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
Surabaya
,
Indonesia
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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