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A financial institution based on Troy (DM-39 14192).
Stock trading organisation for all Trojan public companies and since the formation of the 9 Star Combine most public companies in the Combine.
All executives working at the Trojan Stock Exchange are required by law to be Trojan passport holders. Control of voting shares is also restricted by law (with companies from Troy protected more than companies from the rest of the 9 Star Combine). Investors with Trojan passports can buy voting shares in any of the companies traded at the TSE. Investors from other worlds in the 9 Star Combine can buy non-voting shares in Trojan companies or voting shares in other Combine companies. Investors who do not hold a passport from one of the worlds in the Combine can only buy non-voting shares.
The TSE is also used by Trojan public companies as a clearing house for orders to the Trojan Exploration Corporation (TEC) to move goods. Combine public companies (and occasionally organisations outside the Combine) are sometimes allowed to purchase TEC movements from the stock exchance. However, these ships have a duel military role (serving the Trojan Territorial Navy in times of national crisis) and non-native companies wishing to purchase TEC movements are usually vetted by the Trojan Intelligence Service.
The Trojan Stock Exchange was formed the same year that Troy (DM-39 14192) was colonised. For the first few years it was a government agency, created to assist the formation of companies, but in 123 AI (2339 AD) it was successfully privatised.
In 148 AI (2364 AD) another government agency called the Trojan Exploration Corporation was privatised by the Trojan government. There was some concern that the TEC, which was to contact other inhabited star systems on behalf of Troy's businesses, might favour one company over another. To ensure that it would remain impartial, it was sold to the TSE. The stock exchange started to trade use of its new starship service in the same way that it would trade shares in precious metals.
In 176 AI (2392 AD), one year after destroying the planet Wolf in the First Interstellar War, the Centaur Attack Fleet assisted a military coup in their home system and the Centaur Federation was born. The new power block began to seize control in the worlds that were previously controlled by the Wolf Dictatorship. Because the Centaur's had used the Wolf Wormhole to attack the Wolf homeworld, there was fear on Troy that the Federation might try to use the wormhole between Kruger and Troy to invade Troy. Trojan shareholders demanded a national solution to the risk of invasion. Troy began negotiations with its trading partners.
The Trojan government passed an emergency law forming a reservist navy called the Trojan Territorial Navy (TTN). The ships of the Trojan Exploration Corporation were requisitioned by the government, and their crews were drafted into the Trojan Territorial Navy. The ships were upgraded to give them some fighting capability and help boost patrols of the Kruger and Troy systems while Trojan negotiators seek a long term solution. Trading in TEC movements was immediately suspended and essential goods movements were regulated by the navy for the duration of the emergency.
The following year, negotiations to deal with the 'Centaur problem' concluded with the formation of the 9 Star Combine. Like the other eight members Troy merged its navy into the new Star Combine Navy. Protection of space controlled by all nine members was handed over to the new authority. The Trojan Territorial Navy (which was not merged into the new navy) was stood down from active service and its ships were passed back to TEC.
With the formation of the 9 Star Combine, non-Trojans were allowed to buy and sell shares on the Trojan Stock Exchange for the first time, however for off-worlders shares did not grant voting rights. The TSE also started to allow other Combine member companies to use the Trojan Exploration Corporation (TEC) to move their goods, however unlike Trojan companies they do not have any right to have goods moved and this service is a good will gesture by both the TSE and the TEC, not an obligation of the 9 Star Combine treaties.
The stock exchange later gained permission from the Troy government to offer transportation contracts to non-Combine companies. However, as the starships still have a duel role with the military, all non-native cargoes and passengers had to be cleared by the Trojan Intelligence Service.
In 283 AI (2499 AD) a conflict broke out between the Centaur Federation, Eridani Republic and Star Kingdom of Pegasus in the Valhalla Star System. The Trojan Territorial Navy was put on active service for the second time in its history for the duration of The Valhalla Crisis. The ships helped boost Star Combine Navy patrols in the Troy and Kruger system and the surrounding areas. Shares in the Trojan Exploration Corporation were again suspended while their ships were being used by the navy.
Following the Valhalla Crisis, the ships returned to normal corporation service until 297 AI (2513 AD) when the Centaur Federation backed a military coup on Valhalla. The Star Kingdom of Pegasus and Eridani Republic formed an alliance with the free Valhallan forces against the Federation and military junta. The 9 Star Combine was put on war alert until the Valhalla Military Junta was defeated the following year. The Trojan Territorial Navy was not put on full active service this time, but was instead put on standby status. All leave was cancelled, non-Trojan cargoes were prohibited on TEC starships for the duration of the conflict and all journeys had to be approved by TTN officers. TEC ship movement trading continued on a restricted basis. Non Trojan companies were prohibited from purchasing shares for the duration of the emergency and natives wishing to trade shares had to gain approval from the Trojan Intelligence Service. Shares in movements were traded on a provisional basis, with the Trojan government guaranteeing full refunds to any contracts cancelled by the Trojan Territorial Navy.
Since the end of the military coup, in 298 AI (2514 AD), the TEC appears to have returned to normal service, and the stock exchange is now trading to non-Trojan companies again. However the Trojan Intelligence Service is again vetting companies that wish to purchase TEC goods movements from the Trojan Stock Exchange.