Surabaya Stock Exchange Explained

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

Notes and References

1. http://202.155.2.84/about/overview.asp SSX Website
2. Web site: Kayo . Edison Sutan . 2017 . Sejarah Pasar Modal Indonesia . SAHAM OK . 18 April 2021.
3. Web site: History & Milestone . Indonesia Stock Exchange . 18 April 2021.
4. Web site: History . 2008-04-26 . https://archive.today/20120802230222/http://www.idx.co.id/MainMenu/TentangBEI/History/tabid/61/lang/en-US/language/en-US/Default.aspx . 2012-08-02 . dead .