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The Baltic Exchange was based successively at Threadneedle Street and St Mary Axe. It was founded in 1744 as the Virginia and Baltic Coffee House, established as a meeting place for merchants trading with Virginia or the Baltic. From 1823, it was known as the Baltic Coffee House; later becoming the Baltic Mercantile and Shipping Exchange Limited (1900-1981/2). In 1857 the Exchange formed the Baltic Company Limited to purchase South Sea House (wound up in 1899). In 1899 the Exchange formed a committee called the City of London Exchange Syndicate to purchase a site in Jeffrey's Square (wound up in 1900). From the late 19th century to the end of the 20th century, the Exchange became a worldwide centre for freight and records of many thousand ship charters are held.