Over the last few years in St. Petersburg there has been created a developed infrastructure of the regional financial market which is the second largest (after Moscow) regional financial market of the Russian Federation. The development of the financial markets of the city was greatly affected, alongside with the federal monetary and credit policy, by the social and economic position of St. Petersburg, the budgetary policy of the city (including the selection of particular financial instruments for managing of the budgetary process), and also by the role of the public authorities in respect of support and stimulation of the regional economy and formation of the financial infrastructure.
At present all segments of the financial market are represented in the city: the market of banking services, the stock market, the market of insurance services, and other financial services. A specific feature of Petersburg financial market is a high concentration level of practically all of its segments (FOREX market, credit markets, deposits, capital stock and bonds etc.). The trading stations are highly specialized. The main participants of the market are: "St. Petersburg " Stock Exchange, St. Petersburg Currency Exchange, commercial banks and non-banking lending agencies, financial and brokerage companies.