Surabaya Stock Exchange

Last updated
Surabaya Stock Exchange
Native name
Bursa Efek Surabaya
Company type Stock exchange
FoundedJune 16, 1989;35 years ago (1989-06-16)
DefunctOctober 30, 2007;17 years ago (2007-10-30)
FateMerged 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]

Contents

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:

See also

References

  1. 1 2 3 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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