Baltic Exchange (building) Baltic Exchange (building) The Baltic Exchange was a building located at 24–28 St Mary Axe in London and occupied by Baltic Exchange Ltd, a provider of information on maritime transportation markets. A historic landmark, the Baltic Exchange building was architecturally known for its cathedral-like trading hall and its stained glass. It was destroyed in a bombing in 1992. The site is now occupied by "The Gherkin". The historic building was designed by Smith and Wimble and completed by George Trollope & Sons in 1903: it was subsequently listed as a Grade II* listed building. On 10 April 1992 at 9:20
30 St Mary Axe and neighbouring structures. The United Kingdom government's statutory adviser on the historic environment, English Heritage, and the City of London's governing body, the City of London Corporation, were keen that any redevelopment must restore the Baltic Exchange's old façade onto St Mary Axe. The Exchange Hall was a celebrated fixture of the shipping market. English Heritage then discovered that the damage was far more severe than initially thought, and they stopped insisting on full restoration, albeit over the objections of architectural conservationists. The Baltic Exchange and the Chamber of Shipping sold the land to Trafalgar House in 1995. Most of