Stock Exchange Palace in Budapest, Historical financial building in District V, Hungary
The Stock Exchange Palace (Tőzsdepalota) is a large early-20th-century building on Szabadság tér in Budapest's 5th district, facing the US Embassy and the National Bank of Hungary. Designed by Ignác Alpár and built between 1902 and 1907, it was one of Europe's largest buildings at the time. Its exterior features classical elements, symmetrical composition, and ornate stone carvings.
The palace was built between 1902 and 1907 to designs by Ignác Alpár, partly on the site of the former New Building, to house offices that had outgrown the Lloyd Palace and to display the power of Austro-Hungarian capital. It held the Budapest Stock Exchange until the exchange closed in 1948. After the Soviet liberation it became the Lenin Institute, then the House of Technology, and from 1955 the seat of Magyar Televízió.
The building was meant to display the power of Austro-Hungarian capitalism during Budapest's golden age, and it faces the United States embassy and the National Bank of Hungary on Szabadság tér. After 1955 it housed Magyar Televízió for more than fifty years, so generations of Hungarians knew it as the television headquarters rather than a trading hall.
The palace stands on Szabadság tér in District V, facing the United States Embassy and the headquarters of the National Bank of Hungary. The building has been closed since Magyar Televízió moved out in July 2009, so the interior cannot be visited; the facade can be seen from the square at any time.
The building was designed by Alpár Ignác and built between 1902 and 1907, partly on the site of the former New Building (Újépület). After Magyar Televízió moved out in July 2009, the monument passed to a holding company planning to open a hotel there.
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