Surabaya Stock Exchange

Surabaya Stock Exchange

Native name	Bursa Efek Surabaya
Company type	Stock exchange
Founded	16 June 1989; 35 years ago (1989-06-16)
Defunct	30 October 2007; 17 years ago (2007-10-30)
Fate	Merged into the Indonesia Stock Exchange with JSX
Successor	Indonesia Stock Exchange
Headquarters	Surabaya, Indonesia
Key people	Bastian Purnama (last CEO)

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]

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

• Indonesia Stock Exchange
• Jakarta Stock Exchange

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.