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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]
 | |
Native name | Bursa Efek Surabaya |
|---|---|
| Company type | Stock exchange |
| Founded | 16 June 1989 |
| Defunct | 30 October 2007 |
| Fate | Merged into the Indonesia Stock Exchange with JSX |
| Successor | Indonesia Stock Exchange |
| Headquarters | Surabaya, Indonesia |
Key people | Bastian Purnama (last CEO) |
History edit
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 edit
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 edit
References edit
- ^ a b c SSX Website Archived 2008-04-10 at archive.today
- ^ Kayo, Edison Sutan (2017). "Sejarah Pasar Modal Indonesia". SAHAM OK. Retrieved 18 April 2021.
- ^ "History & Milestone". Indonesia Stock Exchange. Retrieved 18 April 2021.
- ^ "History". Archived from the original on 2012-08-02. Retrieved 2008-04-26.
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