Economy
  • Stock Market
  • World exchanges
  • Tech and Marketing
Russian stock exchange markets
World exchanges

How the Russian stock markets emerged and developed

24.07.2020
2 min read

Russian stock exchange markets: factors of trading platforms development and their features

For most countries, fairs served as the main factor in the formation of the stock market. In Russia the big center of trade was Veliky Novgorod, and since 17 century fairs have moved to Moscow. But stock markets in Russia were founded only in the 18th century, thanks to Peter I. In 1703, he issued a decree on the organization of this institution in St. Petersburg.
The first trading platform was modelled on the Amsterdam one. Initially, the place where merchants gathered was the Trinity Rows, and a full-fledged building for the exchange was erected in 1705. It was a wooden structure, which was located on the arrow of Vasilyevsky Island.
Collections of merchants, which became the prototype of trading sessions, were regulated according to the schedule and time. Initially there were only commodity operations, the stock exchange began when interest-bearing securities were used. But at the same time, the latter acted as a kind of commodity. In the 19th century, securities that belonged to private institutions appeared on the site.
At the beginning of the 20th century they separated the functions of commodity and stock exchanges, but they worked in one building. The trading platform of St. Petersburg was the only one in Russia for a century. Here they conducted operations with commodity bills of manufacture, which cooperated with the army and navy. For a long time exchange markets practically did not change – there were no preconditions for development. Despite the fact that the decree on the organization of the site in Moscow is dated back to 1789, due to various factors its creation was postponed. The construction of war, uprisings and other negative events was slowed down.

Russian stock exchange markets

But over time, exchange trading became an important part of the market and there was a need to expand sites. Then they appeared in Moscow, later in Nizhny Novgorod and other cities.
The decree abolishing serfdom was a new development. It opened up opportunities to increase the volume of industry, laid the foundations of capitalism. The country became interesting for foreign investors. At the same time joint-stock companies actively appeared, which invested in the construction of railways, banking sector. Accordingly, the number of securities at the stock exchange also grew. But in 1869 the crisis came, when shares became rapidly cheaper and panic started. Speculative operations with railway securities led to the collapse of major world stock exchanges and affected the economy of most developed countries.
In the Russian Empire, the crisis strengthened the monopolies. Small firms went bankrupt, while large ones increased their capital and influence. By 1915, the country had 104 trading floors. But Russia’s stock market was far from other countries in terms of development rate, although it showed high income from securities transactions.

Tags: World exchanges
0
Previous Post Oil quotes: forecast from Swiss bank Julius Baer Next Post Chinese investment in Russia: problems of investing in the economy

You Might Also Like

Stock exchange indices
World exchanges
Why stock exchange indices are taking a hit before the US and Chinese negotiations
01.12.2020
ADNOC Gas sold shares
World exchanges
ADNOC Gas sold out within hours of the start of trading
14.06.2023
sugar prices
World exchanges
Sugar prices rise on the world market: reasons for the rush
24.07.2023
Kenvue Inc
World exchanges
Kenvue Inc has held its biggest IPO in the US since 2021
02.09.2023
fall of indices in world markets
World exchanges
Indices are falling in the global market
06.09.2022
Kraken
World exchanges
Cryptocurrency exchange Kraken was fined 1.25 million dollars
05.05.2022

Recent Posts

  • 1Margarete Steiff teddy bear
    Margarete Steiff was the seamstress who gave the world Teddy Bear
    29.11.2023
  • 2Huawei
    History of the Chinese corporation Huawei and its achievements
    27.11.2023
  • 3order block
    Order block and its use for stock exchange trading
    25.11.2023
  • 4Bahrain and the UK
    Bahrain and the UK intensify cooperation
    23.11.2023
  • 5Genesis MedTech IPO
    Genesis MedTech plans to float its shares on the Hong Kong Stock Exchange
    21.11.2023

Popular Posts

  • Skolkovo analysts: the Russian energy market is suffering losses
  • Analysts: Egypt’s economy to continue falling in 2023
  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation

Social media

Editor's Picks

Chaslau Koniukh
Analytics

American bankers from JPMorgan and Goldman Sachs advise to invest in gold: review by Chaslau Koniukh.

Spokesperson
17.08.2020
Expert Chaslau Koniukh
Analytics

Chaslau Koniukh on the analysts’ opinion on the key stake size change soon

Spokesperson
18.06.2020
expert Chaslau Koniukh
Analytics

Chaslau Koniukh: Internet trade market in Russia may reach 2.78 trillion rubles.

Spokesperson
30.05.2020
Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh
Analytics

Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh

Spokesperson
16.05.2020

Latest Posts

Margarete Steiff teddy bear
Margarete Steiff was the seamstress who gave the world Teddy Bear
29.11.2023
Huawei
History of the Chinese corporation Huawei and its achievements
27.11.2023
order block
Order block and its use for stock exchange trading
25.11.2023

Chaslau Koniukh

Expert Chaslau Koniukh

Chaslau Koniukh – an expert in marketing and project management, IT consulting, international investments, investor, financial analyst. A commodity trader, private consultant, entrepreneur, lecturer, author of several articles on the stock market.

Popular Posts

  • Skolkovo analysts: the Russian energy market is suffering losses
  • Analysts: Egypt’s economy to continue falling in 2023
  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
  • Fred Smith: the man who gave the world express delivery
Expert Chaslau Koniukh
  • Facebook
  • Twitter
  • Instagram
  • Biography

Chaslau Koniukh – an expert in marketing and project management, international investments, financial analyst.

Social media

Menu

  • Biography
  • Companies and corporations
  • Global investment
  • Investors and Entrepreneurs
  • Economy
  • Market terminology
  • Stock Market
  • World exchanges
  • Tech and Marketing
  • Analytics