Public Joint-Stock Company SPB Exchange (SPB Exchange) operates as a multi-asset trading venue focused on providing access to international capital markets for retail and institutional investors through a B2B2C model. The company organizes trading in a diverse range of securities and instruments, including foreign securities, Russian securities, Eurobonds, leveraged and inverse ETFs, and related depository and clearing services through its licensed subsidiaries. SPB Exchange emphasizes best-execution principles and smart order routing to deliver transparent liquidity across extended trading hours, including pre- and post-market windows, with infrastructure designed to support cross-border access to global markets from its headquarters in Moscow and operations that extend to international participants. Founded in 201? SPB Exchange is headquartered in Moscow, Russia, and maintains a network of affiliated entities such as MFB Clearing Center and a settlement/depository subsidiary to support its trading and post-trade activities. The firm targets both retail investors and financial intermediaries seeking access to a broad set of international investment opportunities, including newly launched products and services tailored to expanding the scope of tradable assets and market liquidity for foreign securities. The company’s strategic focus includes expanding product offerings, enhancing platform capabilities, and pursuing partnerships and alliances to broaden geographic reach and client base across key markets. SPB Exchange maintains regulatory licenses and compliance obligations pertinent to securities trading, clearing, and depository activities, positioning it as a venue for efficient access to global investments while supporting local Russian and international market participants. SPB Exchange continues to develop its product suite and ecosystem to facilitate streamlined trading, settlement, and custody services for a wide range of asset classes and investment instruments.