Expert Chaslau Koniukh
  • Biography
  • Analytics
  • Companies and corporations
  • Global investment
  • Investors and Entrepreneurs
  • Market terminology
  • Stock Market
  • World exchanges
Russian stock market

Russian stock exchange market: history and features

29.06.2020
2 min read

The first trading floors in many countries were fairs, which gave an impetus to the emergence of the exchange market. Trade between merchants and craftsmen laid the foundation for business relations. The Russian stock exchange market emerged in the 18th century, although its prerequisites were still there.

How the Russian stock market developed until the 20th century

The center of trade in Russia was Great Novgorod where merchants from different regions gathered, but after the route of the city in the 17 century, such business meetings were transferred to Moscow.
It took a century for the first official stock exchange to appear in Russia in 1703. Its creation in St. Petersburg was ordered by Peter 1. The basis for the new trading floor was Amsterdam. At first, after the organization of the exchange, merchants held fees at Troitskaya Square, and two years later the building for the exchange was erected. It was located on Vasilyevsky Island. Merchant fees for bidding were carried out strictly according to the specified time. Initially, the exchange was exclusively commodity, but when interest money appeared in Russia, it was offered to conduct stock transactions. At the same time, the securities were regarded as a commodity type. It was only in the 19th century that securities from private companies began to take part in trading. In the early 20th century, commodity and stock exchanges were separated, although operations were carried out in the same room.
This exchange has been the only trading floor in Russia for almost 100 years. Here were sold a nd bought bills of various state manufactures, which were engaged in the needs of the army and served the fleet. There were no other ways for the exchange to function at that time.

Russian stock market

The Decree on construction of the Moscow Stock Exchange was approved in 1789. But various factors and wars slowed down the creation of the exchange. Exchanges were already opened in Odessa, Poland, which contributed to the expansion of trade relations. Therefore, in 1837, the Moscow Stock Exchange was created, and after such institutions appeared in other Russian cities.
During the period of serfdom, banking activities were owned by state and joint stock commercial organizations. There were no credit institutions or financial companies not related to banking activities at that time, which impeded the improvement of the Russian stock market.
The impetus for development was the abolition of the serf system. After 1861, industrialization processes accelerated, and with it, the volume of investments increased. The empire was experiencing intensive economic growth, and joint stock companies began to appear in large numbers. The stock exchanges traded in securities, which could be purchased by almost any person. This was the case until the world crisis in 1869 and the development of the stock market slowed down.

Share
0
Previous Post Dmitry Babin: the ruble is strengthening - review by Сhaslau Koniukh Next Post Inventor and businessman Isaac Singer: a success story

You Might Also Like

Best Buy Co. Inc
Companies and corporations
Best Buy Co. Inc: the way from a small store to the largest retail chain
05.01.2021
Valero Energy Corporation
Companies and corporations
US largest refining company Valero Energy Corporation
16.12.2020
Dow Chemical Company
Companies and corporations
Chemical industry giant: The Dow Chemical Company
14.02.2021
Ameriprise Financial
Companies and corporations
Ameriprise Financial financial holding company: sphere of activity
07.10.2020
Berkshire Hathaway
Companies and corporations
The success story of the company with the most expensive shares – Berkshire Hathaway Inc
09.07.2020
Macquarie Group
Companies and corporations
Macquarie Group: the history of the largest banking holding company in Australia
07.09.2020

Recent Posts

  • 1the best currency for savings
    BKS Broker: the best currency for savings
    28.02.2021
  • 2second wave of contagion
    How the second wave of contagion will affect the cost of the cryptocurrency
    27.02.2021
  • 3China's economic recovery
    How China’s economic recovery is going: a review of the processes
    26.02.2021
  • 4Wendy Deng
    Wendy Deng: How a poor Chinese girl became one of the most powerful women in the world
    25.02.2021
  • 5PNC Financial Services Group
    Financial Corporation PNC Financial Services Group
    24.02.2021

Popular Posts

  • Yandex shares are growing: analysts’ forecasts of the corporation’s development 0
  • Advertising backpacks from BackAd startup: unique development 0
  • Dentsu Aegis Network: how the advertising market will change in 2020-2021 0
  • How the Frankfurt Exchange Deutsche Börse works 0

Social

Editor's Picks

Chaslau Koniukh

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

Spokesperson
17.08.2020
Expert Chaslau Koniukh

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

Spokesperson
18.06.2020
expert Chaslau Koniukh

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

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

the best currency for savings
BKS Broker: the best currency for savings
28.02.2021
second wave of contagion
How the second wave of contagion will affect the cost of the cryptocurrency
27.02.2021
China's economic recovery
How China’s economic recovery is going: a review of the processes
26.02.2021

Chaslau Koniukh

Expert Chaslau Koniukh

Chaslau Koniukh is an international financial expert, a professional investor, an experienced analyst and a practicing trader. He advises European entrepreneurs; holds lectures on investment topics; is the author of scientific articles on work at the stock market.

Recent Posts

  • 1the best currency for savings
    BKS Broker: the best currency for savings
    28.02.2021
  • 2second wave of contagion
    How the second wave of contagion will affect the cost of the cryptocurrency
    27.02.2021
  • 3China's economic recovery
    How China’s economic recovery is going: a review of the processes
    26.02.2021
Expert Chaslau Koniukh
  • Facebook
  • Twitter
  • Youtube
  • Instagram
  • Biography

Expert Chaslau Koniukh: brief biography and path of formation

Let’s Socialize