Genoa Stock Exchange

History

Genoa has an ancient history for the activity of trade. In medieval Italy and the communes, exchanges took place in the Piazza di Banchi, so called because of the benches set up by merchants, notaries, and moneychangers. In the 1700s activity and trading took place in the private scagni, in Palazzo San Giorgio and also in Piazza Banchi. In 1822, a commission was set up by the Chamber of Commerce to fix the exchange rates between Genoa and the most important European trading centres on the basis of the average of bargained prices. The 1840s saw the restoration of the Loggia della Mercanzia (Genova) the building dedicated to stock exchange trading with a first chamber regulation, with 1845 came the first list the Corso dei cambi with the quotations of government bonds and shares. In 1855, the birth of the Commerce Exchange in the Loggia di Banchi and the Palazzo Senarega administered by the Genoa Chamber of Commerce was made official by a decree of Cavour, in which the traders were the matchmakers and authorised stockbrokers, who had a monument to Cavour erected in the Loggia by the sculptor Vincenzo Vela, later destroyed in 1942 by a bombing.

On 27 June 1905 the Nuova Borsa company was founded to build the building, which cost seven million lire at the time. In 1912, the Commodities Exchange remained in the Loggia di Banchi, where it remained until 1985, while the Stock Exchange moved to Piazza De Ferrari, in the newly built building. It was inaugurated on 20 July 1912. It was an event of national importance. During the three days, stockbrokers from all over the country were present and Francesco Saverio Nitti, Minister of Agriculture, Industry and Commerce of the fourth Giolitti government, Francesco Tedesco, Minister of the Treasury and Teobaldo Calissano, Minister of the Post and Telegraphs. Among the other authorities were the marquis Giorgio Doria, representing the mayor Giacomo Grasso, the then president of the chamber of commerce Carlo Dané and Nino Ronco, president of the port consortium and the marquis Giacomo Filippo Durazzo Pallavicini and the president of the stockbrokers' union Giacomo Richini. …

From the 90s to today

Another room is the Telegraph room where there was a telegraph system and an international telephone service for operators.

With the computerization of exchanges and the transition to the telematic system, the Genoese stock exchange saw its last call on 28 February 1994 and the Sala delle Grida closed on 5 September 1998. Subsequently, the Chamber of Commerce of Genoa with the CARIGE Foundation they carried out restoration work.

After the closure of stock market activities, the Sala delle Grida is used as an exhibition space and equipped for holding conferences and exhibitions, as are the scagni. which can be used as exhibition areas, while the Sala del Telegrafo can function as a catering area.