Surabaya Stock Exchange
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{{Infobox company
| name = Surabaya Stock Exchange
| native_name = {{lang|id|Bursa Efek Surabaya}}
| logo = Ssx logo.jpg
| type = Stock exchange
| key_people = Bastian Purnama (last CEO)
| fate = Merged into the Indonesia Stock Exchange with JSX
| successor = Indonesia Stock Exchange
| foundation = {{start date and age|1989|06|16}}
| defunct = {{end date and age|2007|10|30}}
| location = Surabaya, Indonesia
}}
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.[http://202.155.2.84/about/overview.asp SSX Website] {{Webarchive|url=https://archive.today/20080410175558/http://202.155.2.84/about/overview.asp |date=2008-04-10 }}
History
Surabaya Stock Exchange was originally opened in 1925 during the Dutch colonial era,{{Cite web |last=Kayo |first=Edison Sutan |year=2017 |title=Sejarah Pasar Modal Indonesia |url=https://www.sahamok.net/pasar-modal/sejarah-pasar-modal-indonesia/ |website=SAHAM OK |access-date=18 April 2021}} but it was closed in early 1939 due to the ongoing World War II.{{Cite web |title=History & Milestone |url=https://www.idx.co.id/en-us/about-idx/history-milestone/ |publisher=Indonesia Stock Exchange |access-date=18 April 2021}} On 16 June 1989, the exchange restarted the operation.{{Cite web |url=http://www.idx.co.id/MainMenu/TentangBEI/History/tabid/61/lang/en-US/language/en-US/Default.aspx |title=History |access-date=2008-04-26 |archive-url=https://archive.today/20120802230222/http://www.idx.co.id/MainMenu/TentangBEI/History/tabid/61/lang/en-US/language/en-US/Default.aspx |archive-date=2012-08-02 |url-status=dead }}
On 22 July 1995, the SSX merged with the Indonesian Parallel Stock Exchange (IPSX), leaving only two primary exchanges operating in Indonesia.
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)
See also
References
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Category:Indonesia Stock Exchange
Category:Stock exchanges in Indonesia
Category:Financial services companies established in 1989
Category:Financial services companies disestablished in 2007
Category:Defunct stock exchanges
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