Feb 06 2021, 5:40 AM
February 05 2021, 2:30 AM
February 06 2021, 5:40 AM
(Bloomberg) -- A stock exchange founded in Russian President Vladimir Putinâs hometown just became the busiest venue for equity trading in the country thanks in part to last weekâs retail-trader frenzy in the U.S.
(Bloomberg) -- A stock exchange founded in Russian President Vladimir Putinâs hometown just became the busiest venue for equity trading in the country thanks in part to last weekâs retail-trader frenzy in the U.S.
Stock volumes on the Saint Petersburg Exchange -- which lets investors buy and sell foreign shares directly via their Russian brokerage accounts -- surpassed those of the Moscow Exchange for the first time on record last month. Trading on the SPB, as itâs known, climbed 14% in January to $36.1 billion. The Moscow Exchange, which focuses on Russian securities, saw the equivalent of $30.2 billion change hands.