Surabaya Stock Exchange

Surabaya Stock Exchange (SSX) (Indonesian: Bursa Efek Surabaya (BES)) was a stock exchange that officially opened on June 16, 1989, based on the Minister of Finance Decree of Indonesia No. 654/KMK.010/1989 with only thirty-six shareholders. It was established in order to support the Indonesian government in capital markets and economic development in the East Region of Indonesia.[1]

Surabaya Stock Exchange
TypeStock exchange
Founded1989
Defunct30 October 2007
FateMerged into IDX with JSX
SuccessorIndonesia Stock Exchange
Headquarters,
Key people
Bastian Purnama, Last CEO

History

Surabaya Stock Exchange was originally opened in 1925 during the Dutch colonial era,[2] but it was closed in early 1939 due to the ongoing World War II.[3] On 16 June 1989, the exchange restarted the operation.[4]

On 22 July 1995, the SSX merged with the Indonesian Parallel Stock Exchange (IPSX), leaving only two primary exchanges operating in Indonesia.[1]

On 30 October 2007, SSX was officially merged to Jakarta Stock Exchange (JSX) and becoming Indonesia Stock Exchange (IDX) as a single exchange operating in Indonesia, besides Jakarta Futures Exchange.

Products

SSX trades various products, including:

  • Equities (stock)
  • Bonds (Government Bonds and Corporate Bonds)
  • Derivatives products (Japan Futures, LQ45 Futures, and Mini LQ45 Futures)[1]

See also

References

  1. SSX Website Archived 2008-04-10 at archive.today
  2. Kayo, Edison Sutan (2017). "Sejarah Pasar Modal Indonesia". SAHAM OK. Retrieved 18 April 2021.
  3. "History & Milestone". Indonesia Stock Exchange. Retrieved 18 April 2021.
  4. "History". Archived from the original on 2012-08-02. Retrieved 2008-04-26.


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